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LSCI’s Smart Loan Audit provides an independent review of your lending decisions designed to identify risk, strengthen loan development, and uncover opportunities to make more well-supported loans.
Our Audit Team takes a holistic approach, evaluating the member’s overall financial picture rather than focusing on a single ratio, credit score, or lending factor. We aren’t looking for reasons to criticize a decision. Instead, we look for information that may have been missed, risk that could have been further developed, and mitigating factors or alternatives that may have helped a loan work.
Every credit union is different, which is why our audits can be customized around the areas that matter most to your organization.
In addition to traditional loan audits, LSCI can provide focused reviews of:
Declined Loans | Auto & Recreational Lending | Unsecured Lending | Debt Consolidation | Collections | Charge-Offs
Collection and charge-off reviews can be especially valuable in identifying common trends and risk factors in loans that later experienced repayment challenges or losses.
The real value comes from putting the findings to work.
Following the audit, our team meets with your lenders and underwriters to review the results, discuss actual loan scenarios, answer questions, and provide practical guidance using your credit union’s own loans.
The goal is not simply to identify what happened. It is to help your team understand why it happened, what may have been done differently, and how that knowledge can strengthen future decisions.
Our goal is to provide your credit union with an independent second set of eyes—helping you identify risk, uncover lending opportunities, strengthen member relationships, and continue developing confident, consistent lenders and underwriters.
LSCI’s Smart Loan Audit is priced per loan, allowing credit unions of all sizes to participate. The scope and size of the audit can be customized to accommodate your credit union’s specific needs, priorities, and budget.
