Continuous Loan Review

Crossroads Credit and Portfolio Management LLC provides a professional and regulatory-compliant Continuous Loan Review program that is implemented at a cost substantially less than the cost of an internal department, and typically less than the cost of one FTE.

Our Continuous Loan Review consists of regular on-site reviews of new and renewed loans, as well as existing loans, impaired loans, watch list and non accruing loans. Additionally, Crossroads offers recommendations for improvement in the loan administration processes, lending procedures and compliance programs. When appropriate, Crossroads will provide follow-up review on exceptions, deficiencies and adopted recommendations.

Continuous Loan Review includes, but is not limited to, a monthly, quarterly, semi-annual or annual review of new and renewed loans. We monitor the reporting and clearing of exceptions to loan policy, procedures, documentation and servicing requirements. As part of the continuous loan review, we examine the loan portfolio's payment performance and periodic servicing requirements with special attention given to watch list and criticized loans. Crossroads Credit provides reporting to Executive Management, Board of Directors and the Audit Committee as often as the Bank desires. We offer recommendations on credit grades, general and specific loan reserves, charge-offs and loss projections as well as recommendations for resolving noted deficiencies and suggest enhancements for loan policy, procedures and controls.

A Continuous Loan Review program provides for an early warning system in the management of the loan portfolio and serves to consistently reinforce the bank's desired credit culture.

A professional and effective loan review function within the bank can help to ensure the maintenance of a quality and profitable loan portfolio, and can save many headaches and resources during Regulatory examinations.

Summary of the Benefits of Continuous Loan Review

A more current assessment of underwriting and documentation for new, renewed and modified loans.

More frequent and consistent reporting on loan quality to Senior Management and the Board of Directors.

Ability to follow up on the correction of documented deficiencies and exceptions and the implementation of adopted recommendations.

Working closely with Senior Management, it provides for continuous positive instruction and reinforcement of the desired Credit Culture.

Provides for a greater assurance that the corporate governance responsibilities of Senior Management and the Board of Directors regarding the loan portfolio are satisfactorily met.

Crossroads Credit & Portfolio Management LLC | PO Box 743 | Elkin, NC 28621 | 336-366-7700