Working on implementing CECL this year. Torn on the level of service I want.

I have a low budget with great internal resources. I am a CPA with a strong (2+ yr) CECL background. I also have CFA/MS Comp Sci, VP FP&A and two senior credit professionals on my team.

But we have no full life-cycle or economic cycle historical data to do any vintage analysis or anything like that. We definitely need macroeconomic data too and help forecasting.

Cont.

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But I don’t know if I want full service from loan balance to reserve like an Abrigo, or just economic scenarios like Moodys provides.

I’ve had meetings with many services/softwares and that’s a big decision point im torn on

Abrigo probably will make your life easier. If your going on your own you are going to need to source your own historical data from peers including prepayment/curtailment rates. Also will need to determine the best MEV through a stepwise test probably. And also going to need to set up a monitoring control to adjust MEvs given thresholds. Abrigo has a lot of that documentation done but you will still need to pick peers and whatnot.

Moodys might be better if your portfolio is more complex ie multinational or you want a more complex model

Yeah that’s the thing I think we could do it alone except for model validation, gap-fit analysis and all your explained above

anyone have any ideas on how services compare on pricing? I have demos and quotes next week but I’m just curious

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