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Guide to selecting an outsourcing partner for the CECL calculation

When it comes to transitioning to the current expected credit loss (CECL) model, some financial institutions are seeking a partner to aid with this regulatory change. Process outsourcing can help banks and credit unions focus on growth and investment in their communities. While there are many benefits to outsourcing the CECL calculation, it’s crucial to properly evaluate the right partner for your institution. This guide provides important factors and best practices when considering a process outsourcing partner for CECL.

Download to learn:

  • Risk and business considerations when evaluating a vendor
  • Factors to help determine the defensibility a vendor can provide
  • How to evaluate the engagement pattern with a potential partner