Good lending practice depends on checklists ' in fact, a checklist of checklists.
Consider:
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The bankers have to review all the mandatory due diligence, and analyze the prospective borrower's financials and business.
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The asset valuations must show collateral meeting the loan-to-value ratios.
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The lending lawyers must make sure that the loans have been approved with all required corporate formalities, and that the bank's liens have been properly created and recorded.
“Safety in lending” starts with simply making sure that everything on the list has been done,
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