Webinars - Live

Writing Effective Credit Memos & Loan Narratives

November 21 | 3:00 pm - 4:30 pm ET
Level: N/A
Webinars - Live
Cost: $225.00
Contact: Jordan Inkley at jinkley@mainecul.org

Credit memos and loan narratives are crucial to the loan committee, loan officers, and underwriters in making strong credit decisions; to loan review officers in understanding a credit being reviewed; and to examiners when reviewing your files.

They can also document workout strategies for problem credits. This practical webinar will explain the essentials and provide sample formats.
  • Identify the objectives of a credit memo as the foundational application document but also the backbone for renewal decisions
  • Understand the components of credit analysis, including different terms, exposure summary, financial analysis, collateral, etc.
  • Define and consider key financial ratios
  • Structure a strong summary narrative
  • Know what examiners look for in a sensitivity analysis (stress testing)
  • Recognize the importance of the succession plan
  • Draw clear credit risk conclusions
  • Provide a detailed record of strengths, weaknesses, and mitigants
  • Explain the importance of documenting and monitoring loan policy exceptions
  • Avoid common examiner criticisms in credit write-ups
  • Comprehend why a well-written credit memo is a critical document for many parties

For more information or to register CLICK HERE