- A negative change in credit score
- Additional UCC filings
- Recent bankruptcies
- Adverse environmental issues on the property securing the loan
- Plus a number of other risk areas
Any time an alert on your borrower is received, it will be sent to you via email, along with an explanation of the meaning, and suggestions for appropriate follow-up.
These frequent updates give credit unions an improved means of knowing whether there are adverse events that occur for their borrowers. This is an excellent credit practice, and of great value when talking to your examiners.
To learn more about CUBG’s enhanced risk monitoring services, email us at email@example.com.