Independent Analytics

Independent Analytics is an underwriting firm created in response to the credit crisis that specializes in analyzing and underwriting loans for the banking industry. By outsourcing underwriting not only do banks get an unbiased, professional, thorough and expedient analysis of various loan prospects, but lower labor and health care costs as well. Independent Analytics also offers a wide array of ancillary services including:

Philosophy

Independent Analytics was founded on three principals:

Cheaper – There is no shame in being cheaper. Loans can be underwritten for a fraction of the cost and time it traditionally takes and the savings passed onto you. Not only will you save time and money, but also health care costs and office space by contracting the services of Independent Analytics.

Better – Very simply the quality and caliber of both the analysis and writing is better than what you will find from any other bank. I’ve seen reports exceeding 30 pages that could have been written in 7 pages. The writing is succinct and to the point conveying all vital and relevant information you need. And the analysis is comprehensive, looking at not just the borrower but the market, economic conditions and the outside environment. Additionally all the reports and ratios are standardized meaning you don’t have to worry about converting or adjusting them, nor adapting to a new report format every month.

Independent – Arguably the most important philosophy of Independent Analytics is the independence of my work. I work independent of bankers, customers and clients and therefore have no vested interest in producing a certain result. This means the reports, research and analysis is void of any bias and represents the true credit risk of your loan, the true conditions of the market, and are in the true best interests of your bank.

Products and Services

Underwriting/Report Writing

Tired of underwriting loans? Paying handsomely for analysts to do your underwriting? Or do your bankers do the underwriting themselves spending more time writing reports instead of drumming up new business? Well outsource the mundane task of underwriting to Independent Analytics. Independent Analytics will analyze and underwrite all your loans for you, not only freeing up your labor to pursue more profitable pursuits, but saving you significant health care costs by contracting out your underwriting. Reports are standardized, unbiased and succinct furnishing you with all the information you need to make a wise funding decision.

Annual and Quarterly Reviews

Falling behind on your annual and quarterly reviews? Not anymore. Not when you have Independent Analytics. Procrastinate no more and catch up on those annual and quarterly reviews. Independent Analytics will interview your borrower, gather financial statements and write a review meeting the demands of auditors and your own internal credit control needs.

Site visits/Interviews/Investigation

Don’t have the time or energy to drive out to that client? Want a set of attentive eyes on the ground that can pick up what Google Satellite can’t? Or do you just want to find out what’s going on with your borrower and your collateral? Sit back, relax, and give Independent Analytics a call.

Economic/Market/Industry Research

An underappreciated forte of Independent Analytics, economic and market research is one of the best and most beneficial services you could use. No bank needed to suffer from the current housing crash. Simple economics and market research would have predicted it years ago allowing you to position yourself and minimize your losses, as well as give you and edge over your competition today. No doubt you are affected by the collapse of the housing market today, make it less painful, contact Independent Analytics.

Appraisal and Audit

Not too sure about that last appraisal you received from that appraiser you never heard of? Fear some loans may have been made on an appraisal that may have been overvalued? Worried that your collateral is not enough to cover the loan? Well worry no more and enjoy peace of mind when you have your appraisals audited. We’ll go through and check in detail the assumptions, calculations, comparables and all other aspects of the appraisal to make sure that the value listed is fair, accurate and represents the true market value of that property. Worry about impaired or undervalued collateral no more. Use Independent Analytics.

Education and Training

You might already have credit analysts in a credit department. But could they use a little refresher course? Maybe learn some new techniques? How about incorporating technology to streamline the credit analysis process and make their jobs easier? Allow Independent Analytics to share the tricks of the trade. We’ll make your analysts better, their jobs easier, and both of you will thank us for it.

Seminars and Consulting

Think your staff would benefit from a seminar on economics, the housing market, valuations, appraisals, financial models or underwriting techniques? Then consider hiring Independent Analytics to not only educate but help your staff understand what they need to know to become better and more informed employees. Choose from a selection of seminars on popular topics that already exist, or request a seminar based on a topic or issue you wish researched. Independent Analytics will then go and research the topic and present its findings.

Modeling/Spreading Software

Tired of spending thousands of dollars a year on the likes of Baker Hill, RMA and other software? There’s no need. Independent Analytics will design and program your own internal analytical model. Additionally it will incorporate it into your report writing, streamlining your underwriting process and saving you literally hours in labor and thousands of dollars.

If you are interested in contract the services of Independent Analytics or are interested in learning more, please feel free to contact me.