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CECL

Bankers must prepare in advance for CECL. CECL brings a whole new perspective to estimating your credit losses. Even though you have a year or more before full implementation you must begin learning, strategizing and collecting data now. Your examiners will be checking your plans and progress this year. We know what’s required. Let our team of experts help you get off to a good start.

CECL completely changes the timing of loss recognition. Instead of waiting until losses have occurred, CECL requires you to estimate and book expected life of loan credit losses upfront on origination day. This timing difference will upend your pricing, income and capital planning. We have specific strategies to help you minimize the disruption to your business and maximize your ROE.

CECL requires you to calculate and document your expected lifetime losses before you make another loan. Do you understand the many various methodologies available and the different data they require? How about the required qualitative adjustments? We do, and we can help you pick the best method for your bank based on where you are today. Plus, we have the framework to help you document your selections to stand up against regulatory scrutiny.

CECL gives every bank the opportunity to choose the appropriate level of loan loss calculation detail. How would you know the right detail level for your bank? More importantly how would you navigate the tricky conversions from aggregate to loan-specific calculations? We offer an upgrade path that lets your loan loss calculations grow with you as you capture more data over time. Plus, we have proven techniques to fill in data gaps that might otherwise cause problems for you. Why struggle with outdated spreadsheets when you can use our simple and effective solution designed just for CECL?

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