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Using the Remaining Life Methodology: CECL Solution Demonstration

Wednesday, April 24, 2019
2:00 PM
Presenter: Kory Hoppes

As CECL is approaching, financial institutions are evaluating vendors to help them automate their allowance processes to successfully comply with CECL. One way of doing that is to use the remaining life methodology (WARM/WRAL Method), which was introduced on the “Ask the Regulators” webcast in February 2018. With Abrigo’s community CECL approach, financial institutions can produce meaningful results despite common obstacles, such as having a lack of loan-level data or loss history.

Join to see:

  • How the remaining life methodology can be used to comply
  • Integration of our community CECL approach with the rest of Sageworks ALLL
  • CECL compliance with little to no use of qualitative adjustments
  • Ways the Sageworks ALLL software solution creates a seamless CECL transition

About the Presenter

Kory joined the Abrigo consultant team early in 2017 coming from an engineering software company specializing in finite element analysis (FEA). With a certification in project management and training in Lean Six Sigma, his experience resonates towards process improvement and the ability to leverage new technologies within traditional workflows. Prior to his career in the private sector, Kory served as a Marine Corps officer following graduation from the US Naval Academy with a degree in mechanical engineering.