Representative Banking Clients
Environmental Risk Innovations (ERI) is the nation’s premier consulting firm that specializes in managing environmental risk for commercial lenders. We custom-tailor our environmental risk management support services to meet the needs of financial institutions based on their asset size, risk tolerance, business model, and internal structure.
Our Approach
ERI is not a traditional environmental consulting firm that performs Phase I or Phase II Environmental Site Assessments. As a result, ERI’s recommendations represent a truly independent, third party opinion that incorporates the environmental risk tolerance of the client bank.
ERI assists financial institutions in the management of environmental risk via two primary avenues:
- For commercial lenders that do not have internal environmental risk management staff, ERI provides “turn-key” environmental risk management services. This comprehensive approach provides a “one-stop shop” for commercial lenders, allowing them to focus on their core business of underwriting commercial loans.
- For commercial lenders that maintain internal environmental risk management staff, ERI provides support during periods of peak lending activity. ERI also provides staffing support and coverage on a temporary basis during internal staff fluctuations associated with attrition, vacation, or illness.
Our Mission
ERI prides itself on customer service and flexibility to address each bank’s specific needs. We tailor our review process to meet the client bank’s environmental policy and risk tolerance and ensure that environmental risk is being managed in accordance with the bank’s guidelines. ERI understands that due diligence and environmental risk mitigation is just one of many important elements of a real estate transaction. ERI is familiar with the critical deadlines that loan officers face and the challenge to close a transaction in a timely manner. Our professionals are experienced in supplying high quality and rapid response due diligence to meet these deadlines.
Average Annual Phase I Reviews
%
Satisfied ERI Clients
AVERAGE RSRAs ANNUALLY
Free Consultation
Do you have a potential property that needs a risk assessement?
Comprehensive
Service
Offerings
Environmental Screen w/Risk Rating
An ⅛-mile regulatory database report review as a screening tool for new loans and renewals
Environmental Screen Plus
A ⅛-mile radius report + screening tool for low-risk collateral properties w/low loan amounts
Regulatory Database Report Review
A 1-mile radius report to determine if the property is listed on federal, state or local environmental databases
SBA Approved RSRAs
A comprehensive site screening tool with site history including regulatory issues without the time and expense of a site inspection
Third-Party Environmental Report Review (Phase I Reviews)
Traditional site-specific investigations with an Environmental Review Memorandum summary
Environmental Risk Management Policy Development
The first step to understanding and mitigating environmental risk
Policy Implementation & Maintenance
Save time and expenses while maintaining business goals
Environmental Risk Training
Customized training to address any topic of interest
Complimentary Client Support
Support throughout the process and after including policy training, regulatory updates and industry best practices
Multiple Site Portfolio Reviews
Large portfolio reviews processed in a timely manner and a digestible format
Commercial Appraisal Reviews
Qualified appraisers assess compliance with the Federal Reserve appraisal regulations
Regulatory Agency Liaison
Considering acquiring a property with known contamination? ERI’s regulatory agency liaison support services can help
Physical Climate Risk Assessment
ERI’s Physical Climate Risk Assessment is an evaluation aimed at understanding the potential climate-related risks associated with a property
Environmental Risk Management Professionals…Working Together.
ERI’s Environmental Professionals include former environmental consultants (geologists, engineers, and environmental scientists), Environmental Risk Managers who formerly worked at banks, and former environmental state regulators. This diverse background, expertise and experience enables ERI to offer a wide variety of environmental risk management services.
Legacy Banking Clients
Events
May 15 - 16, 2025
FIVA - Spring In-Person Event, Tampa FL
ERI is a proud annual sponsor and a sponsor of the cocktail hour.
May 14, 2025
EBA Risk Management Call - On-Site Water Supply Well Risk Considerations
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Please join long-time EBA member, sponsor and exhibitor, ERI’s Bill McGuinness, as he moderates a panel of banking Environmental Risk Managers. Learn how the risk exposure differs based on the type of supply well, the number of well users and the potential for unintentional exposure to contaminants.
April 24 -25, 2025
Carolinas-Virigina (CAVA) RMA / ProSight Spring Conference - Charlotte, NC
ERI is a proud sponsor of this event, presenting in the General Session – Navigating Environmental Risk in Banking and a Breakout Session.
April 24-25, 2025
ERI to Lead RMA Carolinas-Virginias Chapter Conference Session
The RMA Carolinas-Virginias Chapter is excited to have Environmental Risk Innovations (ERI) lead our session on Navigating Environmental Risks in Banking at our Spring Conference. Join us for this great session and many more! Event Info: View Events Website.
November 11-15, 2024
2024 NADCO Conference, Austin, TX
Environmental Risk Innovations (ERI) is pleased to be attending the 2024 National Association of Development Companies (NADCO) Conference from November 11th to the 15th, at the JW Marriott Austin Conference Center. Please visit us at Booth 103 to receive a free laminated SBA Environmental Investigation Flowchart.
April 18 - 19, 2024
RMA CAVA Spring Conference, Greenville, NC
ERI is a proud sponsor and exhibitor and is also excited to be hosting/sponsoring the Conference Hospitality Suite this year!
February 15, 2024
Triangle RMA Chapter Presents: Appraisal Bias – Fair Housing and Non-Discrimination Webinar
Speaker: Peter Christensen, Attorney and Moderator: Greg Lathan, President of ERI.
February 5 – 8, 2024
Environmental Bankers Association Conference, San Diego, CA
ERI is a proud sponsor and exhibitor at this conference.
July 30, 2023
Environmental Bankers Association Conference
ERI is a proud sponsor of the EBA’s 4-day Annual Conference
June 21, 2023
RMA Environmental Forum
ERI is a product sponsor and presenter for this totally virtual event
October 26, 2023
FIVA (Financial Institution Valuation Advisors) Meeting
All-day event with engaging discussions and collaborative insights from your peers.
Venue: Top Golf
Location: Edison, NJ USA
View Events Website
April 19, 2023
RMA Carolinas; Virginia's Spring Conference
ERI is a proud sponsor and facilitator/presenter of two breakout sessions
March 13, 2023
RMA Environmental Forum
ERI is a proud sponsor and presenter of Best Practices in Environmental Risk Management
March 06, 2023
FIVA (Financial Institution Valuation Advisors) Meeting
ERI is a proud sponsor and presenter of Best Practices in Environmental Risk Management
“Thank you for being a trusted advisor to us & also for always being so available and easy to work with!“
Matthew Tyler, Managing Director | Healthcare CIBC Bank USA
“Thanks again for all of your help the past years. We couldn’t have done it all without ERI!”
Chip Vitarelli, Senior Environmental Risk Officer, Bank of the West
“I just wanted to take a moment and let you know that Tammy & Louise are well…AWESOME! Every time I call or email with an issue they are quick to respond. They go above and beyond what is required and have helped me make my job easier. I’d be lost on Desk Reviews and RSRAs without them. Tammy/Louise, THANK YOU!!! for all you do, it is SOOOOO appreciated.”
Jeff M. Gryziec, Valuation Analyst, Well Fargo Bank, N.A.