As a firm dedicated to providing services to independent financial institutions, Weldon Jordan & Associates works with numerous financial institutions on all facets of various services required to be a successful financial institution. Our unique approach to providing only the services needed by your financial institution can reduce your costs for professional services. The following list summarizes the most requested consulting services:
Loan Reviews - Review of select customer loan files to evaluate credit quality and proper loan file documentation.
Quality Control Reviews - Reviews of select loans for compliance with Freddie Mac, Fannie Mae, FHA, or FHLB quality control guidelines.
FHLB Collateral Audits – Examination of loan records to determine compliance with FHLB collateral requirements.
IT Controls Reviews - Evaluation of general and application controls in financial institutions IT departments.
Conversion Assistance - Assistance in planning, testing, and establishing controls for conversion of various applications to a new IT system
Holding Company Formations - Preparation of Form Y-1 and consultation with regulators relative to obtaining approval.
Sale of Financial Institutions - Services include assistance in determination of stock value and analysis of purchase proposals.
Acquisitions - Analysis of prospective financial institutions and branch acquisitions, including purchase value, tax ramifications, and projected financial statements. Preparation of pro forma financial statements and other related data necessary for regulatory approval.
Capital Adequacy - Assistance in preparation of financial information for offering circulars to obtain additional capital, including meeting with regulatory authorities relative to capital requirements.
Special Fraud Examinations - Including determination of loss, preparation of documentation to support refund claims and working with bonding companies and legal counsel regarding settlements.
Secondary Market Program - Assistance in establishing a Freddie Mac or Fannie Mae loan program and in complying with quality control and reporting requirements.