Principal, Synergy Credit Union Consulting,Inc & Synergy Bank Consulting Inc. I Strategic Planning I MBL Review | Internal Audit | Credit Risk Mgmt
Below is a slide from Abrigo's recent "2023 State of Loan review: Understanding the latest trends and best practices" report. 🚨 Credit Union family, I can say confidently that many credit unions allow their MBL CUSO to be their loan officer, credit analyst, and loan auditor. This model can create a lack of independence, leading to slow recognition of problem MBL relationships. Don't get caught off guard in 2024. Denial won't make the issues go away. Let's learn from the past. #AskSynergy #ERM #MBL #CreditRisk