Ruth E. Daniels | VP Credit Administration Manager PO Box 509 | 1055 Texas Palmyra Hwy, Honesdale PA 18431 570-253-1970 x7713 xxxxxx@thedime.bank

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Good Afternoon All,

 

What is your process for commercial mortgage loan accrual vs non-accrual?

 

For example, currently when a loan goes 90 days past due, the system places the loan in non-accrual status. If/when a payment is made that reduces the past due days below 90, the system will place the loan in accrual status.

 

Is this the process you use, or do you treat your commercial mortgages differently based on risk rating, DSCR, covenant monitoring, etc.?  If so, how do you track accrual vs non-accrual for those loan types; manually?

 

Thanks
Greg

 

Greg O’Guin (he/him)

FVP | Director of Loan Operations & Asset Recovery

Carver Federal Savings Bank

1825 Park Ave – 7^th FL

New York, NY  10035

P: 212-360-8809

F: 212-426-6155

E: xxxxxx@carverbank.com

https://link.edgepilot.com/s/961cc916/eXxAUNVqcUaQPl16c0bpTg?u=http://www.carverbank.com/

NMLS ID:  2193066

 

PAY YOUR MORTGAGE HERE

UPDATE YOUR INSURANCE HERE

 

 

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