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Services

Policy Development

Environmental Policy is the first step to mitigating environmental risk.  ERI has worked with numerous lenders to develop individualized environmental policies that fit within the client banks’ existing procedures and organizational structures.  ERI also updates and revises existing policies to incorporate changes in individual corporate risk tolerances and industry developments.  By building off of the client banks’ existing architectures, ERI works to develop policies that require fewer resources to implement, ensure efficiency in the environmental review function, and appropriately mitigate environmental risk.

Policy Implementation and Monitoring

Once familiar with an individual bank’s environmental risk policy, ERI advises lenders on the proper level of due diligence their institution requires based on the type of loan, property usage and potential risk.  ERI’s knowledge and expertise streamlines the due diligence process while implementing   the client bank’s environmental risk policies and programs.  ERI policy implementation and monitoring service saves lenders time and minimize expense while maintaining business goals.

Third Party Environmental Report Review

The most common method of identifying environmental risk is through traditional site specific investigations such as Phase I & Phase II Environmental Site Assessments, Remedial Action Reports, and Regulatory Agency Correspondence.  ERI’s professionals have extensive experience in environmental assessment and remediation of a vast array of commercial and industrial properties.  Our reviews include remedies and plans of action to mitigate identified environmental risks.  Utilizing their extensive environmental risk management experience, ERI staff can communicate complicated regulatory and environmental risks clearly so that lenders, syndication partners and borrowers can make prudent business decisions. 

Multiple Site Portfolio Review

ERI provides many lenders the extra capacity to quickly process large portfolio transactions.  We work with an urgency and dedication that is needed to process portfolio projects in a timely manner.  The property information and environmental risks are efficiently communicated in a modified format for multiple sites which enable lenders to interpret the environmental concerns quickly, pursue remedies for identified concerns and process entire portfolios efficiently.

SBA Approved Records Search with Risk Assessment (RSRA)

An RSRA is a site screening tool prepared in accordance with environmental requirements detailed in the SBA SOP.  This report provides a lender with a brief site history along with known current and past regulatory issues without the time and expense of a site inspection.   Clients receive the following information from an RSRA in report form:

An RSRA report prepared in accordance with SBA requirements provides ERI’s professional opinion regarding the potential risks associated with the property along with the required SBA approved methods to resolve any identified concerns.

Historical Records Search with Risk Review (Desktop Review)

A Desktop Review is another site screening tool that provides a lender with a brief site history along with known current and past regulatory issues without the time and expense of a site inspection.   Clients receive the following information from an ERI desktop review in report form:

ERI’s professional opinion regarding the potential risks associated with the property transaction is presented in the desktop review along with potential remedies for resolving outstanding concerns.

Regulatory Database Search and Risk Review

A Regulatory Database Report is intended to determine if a collateral property or any adjacent properties have been listed on any state, local or federal databases.  ERI generates regulatory database reports which detail the documented environmental listings for the subject site and surrounding properties.  ERI reviews this report,  evaluates the findings, and summarizes the potential impacts to the collateral property in an environmental  risk memorandum.  The environmental  risk memorandum offers a plan of action to resolve identified environmental concerns.

Training

From current environmental topics to internal policy questions, ERI can provide a bank’s staff with a wide variety of training programs in the environmental risk management field.  Training seminars can be customized to address any topic of interest such as:  

Commercial Appraisal Reviews 

Qualified appraisers will conduct independent commercial appraisal reviews to assess compliance with the Federal Reserve appraisal regulations and guidelines as well as professional standards.

ERI also has an alliance with LaSalle Commercial Appraisal Management (L-CAM), one of the nation’s most experienced and respected commercial appraisal review firms. All of L-CAM’s review appraisers have at least 25 years of experience in the field of commercial property appraisal and commercial property appraisal review. In addition to providing appraisal review services, L-CAM provides consulting services to banks on appraisal compliance, appraisal policy development and appraisal ordering and review procedures. ERI and L-CAM work together to provide the nation’s leading alliance in outsourced appraisal and environmental review services for commercial lenders. For more information about L-Cam visit their website at http://www.l-cam.com.

Just click the Order Now button to engage ERI’s services or give us a call on our toll free number.

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