Our CECLcomp model translates all of the theory and vague guidance into an actual solution that is simple enough to understand but sophisticated enough to meet regulatory requirements, without the over-complication or the unnecessary expense.
Clear, actionable layout
Get a snapshot of your entire CECL report at a glance. Drill down into loan and pool level details, download summaries for directors, and instantly see the impact of your adjustments, all in one intuitive dashboard.
Statistically meaningful data
We analyze robust historical loss data by loan type, using peer group benchmarks. This gives you a comprehensive, statistically meaningful look at loan loss trends, even for pools with little or no losses.
Understand your projections
Customized forecasts for each loan type, based on objective economic indicators. Every adjustment is visualized, so you can clearly explain your numbers to board members and regulators.
Questions we get about CECLcomp
- Is the model easy to explain to our board, auditors, and examiners?
- Yes. We provide detailed calculation support, drill-down capability, and documentation. This is not a black-box calculation.
- What do regulators think of the model?
- We have around 350 banks running CECLcomp, and we have heard only positive feedback from regulators. We are happy to meet with your examiners to walk through the model and answer any questions.
- What if our bank does not have enough loss history?
- The model uses peer-bank loss data as a starting point. The peer group is customizable, and you can adjust the weighting of your own losses in relation to the peer group.
- How does the model handle forward-looking adjustments?
- We use economic indicators and loan-type-specific regression analysis to translate changing economic conditions into a transparent forecast of expected credit losses
- Are the model assumptions flexible?
- Yes. Your team keeps control of settings such as look-back periods, prepayment rates, minimum loss rates, and more.