Product News: Software
Financial Software analyzes commercial real-estate loan portfolios.
Press Release Summary:
December 20, 2010 - CREInsight helps community banks conduct stress test analyses of commercial real estate loan portfolios. To satisfy regulatory demands, tests utilize what-if scenarios to simulate how loans are affected under varying economic conditions. Hosted solution can test loans based on property vacancy changes and includes specific interest rate function that helps anticipate impact of rate changes. Date fields for financial components help report on aging of financial data.
Original Press Release
Ardmore Banking Advisors Upgrades CREInsight(TM) CRE Stress Test Functionality
Press release date: December 15, 2010
- The ability to test according to property vacancy changes. Additional reports, user-defined filtering fields and other functions were also added.
- A new specific interest rate function. Industry regulators warn that a change in interest rates is imminent. Banks can now anticipate that impact.
- Additional date fields for financial components, special aging reports: These help banks understand how the age of their financial data can impact the "normalizing" of CRE portfolio segment financials, and how they affect the "reasonableness" of stress scenarios. "Our clients' input is truly valuable. It's the main motivation for refining the product," said Peter Cherpack, Ardmore Banking Advisors' Senior Vice President and Director, Credit Technology Solutions. "We believe that improving stress-testing tools in turn helps improve CRE risk management for the banking community we serve." Existing CREInsight customers will receive the software in the next 30 days at no additional cost. For more information about the CREInsight product and services, visit ABA's stress testing blog/FAQ site, www.creditcentricstress.com or its corporate website www.ardmoreadvisors.com. About Ardmore Banking Advisors Ardmore Banking Advisors, Inc. has provided risk management and credit consulting services to hundreds of financial institutions since 1991 providing loan review, risk management and credit consulting and technology services to regional and community financial institutions across the country. Contact:
Ardmore Banking Advisors, Inc.
+1-484 417-2081 SOURCE Ardmore Banking Advisors, Inc. Web Site: www.ardmoreadvisors.com