Financial Examiner how-to
How to Review a Commercial Loan File in an Exam
Loan review tests asset quality.
Quick answer
Loan review tests asset quality. In short: read; check; review, then complete the remaining steps below.
Step by step
Read the credit memo.
Check financials.
Review collateral.
Check covenants.
Assess repayment.
Assign a grade.
Safety reminders for financial examiners
- Protect confidential supervisory information
- Avoid conflicts of interest
- Follow travel safety
- Report wrongdoing
Key terms
CAMELS · Capital adequacy · Asset quality · Call report · BSA · AML: see the full financial examiner glossary.