We provide out-sourced underwriting solutions to help community banks and credit unions resolve many of the issues their Credit Departments face. Whether it is underwriting new loans, renewing existing loans, or reviewing existing loan relationships, our experienced professionals can help.

Challenges facing Loan Credit Departments include:

  • Pressure to support increased loan growth goals
  • Increased regulatory scrutiny, which has created more detailed underwriting and reporting standards, increasing the amount of time each underwriter needs to spend working each request
  • Detailed on-going monitoring and reporting requirements for existing commercial loan portfolios have impacted the time Credit Departments have available to process new loan requests
  • Staffing levels and expertise

Benefits of Out-Sourcing

Quick solution for Institutions to meet their underwriting needs – Whether that be to provide quick responses to customers, dealing with an overload of renewals, or trying to get reviews done before an audit.

Knowledge – Our professionals are former lenders and credit personnel who have a broad range of expertise in commercial and industrial and commercial real estate lending.

Optimal Staffing – Institutions no longer need to hire additional underwriters for short periods of time, reassign existing staff, or hire temporary employees with less experience to complete short-term needs. Institutions can maintain the optimal staffing level they need to manage their portfolios, utilizing us to handle all over-flow underwriting they might have.

Cost Savings – Use of our Outsourced Underwriters does not require any investment in technology, office space, computers & equipment, or really any other support services from the institution. All costs are incurred by us.

Experience – Our underwriters have extensive experience in commercial lending and include experienced credit analysts and credit managers. Each loan is not only underwritten by an experienced credit analyst, but is also reviewed by an experienced credit manager.

Flexibility – We can utilize the Institution’s existing preferred presentation form or can provide a detailed form customized to the institution whose loan we are underwriting.

Recommendations/Current Underwriting Practices – We will make recommendations and work with institutions to enhance their existing presentation forms to best meet the current best underwriting practices.

Follow Institutional Preferences – We will work to learn each institution’s underwriting style and demands and be sure each presentation conforms to those preferences.

Our process for underwriting your loans is simple, and includes the following:

Submit a File – The necessary documents can be scanned or faxed. We will then upload all documents via our secure uplink. Necessary documents typically include all relevant financial information (including historical financial information if this is a new request), credit reports, D&B reports, a brief description of the request, any past loan presentations or write-ups for that customer, and any other pertinent documents, including copies of appraisals.

Initial Underwriting – Upon receipt of a complete financial package, our staff will underwrite the loan and put it into either the Institution’s presentation format or our format based on the institutions preference. We will complete all general loan underwriting and the completion of the presentation, including recommendations, credit risk grading, and final conclusions.

File Review/Approval – Once our initial underwriting is complete, the presentation will be reviewed and signed off by a Director. Once they approve the presentation, it will be forwarded to the institution. Typical turn-around time is 48 hours for all requests, although from time-to-time questions arise or a complicated loan request may take longer to process.

Presentation Review by Submitting Institution – Once the presentation has been approved by our Director, it will be forwarded to the institution. It will be up to the individual institution to complete a final review and insert appropriate lender comments and background information not provided. If any errors are found in the review by the institution, the presentation will be returned to us, and we will make corrections immediately.