Accounting for Purchased Loans

Sageworks Accounting for Purchased Loans is an add-on to Sageworks ALLL and helps bankers account for loan portfolios that have been purchased through mergers and acquisitions. With this solution, institutions complete their ALLL and accounting for purchased loans on one platform, for comprehensive reporting and efficient data management. Download Product Overview

  • Reduce the amount of time and resources spent accounting for purchased loans
  • Comply with ASC 310-30 (SOP 03-3) and ASC 310-20 (FAS 91) requirements
  • Bring the accounting process in-house for a more transparent methodology
  • Satisfy reporting needs, including ASC 310-20 and ASC 310-30 disclosures
  • Generate comparison scenarios or projections for strategic and contingency planning

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