Building an Enterprise-Level Approach to Reduce Risk

The Big Picture The coronavirus pandemic has taken a still-almost-unimaginable hit on our nation’s economy. Millions of people have lost their jobs, and millions more are facing financial insecurity with paychecks that cover fewer hours. With concerns rising over an imminent recession, is your bank prepared to offer consumers the right help and resources to prevent charge offs with its Home Equity Line of Credit (HELOC) business?

In the consulting world, arriving at the endpoint is an inherent piece of the project. But amidst the inertia of reaching the goal line, an effective handoff can easily become an afterthought, even when there’s a big X on the calendar reminding you of your endpoint. While there is no silver bullet for how and when to push the closeout button, we have identified several considerations based on our experience. If you can be cognizant of these milestones along the journey, especially during the home stretch, you’ll avoid unnecessary pain and end on a high note.

Spinnaker Consulting Group was revealed on October 2, 2019 on Richmond Bizsense RVA25's list as the region's #1 fastest-growing and dynamic organization (on the heels of being placed 516th on the Inc. 5000). This is the seventh year of the annual list and Spinnaker’s debut with a 585 percent average annual growth from 2016 to 2018.