Client: A well-known for-profit vocational school that has been in business for over 60 years and has 27 school campuses, located all over the United States. The company owns the underlying real estate on five of the 27 campuses and the remainder are subject to long-term leases. Additionally, the company had very little free cash flow because it had significant capital expenditures each year to ensure that all of the schools were as modernized as possible from both an equipment and curriculum standpoint to stay competitive. The lack of free cash flow and overall liquidity put the company on probation with the federal regulators and put the company in jeopardy of losing its federal funding, which would effectively put it out of business.
Improving the credit underwriting process | Risk | McKinsey & Company
Our customer is a rapidly growing mortgage lender specializing in wholesale and retail lending. He is a licensed mortgage lender in over 20 states and has a prominent presence in the West Coast. The customer approached Outsource2india, as their in-house team of underwriters was not able to manage the increase in volume. At Outsource2india, we provided the customer with a dedicated team of underwriters. With the increase in underwriting capacity, our customer was able to handle more loans every day. Our client was not able to manage the increase in volume with their existing team of in-house underwriters.
Introducing CRE Loan Underwriting
Flatworld Solutions is one of the prominent mortgage services providers headquartered in India, offering comprehensive solutions to global mortgage brokers, mortgage lenders, real estate finance professionals, and mortgage experts. For over 17 years, we have been offering bespoke solutions and helping our clients achieve their business objectives. A leading US-based client was looking to reduce their loan closing time.
Everyone thinks their own management team is great. But if those banks counter that feedback by demonstrating effective, responsive management, they can score better CAMELS ratings than banks experiencing similar issues but failing to demonstrate proactive management. This article offers suggestions for how management can make a material difference in CAMELS evaluations, simply by asking the right questions and then discussing them openly and honestly. Currently, regulators and bankers alike are noting rapid asset growth, rising cybersecurity risk, funding of loans with brokered deposits, concentrations of all types, pressure on the return on assets, and capital needs in all areas of each bank. Is your board aware of the pattern of loan policy, loan documentation, and post-closing documentation exceptions?