ONTARIO, Calif (12/20/10)--Lending Insights has announced a series of new analytical tools, reports and enhancements to help credit unions satisfy regulatory risk-management and compliance requirements. The tools bolster Lending Insights’ Lending Performance Management System (LPMS) program’s library, adding more than 75 new system reports designed to help credit unions advance their risk-management practices and processes, and their overall portfolio success. The company developed the system reports to accommodate the changing regulatory environment and to satisfy the risk-management practices required by regulators. The new reports address a number of areas:
* Concentration risk; * Credit-score migration; * Loan-to-value analysis by loan loss or delinquency; * Term analysis by loan loss or delinquency; * Dealer profitability; * Portfolio analysis; and * Static pool analysis.
In a letter to credit unions in March focusing on concentration risk, the National Credit Union Administration (NCUA) emphasized a need for the expanded list of system reports. NCUA noted that “credit union officials and management have a fiduciary responsibility to identify, measure, monitor and control concentration risk. Concentration risk must be managed in conjunction with credit, interest rates and liquidity risks; as a negative event in any category may have significant consequences on the other areas, as well as strategic and reputation risks.” Lending Insights’ LPMS program offers a set of online monitoring and reporting tools that help credit unions manage their loan portfolios, and meet regulatory compliance. The program tracks performance and trends against a credit union’s goals, and provides branch management tools, capabilities to assess performance by portfolio segments, and market intelligence tools to benchmark the credit union’s performance against other lenders.