I have assumed you are seeking input on Commercial Loans. Below is the criteria we have established and any of these changes would require approval at a level equal to the authority needed to approve the original loan.
Jeffrey Bajek's reply is a good analysis in the control of field audits or exams for RLOC;however,in some 45 years of experience in the servicing of these loans for banks there is one area I would like to comment on. These credits should come under...
I am starting the dialogue internally about defining a material change. I know this is a difficult topic to define, but I would appreciate feedback on how everyone defines a material change and approval of material changes.
Next in-person meeting for this group is scheduled for February 26, 2015 in Washington, D.C. Please check the library folder for meeting invitation and registration form.