Lending inherently requires risk. As a financial institution, you establish your loan portfolio on standards that best fit your needs. These standards must be properly documented and compliant with applicable laws and regulations. With the many risks associated with lending, you want to be sure you have proper guidelines in place to approve only sound loans with minimal risks.
Our loan review services are based on an agreed-upon sample of the bank's loan portfolio. Specific credits to be reviewed can be determined by bank personnel, based on a number of factors that best meet a bank's needs and expectations, or a sample of the loan portfolio based on our knowledge of the regulatory criteria used for loan review. The loan reviews are not designed to determine the adequacy of the allowance for loan losses, however they will analyze a number of important credit factors, such as proper risk rating, sufficient credit and collateral documentation, properly executed loan documentation, proper lien perfection, proper loan approval, adherence to loan covenants, compliance to bank loan policies and procedures, applicable laws and regulations, and proper monitoring of pending or outstanding documents.
We can help you feel more confident in your loans. Eide Bailly has been providing loan review services for more than 15 years with former certified bank examiners on staff. We take pride in being a sounding board for management and can guide you in your strategic decision process for managing your financial institution.
