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Example of loan policy exceptions

Question: 
What is an example of a loan policy exception?
Answer: 

A financial institution might consider making a loan policy exception for a variety of reasons. Loan amount, collateral, geography, industry, and financial ratios are factors that could impact such decision-making. A loan involving a loan-to-value ratio that is outside of the policy's specified criteria is an example of a loan policy exception.

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Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
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First published on 11/05/2023

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