Services
Staff Augmentation
- Financial Statement Spreading (Business, Personal, Global Cash Flow, Borrowing Base);
- Underwriting / Credit Analysis (New Money and/or Renewals);
- Credit Servicing (Annual Reviews, Covenant Testing, Risk Rating Validations)
Loan Review
- Transaction Testing;
- Targeted Loan Reviews;
- Special Projects
Types of Loans Serviced
- C&I Underwriting (Small Business, Middle Market, Large Corporate);
- CRE Underwriting (Multifamily, Retail, Office, Industrial, Hotel)
"Lenders Cooperative serves as an extension of your credit team, customizing our underwriting approach to adhere to your loan policy and credit risk appetite."
Benefits
Improved Risk Control
3rd party, independent underwriting allows for objective reviews, reduces internal friction, and ensures safety & soundness in the portfolio.
Eliminate Backlogs
Provides overflow valve during peak volume periods and provides credit servicing support.
Cost Effective
Eliminates employee benefit expenses, occupancy costs, equipment and training expenses.
Optimize Capacity Utilization
Allows organizations to improve operating leverage and design a more efficient credit process.
Reduce Variability
Experienced team delivers consistent, predictable, high quality product.
Faster Turn Times
Predictable turn times, allowing bankers to set better expectations with clients.
Onboarding Process
Loan Policy & Credit Risk Appetite
During the onboarding process, we learn your bank's loan policy hot buttons, underwriting approach, and overall credit risk appetite.
Customization
As part of our discovery process, our team customizes the underwriting approach as needed to ensure consistency with your current Credit Memo, cash flow calculations, and assumptions.
SLA's & Quality Assurance
Service level agreements are communicated, and prioritization matrix is established. In addition, each bank is assigned a Senior Underwriting Manager as primary point of contact to ensure open lines of communication and high quality assurance.
Team Members
Russell Morris
Managing Director - Head of Credit Underwriting
Russell Morris is a seasoned banker with over 20 years of commercial credit risk management experience. He has served in both Relationship Management and Credit Risk Management and has expertise underwriting C&I and CRE transactions. Prior to joining Lenders Cooperative, he led the centralized underwriting hub for Regions Bank, where his teams supported underwriting and credit servicing for the bank's $17+ Billion commercial loan portfolio. He holds a bachelor's degree in Finance from the University of Alabama.
Credit Underwriting Team
A dedicated team
The Lenders Cooperative credit underwriting team is composed of of highly experienced and knowledgeable professionals with decades of experience in C&I, CRE, and SBA lending. The underwriting team is comprised of professionals with extensive experience in financial analysis, credit risk assessment, and portfolio management. They are well-versed in the latest lending trends and regulatory requirements, ensuring that clients receive the most up-to-date and relevant lending advice.At Lenders Cooperative, the credit underwriting team is committed to delivering exceptional service to its clients. They take the time to understand each client's unique situation and tailor their lending solutions accordingly. This approach has helped the team build a reputation as a trusted partner in the lending industry.
Ready to take the next step?
Learn more about our credit underwriting and connect with one of our expert lending professionals today!