Additional Services

We review criticized or classified loans, delinquencies, non-accruals, restructured transactions, new and renewed commitments, and other borrower related credit exposures. We test the adequacy of the allowance for credit losses as well as reviewing the organization's lending policies and procedures and overall lending process. Our review includes the credit files, internal loan reports, and testing the loan documentation for completeness and accuracy.

Independent validation will be required for models developed in-house or by a third party. For most organizations, validation will be required at least annually. For your financial statement impact, a best practice is an annual or periodic validation to understand any material impacts. We can develop a  CECL model validation to include a wide range of procedures including model governance and compliance, data inputs, and model assumptions. 

From interest rate risk, financial statement software and liquidity validation to validation of your BSA/AML software, TCC Consulting Services can work with you to ensure regulator expectations are met.

Our interest rate risk (IRR) review  encompasses several key areas, including the adequacy of internal controls, the appropriateness of the risk measurement system, the accuracy of data inputs and assumptions, the reasonableness of interest rate scenarios, and the validity of risk measurement calculations.

Our Liquidity Risk Management (LRM) review encompasses a comprehensive assessment of an institution's ability to meet its cash flow obligations, ensuring it can withstand potential liquidity stress. It reviews various aspects, including the institution's policies, procedures, measurement systems, and contingency plans, to determine the adequacy of its LRM practices in relation to its size, complexity, and scope of operations. 

All institutions (each ABA and RSSD ID) utilizing a FedLine Solution, either directly or indirectly through a service provider or other agent, are required to complete an attestation of their compliance with the Federal Reserve Bank’s FedLine security requirements. We can customer our review to perform your independent validation or complete a full review of your FedLine security controls, ensure those controls are in placed, and determine the controls are effective.

HMDA violations ranked among the top compliance issues in 2024. Scrubbing HMDA data is a crucial process for financial institutions to ensure the accuracy and compliance of the data entered on the HMDA LAR. We can assist your staff to ensure the data entered on your LAR is consistent and accurate.