A sound credit culture that is fully understood by the board, management, and officers is key to maintaining or creating a quality portfolio. Paragon Hill can help senior management meet its portfolio objectives by assisting in establishing and communicating loan underwriting processes and standards.
Credit Culture Evaluation, Recommendation, and Implementation
Before instituting a change in credit culture, it is critical to understand the employees’ perception of the existing culture. Once the evaluation of a credit culture is completed, a change in credit culture can then be developed incorporating benchmarking, market specific criteria and individual bank objectives.
Credit Policies & Procedures
At the heart of a strong credit culture are clear, concise credit policies and procedures that reinforce the consistent application of credit underwriting standards and processes. Paragon Hill’s credit policy consulting includes the development of appropriate risk rating structures, approval documents, and lending parameters.