Posted By: Patrick Lee
Risk Rating on Loan Account - 07/24/15 06:57 PM
Currently our bank utilizes the occup/business code as one of the criteria in determining the risk rating performed by Banker's Tool Box (BAM) on all of the deposit accounts. We do not input occup/business code on loan accounts; therefore, the loan account in BAM does not include this criteria when calculating the risk rating for loan. I don't think this is wrong since credit risk was performed during the underwriting review.
I like to know what others are doing and whether it is normal practice not to perform risk rating on loan account since the credit risk was already performed?
Thank you!
I like to know what others are doing and whether it is normal practice not to perform risk rating on loan account since the credit risk was already performed?
Thank you!