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Bank of Cadiz and Trust | Discrepancy Between Lenders and Analysts

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The Challenge: Discrepancy Between Lenders and Analysts

With a decentralized lending process, consistent credit analysis is a common challenge financial institutions face. Bank of Cadiz and Trust Company had this problem because their individual lenders completed their own analysis for their customers. The bank used one system for commercial loans but did calculations by hand for consumer loans. They knew they needed a solution that would accommodate both their commercial and personal loans.

With a standard input process, our analysis for every loan is identical. The narrative report Abrigo provides in its output also helps with consistency and provides time-savings on my credit presentations.
Kevin Atwood, Executive Vice President, Bank of Cadiz and Trust Company

The Solution:

Bank of Cadiz and Trust Company now has both a consistent input process and output because of Abrigo Credit Analysis. The bank mandates that all lenders use Abrigo for every loan. This allows them to keep a process in which the lenders do their own loan analysis and eliminates the need to hire another full-time employee as a credit analyst. “With a standard input process, our analysis for every loan is identical. The narrative report Abrigo provides in its output also helps with  consistency and provides time-savings on my credit presentations,” states Kevin Atwood, Executive Vice President at Bank of Cadiz and Trust Company. He adds, “We use Abrigo for every single loan. The global cash flow analysis allows us to use the program for our most simple credits to our most complex ones that have multiple LLC’s and guarantors.”

The Result: Analysis They Can Depend On

“Abrigo’s global analysis ensures accuracy, and the narrative reports provide time-savings and consistency. Our examiners have commented that they like the uniformity our software solution provides to our credit analysis," explains Kevin Atwood. By using a single platform, the bank has achieved consistency and make the credit process more transparent, with all the documentation and calculations in a single software and readily available for loan reviews, examinations, or customer service.

Abrigo’s global analysis ensures accuracy, and the narrative reports provide time-savings and consistency. Our examiners have commented that they like the uniformity our software solution provides to our credit analysis.
Kevin Atwood, Executive Vice President, Bank of Cadiz and Trust Company

Simplify Global Cash Flow Analysis with the Sageworks technology from Abrigo

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