I'm in the midst of loan review at the moment and looking at appraisal reports in our commercial files. I don't "review" the appraisal reports as that was done prior to funding the new loan, but there are certain aspects of the report that I do read/review for the purpose of completing my audit.
So, the last few reports have an intended use of the report as "Portfolio Decisions." ????? Usually the intended use talks about lending decisions or a new mortgage loan, etc . Is this something new that I missed? What's a portfolio decision???
I know, my first mistake was loan review on a Friday!