Rating Credit Risk With Commercial Lending Expert Vin Vieten
Download MP3Simply put, credit risk is the risk of loss due to a borrower not repaying a loan. Today, Mark Treichel interviews subject matter expert Vin Vieten on rating credit risk. Why did NCUA make it a Regulatory requirement in $723.4(g)? Credit risk ratings must be assigned to commercial loans at inception and reviewed as frequently as necessary to satisfy the federally insured credit union's risk monitoring and reporting policies, and to ensure adequate reserves as required by generally accepted accounting principles (GAAP). Tune in and learn all this and more. If you are someone who is thinking about getting into commercial lending, this is an episode you don’t want to miss.
Simply put, credit risk is the risk of loss due to a borrower not repaying a loan. Today, Mark Treichel interviews subject matter expert Vin Vieten on rating credit risk.
Why did NCUA make it a Regulatory requirement in $723.4(g)? Credit risk ratings must be assigned to commercial loans at inception and reviewed as frequently as necessary to satisfy the federally insured credit union's risk monitoring and reporting policies, and to ensure adequate reserves as required by generally accepted accounting principles (GAAP). Tune in and learn all this and more.
If you are someone who is thinking about getting into commercial lending, this is an episode you don’t want to miss.
