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CRE

Situs’ new strategic alliance with Radley Associates provides powerful cloud-based tool for CRE risk and analytics

Situs’ new strategic alliance with Radley Associates provides powerful cloud-based tool for CRE risk and analytics

Situs, the premier global provider of strategic business solutions for the real estate and financial services industry, today announced a strategic alliance with Radley Associates, creator of the ProMS, a leading cloud-based valuation, risk and portfolio management software for the commercial real estate (CRE) finance industry.

CRE and C&I loans are top CECL data issues for banks

CRE and C&I loans are top CECL data issues for banks

It’s common for a bank of any size to have both commercial real estate (CRE) loans and construction and industrial (C&I) loans on its balance sheet. Another commonality: most small, midsize and large banks currently don’t have sufficient data to conduct an estimated loss analysis on these assets for the new Current Expected Credit Loss (CECL) standard, which goes into effect for publicly owned institutions in 2020.