Enlighten Financial Success Case Studies

Enlighten Financial is focused on delivering solutions to the challenges our clients face. Please select from the links below to see first-hand how we’ve helped.

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Loan Review

Challenge #1

The Senior management team or board of directors of a financial institution sought independent confirmation that loan policies and procedures were properly followed, and risk ratings were accurately assigned.

Enlighten Financial Solution

Enlighten Financial’s loan review services independently reviewed the organization’s processes and procedures, ensuring risk ratings were properly identified and assigned; credit underwriting was tested to confirm the organization had identified and mitigated risk in the underwriting process; a review was completed to ensure loan policy is followed appropriately, and industry best practices were identified to improve overall efficiencies while remaining proactive in the management of the loan portfolio.  This comprehensive process identified weaknesses before they became material to the organization’s financial performance or before they became larger challenges.  Our process may also have identified unknown issues for management to address.

Challenge #2

Senior management wanted to ensure the organization’s consumer underwriting followed policy and procedures.

Enlighten Financial Solution

Enlighten Financial’s consumer loan review services independently reviewed and assessed the financial institution’s consumer underwriting process, reviewed the analysis, calculations and supporting materials which determined the organization’s lending decision.  The process identified potential concerns with current loans, identified deficiencies in the underwriting or loan approval process, and pinpointed areas for improvement in the ongoing consumer underwriting program.


Due Diligence

Challenge #1

A financial institution was acquiring another financial institution or specific loan portfolio and needed to independently confirm the quality of the target loan portfolio, the nature of the underwriting and understand potential losses or areas of increased risk which could impact the purchase price or health of the loan portfolio.

Enlighten Financial Solution

Enlighten Financial’s due diligence services worked on behalf of the acquiring financial institution, reviewing areas of risk in the target loan portfolio before the acquisition is complete.  The process was discreet, efficient and effective in identifying unknown loan grading concerns or estimated impairment.

Challenge #2

A financial institution was in the process of merging into a larger organization.  The board of directors wanted to ensure the existing loan portfolio of the larger organization was of sound credit, with risk ratings and potential losses appropriately identified.

Enlighten Financial Solution

Enlighten Financial worked on behalf of the financial institution to provide reverse due diligence service for the institution being acquired.  The process provided independent feedback regarding the quality of the loan portfolio and credit administration process to provide the organization with necessary information to appropriately structure or price the transaction.  The process may have identified organizational cultural items that could impact the customer base of the institution being acquired.


Credit Administration Consulting

Challenge #1

A financial institution was looking to test and independently verify the current risk rating model used in the process to risk rate commercial loan relationships.

Enlighten Financial Solution

Enlighten Financial tested the current risk rating methodology output to the bank’s risk rating definitions and examiner expectations.  If appropriate, Enlighten Financial recommended changes in weightings, categories, or definitions as identified in the risk rating methodology to more closely align actual practices with loan policy and examiner expectations.

Challenge #2

A financial institution was looking to have its loan policy independently reviewed for consistency and updated based on best practices in the industry.  Bank management and the board of directors were looking for peace of mind that the organization’s loan policy met examiner expectations and industry standards.

Enlighten Financial Solution

Enlighten Financial reviewed the organization’s current loan policy, making recommendations for potential changes based on industry standards as well as examiner expectations.  These recommendations were also based on our extensive experience identifying best practices employed by our customers.

Challenge #3

A financial institution was looking to train staff on a specific topic due to examiner feedback or changes in the industry.

Enlighten Financial Solution

Enlighten Financial developed topic-specific training relevant to the organization to improve the team’s performance in meeting regulatory guidelines.  The result was improved assurance for conformity with examiner expectations and regulatory guidelines.


Commercial Credit Underwriting

Challenge #1

A financial institution maintained a limited credit team, may have had a temporary reduction in underwriting capacity or utilized loan officers to underwrite and analyze loan opportunities, which reduced independence in the loan underwriting process and utilized a high-cost resource for a lower-cost process.

Enlighten Financial Solution

Enlighten Financial provided a customized credit underwriting and analysis process structured to meet the unique goals of the organization.  Our team of highly trained credit analysts and risk management professionals provided the information necessary for the organization to make well-informed credit decisions while delivering the services in a flexible, cost-effective manner.  Enlighten could be used as a full-time credit function or as a variable function for a specific industry, loan size, or overflow.

Challenge #2

The financial institution’s current credit team may not have had the level of experience necessary to consistently identify risk in the credit underwriting process.  Their knowledge base may have been the result of limited experience within specific industries or the result of a newly formed credit department or recently hired analysts.

Enlighten Financial Solution

Enlighten Financial’s team of risk management professionals reviewed the credit analysis performed by the organization, providing valuable independent feedback on areas of potential improvement.  The process worked to provide the organization with a better underwriting product while providing real-life training opportunities for the analysts.

Challenge #3

The financial institution’s annual reviews were behind schedule due to limited resources in the credit department and prioritization of new loan opportunities and renewals.  As a result, the organization’s annual review program was behind schedule and at risk of being out of compliance with loan policy and the risk management practices required by the board of directors.

Enlighten Financial Solution

Enlighten Financial’s team of credit professionals provided underwriting and analysis services in the annual review process of the bank.  The process helped to identify areas of concern in the loan portfolio and maintains compliance with the organization’s loan policy and risk management practices.


Alll Validation

Challenge

A financial institution was looking for an independent review and assessment of the current ALLL process to remain in-line with the organization’s policy and procedures, examiner expectations, and industry best practices.

Enlighten Financial Solution

Enlighten Financial’s ALLL validation process independently assessed the organization’s ALLL calculations and processes, ensuring compliance with loan policy, industry best practices, and examiner expectations.