We are proud to introduce a new line of business through an affiliated organization of Young & Associates, Inc.: Y&A Credit Services, LLC. Y&A Credit Services is a full-service provider of outsourced underwriting and credit services and offers various commercial underwriting and credit services such as: Commercial Credit Underwriting and Credit Approval Presentations Annual Underwriting...
What is the overall condition of your commercial loan portfolio? Do you focus on net charge-offs? Delinquencies? Financial statement exceptions to policy? Number and level of TDRs and non-accruals? The percent of the ALLL to total loans? While all of these broad measures can be helpful, the number and nature of grade changes coming from...
We are pleased to announce that Dave Dalessandro has returned to Young & Associates as a Senior Consultant, where he concentrates on lending consulting and education. Dave brings over 34 years of banking, regulatory, and industry experience to the company. Building on financial and tax basics from an accounting degree at Penn State and work...
There is risk in every aspect of the banking industry and the regulatory environment seems to continually change. As to the governance and control functions of the industry, it may be refreshing to the board of directors, audit committee, and executive management to have their internal audit function re-assessed and validated though a fresh set...
The Consumer Financial Protection Bureau (CFPB) celebrated Halloween in 2012 by releasing its updated Supervision and Examination Manual (version 2.0). The manual includes updated examination procedures for assessing compliance with Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) rules. The updated examination procedures give bankers a guide for what their examiners will be looking for...
Fannie Mae predicts $2.72 trillion in mortgage originations in 2021 and $2.47 trillion in 2022. They anticipate purchase volume to go from $1.53 trillion in 2020 to $1.6 trillion in 2021 and $1.64 trillion in 2022. The U.S. mortgage industry earned an average profit of $4,202 per loan on its way to record volume and...
Don Stimpert has joined Young & Associates, Inc. as a Consultant and Manager of Secondary Market QC Services. Having over 38 years of experience in the banking and finance industry, Don recently joined the company and manages the day-to-day operations of the quality control department and performs post-closing audits, including APR audits, ensuring that secondary...
By: Gina Sherock, Senior Consultant, and Rachel Disko, SHRM-CP, Senior HR Business Partner Over the past several years, there has been an increased and sustained focus on workplace diversity. If this has not been something focal to business strategy in the past, leaders are wondering where they should start and why. The answer to this...
View and download the Young & Associates 2022 Rescission Reference Chart to assist your lenders in preparing the Notice of Right to Cancel. Please forward this document to someone in your organization who will use this helpful tool. For 43 years, Young & Associates has provided consulting, training, and practical tools for the banking industry....
By: William J. Showalter, CRCM, CRP, Senior Consultant We have been dealing with the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) since 2010, and yet questions surface or confusion still exists over SAFE Act requirements. “A loan clerk quotes loan rates from a non-public rate schedule, along with payment amounts for inquiring...
