Credit administration is a key department within a financial institution as it has a direct impact on the total loan portfolio. An effective and efficient credit administration department will enhance the credit process from the application process through the on-going management of the loan relationship. Operational risk is present in the loan portfolio through the credit administration process. A weakness in credit administration could ultimately lead to additional risk and potential losses in the loan portfolio. Policies and procedures should be in place to support the perfecting of liens, loan documentation, insurance coverage and property taxes, and other requirements approved as a part of the credit relationship.
We can help identify trouble spots in the credit administration process and assist with the enhancement of policies and procedures to improve the overall quality of the department.
To learn more about our Credit Administration Consulting services, please read, download or print our Credit Administration Consulting service sheet.