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Current Expected Credit Loss (CECL) Solutions

Provider: Abrigo

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Abrigo's two solutions, MST Loan Loss Analyzer and Sageworks ALLL, automate the allowance calculation to maintain compliance with current and future GAAP. The solutions offer banks a host of robust loss rate methodologies and segmentation options from which the institution can create the most defensible and representative model of credit loss in their portfolio. Banks also benefit from the Abrigo Advisory Services team, who interprets the accounting standard and helps the bank translate regulatory requirements into a supportable ALLL and eventual ACL. The MST Loan Loss Analyzer (LLA) streamlines the calculation and documentation for accurately estimating the allowance today and the Allowance for Credit Losses (ACL) under CECL. Enables your bank to satisfy regulatory and audit requirements with an automated process tailored to your institution’s unique methodology. The LLA integrates with any core system as well as additional interfaces such as general ledger, charge-off and recovery, credit card and others.

Sageworks ALLL offers banks flexibility in the transition to CECL by providing a platform in which the institution can try different scenarios quickly and easily to see the estimated impact on the allowance and capital. With 7 different, configurable loss rate methodologies, the bank can customize its CECL model by loan pool to achieve the calculation that’s more reflective of loss and defensible for audits and exams.

ABA Member Discount

ABA Members receive 2 basis points off of their All In Program Fee, which are the network fees based on portfolio volume paid to Discover.

ABA Vendor Product Review

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Banker Review

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Kara Tucker

Enterprise Ethics Office

SunTrust Bank

Benefits

  • Significant time savings as bankers do not have to track down data, reconcile balances in several spreadsheets or manually update formulas
  • Auditor and examiner satisfaction through a defensible and documented allowance process
  • Flexibility to quickly try different scenarios and segmentation strategies without overhauling the calculation
  • Integration with any core system as well as additional interfaces such as general ledger, charge-off and recovery, credit card, Small Business Administration (SBA) data and others
  • Designed with scalability in mind to meet the growing needs of the financial institution
  • Full-service support team offering quick, unlimited technical support

How It Works

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Webinar

CECL Countdown: Who's Ready & What Institutions Are Doing Now

April 2, 2019 | 2:00 PM ET

Public business entities that meet the definition of an SEC filer must comply with CECL by Q1 2020. Non-SEC filers and all other entities have until 2021 or 2022 to transition to forward-looking credit loss models. In this webinar, Abrigo Risk Consultants Neekis Hammond and Regan Camp will walk attendees through the survey findings and address how financial institutions can be best prepared to meet their respective deadlines.

Register

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Our Experts

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Heather Wyson

Vice President, Risk Management Policy

Contact Heather