Due Diligence – Commercial Loan Portfolio Review

CrossCheck was engaged to perform a due diligence review on an acquisition target’s commercial loan portfolio and other real estate owned to assess asset quality, collectability, and potential credit risk prior to purchase. CrossCheck’s review uncovered the lack of both adequate loan monitoring and basic loan administration procedures. This independent assessment allowed our client, the acquiring bank, to proceed with the transaction informed of the potential risks inherent in the portfolio.