PRA vs. other CECL other vendors

Does The Provider…

Platinum Risk Advisors

Other Providers

Provide CECL calculations using multiple methods?
Many CECL vendors use only 1 CECL calculation method.
Provide management reports to evaluate the inherent risk in your loan portfolio?
To our knowledge only one other CECL vendor provides similar reports. This vendor however charges an extra fee for this service.
Uses an extensive number of loan types in the CECL calculation and management reporting?
Several CECL vendors simply use the call report loan types or a very limited number of loans types. Such approach is expected to make the CECL accrual non-compliant.
Includes reports allowing you to evaluate the performance of your loan officers?
Include an actuarial report on the validation of your quarterly ALL calculations

This is very valuable in protecting your senior management and Board of Directors should your institution ever get into financial difficulties.

Provides actuarial studies to help you in establishing your subjective adjustments to the ALL

To our knowledge, no vendor is attempting to provide the necessary support for the “judgment” used in setting the subjective adjustments to the ALL calculation.

Does the provider…

  • Provide CECL calculations using multiple methods?

    Platinum Risk Advisors – Yes

    Other Providers – Many CECL vendors use only 1 CECL calculation method.
  • Provide management reports to evaluate the inherent risk in your loan portfolio?

    Platinum Risk Advisors – Yes

    Other Providers – To our knowledge only one other CECL vendor provides similar reports. This vendor however charges an extra fee for this service.

    Provide management reports to evaluate the inherent risk in your loan portfolio?

  • Uses an extensive number of loan types in the CECL calculation and management reporting?

    Platinum Risk Advisors – Yes

    Other Providers – Several CECL vendors simply use the call report loan types or a very limited number of loans types. Such approach is expected to make the CECL accrual non-compliant.
  • Uses an extensive number of loan types in the CECL calculation and management reporting?

    Platinum Risk Advisors – Yes

    Other Providers – No

    Uses an extensive number of loan types in the CECL calculation and management reporting?

  • Include an actuarial report on the validation of your quarterly ALL calculations

    Platinum Risk Advisors – Yes

    Other Providers – No
    This is very valuable in protecting your senior management and Board of Directors should your institution ever get into financial difficulties.
  • Provides actuarial studies to help you in establishing your subjective adjustments to the ALL

    Platinum Risk Advisors – Yes

    Other Providers – No
    To our knowledge, no vendor is attempting to provide the necessary support for the “judgment” used in setting the subjective adjustments to the ALL calculation.

    Provides actuarial studies to help you in establishing your subjective adjustments to the ALL