NORTHRIDGE, Calif. —The CEO of a CUSO here has published a white paper offering strategies for navigating loan risk management during the economic downturn.
Craig Page, president and CEO of Extensia Financial, a CUSO that specializes in commercial real estate lending opportunities, said the white paper is a “detailed and effective approach to helping companies review risk management data, trends, and options, while outlining the practicality of proactive communication, purposeful engagement, and other risk management strategies.”
Page, who has 30-plus years’ experience in commercial real estate, said the paper follows an influx of calls for payment relief as a result of the economic impact of the COVID-19 pandemic, and that he wanted to provide some tools to assist lenders who find themselves dealing with similar situations.
“The uncertainty of the past few months compelled me to address the concerns of many in the lending community. I felt a desire to share a number of Extensia’s tools and strategies, such as ongoing data assessment and proactive and transparent communication that can allay apprehension and help us prepare ourselves and our borrowers for the future,” said Page in a statement.
The white paper can be found here.