Banker’s Toolbox, van Wagenen To Offer CRE Risk Mitigation Tools

rairie, Minn.-based van Wagenen Financial Services Inc. is partnering with Banker's Toolbox to offer commercial real estate (CRE) loan stress testing software. The software, called Crest, helps CRE lenders evaluate the impact of market changes on their CRE portfolios and comply with 2006 interagency guidance on CRE concentrations, the companies say. ‘Community and regional banks have felt the brunt of the CRE market downturn,’ says Rob Wood, van Wagenen's vice president of sales. ‘By partnering with Banker's Toolbox, we can offer our bank customers another tool to mitigate their financial risk in managing commercial real estate.’ Crest enables banks to segment their CRE loan portfolio based on factors such as geography, property type or industry, and run scenarios that incorporate hypothetical changes to income, property valuation and interest rate. SOURCES: [link=]van Wagenen Financial Services[/link], [link=]Banker's Toolbox


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