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Loss Rates

May 8, 2018
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A question being asked of MST support lately is: “How do I refresh my loss rates and what happens when I do?”

Answer: After performing any Batch Edit Modification or modifying the Historical Loss Worksheet, it is important to Refresh Loss Rates on the Reserve Page. Select a reporting period from the drop-down menu and click the ‘Loss Rates’ button. This will refresh loss ratios into your current reporting period from the Historical Loss Worksheets on the Pools page. Once you have refreshed your loss rates, you will be able to see the updated balances for both ASC 450-20 and ASC 310-10 loans. The Total Reserve amount will appear at the bottom right.

 

For more information on Reserves, refer to page 50 in the Loan Loss Analyzer User Manual.

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Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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