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Field Exam Plus is a unique approach to collateral reviews which enables lenders to obtain a more thorough and timely
assessment of risk exposure. While traditional field exams are check-list driven and often performed by low cost providers or
in-house staff with less diversified professional experience, Field Exam Plus offers a more risk based approach
with customized procedures based on our risk assessment, performed by an experienced team of
professionals possessing extensive multi-dimensional experience in restructuring, liquidation, workouts, diligence and forensics.
Our Field Exam Plus customized service is warranted in higher-risk situations, such as:
- Declining financial performance by borrower;
- Liquidity constraints/limited availability;
- Inadequate reporting systems and/or weak control environment;
- Borrowing base includes higher risk collateral;
- Complex accounting methodologies;
- Concerns over proper valuation of collateral (i.e. appraisals/dilution);
- Distressed economic/industry conditions;
- Integrity concerns;
- High management turnover and/or vacant finance positions;
- Pre-funding diligence for larger loans.
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