SmartReserve™ from Equifax: Helping Lenders Prepare for CECL

November 6, 2018
The new Current Expected Credit Loss (CECL) standard is possibly the biggest accounting change ever to hit banks, credit unions and lenders.Compliance with the new standard will require lenders to make a projection of expected loss for loans they book at the time of origination. SmartReserve™, a robust data offering from Equifax, can help financial institutions comply with this new standard by providing access to the historical data they require to accurately forecast future losses and calculate the reserves required under the new standard for both current and future losses. Learn more at: https://www.equifax.com/business/smartreserve/
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