Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Loan Pipeline Report

A loan pipeline report helps stakeholders understand the financial institution’s current lending opportunities. Loans within such a report are typically organized by “phases” or “stages,” which makes it easier to identify loans that are close to closing, newly added, or stuck in the pipeline. 
Examples of loan pipeline phases may include:

  • Credit analysis
  • Underwriting
  • Waiting for customer
  • Approved
  • Turned down
  • Qualified

Some banks and credit unions also use loan pipeline reports to track renewals, such as a renewal for a revolving line of credit to fund a customer’s short-term working capital.

Who Uses a Loan Pipeline Report (and Why)?

Numerous stakeholders at a bank or credit union could benefit from a loan pipeline report. Here are a few examples:

Senior Management: A member of senior management might use the loan pipeline report to forecast future revenue and develop realistic goals for the financial institution.

Credit Officer: Renewal data in the loan pipeline report would be particularly useful to the credit officer for preventing delinquencies.

Lending Manager: Lending managers—especially those in the commercial and agricultural segments—rely on loan pipeline reports to monitor lender productivity and ensure healthy operations.

Accounting and Finance: Accounting and finance teams might check the loan pipeline report to support forecasting and budgetary activities.

Structure of a Loan Pipeline Report

Loan pipeline reports consist of rows and columns of data. Typically, each row reflects one lending opportunity, while the columns contain loan-specific data, such as:

  • Amount requested
  • Term
  • Collateral being offered
  • Phase or stage
  • Expected close date
  • Lender

Preparing Loan Pipeline Reports

Some financial institutions still rely on spreadsheets to track lending opportunities. This approach requires considerable coordination between lenders and their managers and opens the door to data entry oversights.

Ideally, loan pipeline reports would be the natural byproduct of a more technologically advanced workflow. Using a system like AccuApproval helps to standardize loan application tracking and approval, which therefore simplifies loan pipeline reporting. Instead of tracking down lenders to update spreadsheets, stakeholders can instantly view loan pipeline reports because the data is already in the system.

Additional Lending Resources

Browse additional banking definitions or download a free whitepaper from our resource library. Check out our blog for more loan-related content.

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