United Bank | Finding the Right Fit
The Challenge: Finding the Right Fit for an Allowance Partner
When United Bank, Hartford, CT, set out to find a solution for automating their allowance they reached out to multiple software solutions. Nathan Kelley, SVP Credit Risk & Reporting, says, “When we started looking it became apparent that we wanted a partner with a focus on the allowance. We knew big changes were coming [CECL], so the specific focus on the allowance was a must.”
The Solution: MST Loan Loss Analyzer and the Abrigo Team
United Bank chose the MST Loan Loss Analyzer back in 2015 because of the dedication and focus on the allowance, but what they say they've found during the partnership is that "the people at Abrigo make all of the difference. Abrigo hires talent. They have an incredible depth of understanding and practical knowledge of the allowance now under the incurred loss model and what it will be under the current expected loss model."
