Good morning.

 

We do not use the automatic non-accrual set up.  All loans placed in this status are processed manually on an individual loan approval basis.

 

Frances Funderburg​​​​

Vice President

Loan Operations Manager

Office: 

Email: 

Website:

610-561-6010

xxxxxx@firstresourcebank.com

www.FirstResourceBank.com

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Jen Stipe
Sent: Wednesday, March 26, 2025 7:47 AM
To: xxxxxx@marug.simplelists.com
Subject: SilverLake MA-RUG RE: Accrual VS Non-Accrual

 

*** This e-mail is from an external source. Please do not open attachments or click links from an unknown or suspicious sender ***

Hi Greg,

 

We do the same as Ruth, my credit department decides which loans are put on non-accrual & when/if they are to be put back on accrual.

 

Thank you!

Jen 

 

  Jennifer L Stipe  |  SVP, Loan Operations Manager

  Office (717) 929-2205  |  Cell (717) 497-9564  |  Fax (717) 768-3494

 Check us out online at www.bihbank.com

 

     3314 Lincoln Hwy E, Suite 3

     Paradise, PA 17562

     

 

 

 

 

From: Ruth E. Daniels - rdaniels at thedime.bank (via silverlake list) <xxxxxx@marug.simplelists.com>
Sent: Tuesday, March 25, 2025 4:33 PM
To: xxxxxx@marug.simplelists.com
Subject: SilverLake MA-RUG RE: Accrual VS Non-Accrual

 

Caution! This email is from an external source. Do not open attachments or click links unless you know or trust the sender.

Greg

 

We do not have the system set to move anything automatically to non-accrual.    My collection department makes the determination of what should be moved and when.    

 

Ruth E. Daniels | VP Credit Administration Manager

PO Box 509 | 1055 Texas Palmyra Hwy, Honesdale PA 18431

570-253-1970 x7713

xxxxxx@thedime.bank

 

 

 

 

The information contained in this message and any attachments are confidential and intended only for the named recipient(s). It is strictly forbidden to share any part of this message with any third party, without the written consent of the sender. If you believe you received this message by mistake, please notify the sender by replying to this message and then delete the message.

 

From: Gregory O'Guin - Gregory.O'Guin at carverbank.com (via silverlake list) <xxxxxx@marug.simplelists.com>
Sent: Tuesday, March 25, 2025 3:42 PM
To: xxxxxx@marug.simplelists.com
Subject: SilverLake MA-RUG Accrual VS Non-Accrual

 

Notice: External E-mail. Do not click on links or open attachments unless you trust the sender.

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 – 7th 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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