Have you ever found yourself saying; “BUT OUR ESTIMATES ASSUME GUIDELINES ARE FOLLOWED!”
When it comes to loans, lenders must know the likelihood of repayment, whether collateral exists and what it is worth relative to the value of the loan. That's why there are guidelines! But what happens when there are deviations from the guidelines? In a word, PROBLEMS. In Part III of his series, Charles D. Cowan, Ph.D. describes the impact of misstatements, mis-valuations and macroeconomic changes which directly affect the likelihood of losing or gaining money.
Guidelines are the means of determining whether to make a loan. When a borrower doesn't meet the guidelines, this indicates
that the lender doesn't think the borrower is sufficiently creditworthy. In other words, the loan is too risky to make. So risky, in fact, that we don't know how great the risk is we just know it's beyond the bounds that the lender deems acceptable.
What can Harleysville Insurance Company v. Holding Funeral Home, Inc. teach you about privilege and eDiscovery?
HR professionals and companies are getting serious about People Analytics. The use of analytics doesn’t have to be scary! Use these 9 tips to begin the process of implementing a data-driven approach to managing people in the workplace.