Pre/Post Audit Review
The FDIC has recently stepped up audit activities of all institutions that have acquired failed banks through the use of Share-Loss Agreements. The Agreement requires that buyers treat share-loss assets in the same manner as core assets, from a collection, disposition, and recovery perspective. Any deviation in process could subject you to future claim rejection and potential reimbursement of prior claims.
RBW has extensive "hands-on" experience in prioritizing, analyzing, and submitting claims to the FDIC for payment. Our proven experience will provide you with analysis and tracking procedures that decrease audit risk.
If you have recently been through an audit, we can assist you with implementing the right action plan for resolution of open issues and correcting documented deficiencies.