Alogent recently created a new spreadsheet that helps bankers calculate the cost of their current exception tracking workflows.
Modern Payments Infrastructure: 1 Platform, 1 API, All Channels
Is it time for a solution refresh? Legacy processes can’t always keep up. Ask yourself these questions to assess your payments modernization goals and explore the benefits of a single platform for all Day 1 and Day 2 processing.
Fair Lending Worksheet - Second Review
BOL user Rocky Pizzarello a/k/a Southern Banker, knows the value of a second review. It isn't a rubber stamp on the first lender's decision, nor does it mean making an underwriting exception. It means offering the applicant the same opportunity to get the loan as everyone else. Sometimes there is an issue as lenders have different authorities and expertise.
The Second Review sheet is a guide to document that all considerations were given to the applicant. It should be completed by a loan or credit review officer with greater lending authority than who made the initial denial recommendation.
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