Accurately estimate and report ALLL
The new CECL standard significantly changes the way that banks estimate and report the allowance for loan and lease losses (ALLL). Crowe Credit360 for CECL offers a holistic credit risk solution that goes beyond model validation to provide process transparency and meaningful insights, enabling:
- Confidence in CECL calculations prior to the effective date or audit
- Actionable insights through a toolkit of CECL models for methodology and documentation assessments
- Scenario modeling to validate CECL reserves and view the effect of alternative methodologies or segmentation
- Sophisticated data visualization for evaluating credit risk drivers, portfolio concentrations, and loan pricing imbalances
- An understanding of model performance through back-testing and sensitivity analysis
- Transparency, efficiency, and reliability via period-over-period data cleansing, standardization, and automated data anomaly detection