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Everyone has been impacted by the COVID-19 global pandemic in some way or another, and the agricultural industry is no different. This paper outlines three areas of impact from COVID-19 that lenders to the ag industry will want to continue to evaluate in 2021: farm income, loan demand, and credit risk.

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In this report, Lenders' Perspectives: Commercial Loan Origination Automation, Aite-Novarica Group gathered lender reviews of commercial loan origination (CLO) software providers. The report highlights product features, client service, cost value, ease of loan origination system implementation, and more across the market.

Aite-Novarica is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry.

It is critical for financial institutions to have a partner to support a more streamlined and digital lending process. Aite-Novarica's examination of lender reviews of leading CLO providers offers  valuable information. 

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  • Key market trends and implications
  • Leading vendors of loan management software
  • Strengths and weaknesses of top CLO providers per client references

Download to Learn:

  • Results and participation in the Paycheck Protection Program

  • Why loan workouts are a concern and what implications institutions think they will cause

  • The impact of the coronavirus on current and future CECL transition plans

  • The importance of a strategy going forward to protect credit quality and drive growth

Throughout the month of May, Abrigo polled more than 100 C-suite employees at community financial institutions across the country to gauge sentiment regarding the current state of the financial services industry. The survey aims to discern the top obstacles, strategies, and pressures the industry is currently grappling with. Using the results of this survey, financial institutions can learn from one another to tackle common challenges and manage customer expectations during this time.

Aite Novarica Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. In this report, Aite Matrix: Commercial Loan Origination AutomationAite-Novarica profiles vendors currently serving the Loan Origination System (LOS) space, with an eye towards vendor stability, client strength, product features, and client services.

 

In this excerpt, provided by Best-in-Class vendor Abrigo, you can learn: 
  • Market trends and implications uncovered by Aite
  • Key statistics on leading Loan Origination Systems (LOS) vendors
  • Strength and weaknesses of Abrigo
  • The Aite Matrix Evaluation used as a foundation for the report

 

For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.

“The clock is ticking,” said Abrigo Senior Director of Advisory Services Regan Camp. “While many financial institutions are taking the necessary steps to make sure they are prepared for this important change in accounting for credit losses, it’s clear that others are falling behind their peers.”

Download the 2019 CECL survey results to learn:

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Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

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