Interested in learning more about loan origination, CECL, PPP, and portfolio best practices?
Check out additional blog posts, webinars, and whitepapers.
Make Big Things Happen at Your Institution
Welcome to Abrigo's Virtual Showroom
Integrated Solutions for Banks
Grow Your Financial Institution and Mitigate Your Risk
Digitize the Banking Experience
The coronavirus pandemic has forever changed how borrowers interact with your bank. Abrigo aims to help your bank manage risk while also driving growth in this “new normal”. We create solutions you can use to automate slow processes at the bank, break down data silos, create a better borrower experience, and pave the way for greater insights into the portfolio.
Ensuring Your Success
Trusted Partnership with Abrigo
305+ PPP Customers
Trust Abrigo for more than 122,000 applications totaling over $16 billion.
38% Higher Loan Growth
At Abrigo banks compared to their peers over the last 5 years.
Confidence in CECL
“The data was not as big of an issue for us as we expected it to be since we were running the incurred loss model and Abrigo was already capturing our data – we were ahead of that.”
“The data was not as big of an issue for us as we expected it to be since we were running the incurred loss model and Abrigo was already capturing our data – we were ahead of that.”
ANDREW REID, EXECUTIVE VICE PRESIDENT AND CHIEF CREDIT OFFICER
How We Can Help
CECL and Stress Testing
The ALLL and stress testing scenarios depend on current and forward-looking expectations for credit losses, and Abrigo can help you estimate June 30, 2020 qualitative adjustments (and beyond). Additionally, those same models can be used to perform a top-down stress test in a variety of scenarios and to inform estimates under the CECL standard.
PPP Origination and Forgiveness
Abrigo is the Georgia Bankers Association-endorsed provider for PPP Forgiveness and Administration. The software helps you serve your community with automated PPP loan origination integrated into E-Tran as well as automated PPP loan forgiveness workflow.
Portfolio Insights
Bank executives and directors need data to help them shape strategies for growth, but often data is tied up in separate systems across the bank. Abrigo Connect bridges the gap between siloed systems, giving leaders the insights they need. Create reports and dashboards that easily analyze the health of your bank.
Loan Origination
From digital loan application to credit underwriting to loan administration, this fully integrated lending and credit risk solution allows your bank to streamline origination and customer management. Borrower expectations are changing rapidly, and the Abrigo system is able to support the fast, online experience they crave along with the enhanced analysis to make smart decisions.
Bank Independent cut calculation time from a week to two days
and now feels prepared for the transition to the expected loss model.
Request a Demo
Resources
Coronavirus Resources
Manage Today's Changing Economy at Your Financial Institution
Get up-to-date information and resources during this time of rapid change and ambiguity.
SBA Lending Support & Resources
CARES Act and Paycheck Protection Program Details
Access resources as you navigate the CARES Act for your community.
Other Resources
State of the Union Podcast with Dave Koch
Our weekly state of the union podcast is a series targeted to community financial institutions with episodes focusing on the new PPP program, training in a new work from home set up, deposit gathering, funding and more. Session #1 discusses the profitability of the new PPP program and options that exist to help fund SBA loans.
Listen Now
Qualitative Adjustment In Times of Crisis and Stress (Testing)
In this webinar, intended for public and private banks that have not yet adopted the forward-looking CECL standard, we discuss our approach to establishing qualitative adjustments as the June 30, 2020 statement date approaches and the full impacts of the pandemic and energy crises are unknown.
WATCH WEBINAR
How Lenders Are Affected by PPP Forgiveness Changes Passed by Congress
Just when lenders were starting to get a handle on the Paycheck Protection Program’s loan-forgiveness process, much of it is changing. PPP borrowers will have more time to incur forgivable expenses and will only have to spend 60% of loan proceeds on payroll instead of 75%.
Read Blog
Paycheck Protection Program Timeline for Lenders
The loan forgiveness process is one of the most important aspects of the Paycheck Protection Program to both borrowers and lenders, but with changing guidance and due dates, understanding the timeline for applying for forgiveness and submitting Form 1502 for processing fees has been complicated.
Download timeline
Forbearance, Foreclosure, and Force Majeure: Managing Coronavirus Loan Workouts at Your Institution
Lenders have taken advantage of prudential guidance to extend payment forbearance options to customers during the current period of distancing and restrictive measures to fight the initial waves of the pandemic. We have seen several strategies in the market, and this forbearance has taken many forms.
Watch webinar
Portfolio Management in Crisis: Coronavirus Implications for Lenders
The challenge for most banks will be how to quantify and document the additional risk they may face. Knowing that there are more questions than answers at this time, lenders can still take specific action during the emergent phase.
Read Whitepaper
