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#2219424 - 08/09/19 02:14 PM Individual Lending Authorities
Lynn O. Offline
New Poster
Joined: Aug 2019
Posts: 1
I am looking for input on how other banks have determined appropriate individual lending authorities. Has anyone used % of legal lending limit and if so, what % did you use for each respective position (i.e. President, Chief Credit Officer, Senior Lender, Jr. Lender, etc.)?

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General Discussion
#2219426 - 08/09/19 02:28 PM Re: Individual Lending Authorities Lynn O.
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
I have never seen percentages used. I have always seen dollar amounts used.

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#2219434 - 08/09/19 03:29 PM Re: Individual Lending Authorities Lynn O.
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,491
Pulling people out of the ditc...
we have set dollar limits in incremental increases (ie, $25k, $50k, $100k, etc) that graduate up based on position, tenure, area worked (retail v comm), customer/market base, etc. I would imagine dealing with percentages would be a nightmare, because technically your lending authority could change daily depending on the banks financials...
Providing alternative truths since the invention of time

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#2219435 - 08/09/19 03:32 PM Re: Individual Lending Authorities Lynn O.
burkemi Offline
Platinum Poster
Joined: Nov 2013
Posts: 522
Set dollar limits here. I agree with Happy - using percentages just sounds like a nightmare.
I reject your reality and replace it with my own.

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