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Credit Reporting During COVID-19

The credit score is THE key attribute lenders use to determine if they will offer credit to a borrower and if so at what rate. It is also key in analyzing loan portfolio risk as credit scores change from loan origination. It is vital that the credit reports of consumers…
Dinny Lechman
October 7, 2020
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How is COVID-19 Impacting your Real Estate Portfolio?

For many credit unions, real estate loans represent the largest percentage of their total loan balance. In these uncertain times, understanding the risk of loss due to default on your existing real estate loan portfolio is important. The impact of a loss to your financial performance has two factors, the…
Dinny Lechman
August 6, 2020
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Ten Common Behavioral Biases in Lending

There are 3 truths for any experience, your truth, my truth and what really happened. This is because we see the world through our own lens, filtered by bias. A behavioral bias is an irrational behavior or belief that influences our decision process. Understanding bias can you help you mitigate…
Dinny Lechman
May 8, 2020
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Magic 8 Ball Economic Predictions for 2020

My daughter recently was given a Magic 8 Ball, touting the claim that it has all the answers to your deepest questions. When thinking about predictions for 2020, I thought who best to ask than the Magic Eight Ball. Question to Magic 8 Ball Will we have a recession in…
Dinny Lechman
February 10, 2020
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NCUA Releases 2020 Supervisory Priorities

The NCUA has just released their supervisory priorities for 2020. Let’s look at the focus areas and what it means for your credit union. Credit Risk including Concentration Risk For 2020, examiners will be looking at credit risk management, specifically at underwriting procedures and standards and if the credit union…
Dinny Lechman
January 9, 2020
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Capitalize on Changing Interest Rates

In our most recent blog post, we took a deep dive into the interest rate environment to examine why rates change and what you need to think about in a volatile interest rate environment. Now we look at some use cases to capitalize on changing interest rates. It is difficult…
Dinny Lechman
December 5, 2019

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