Comply with the CECL standard with Wipfli’s model
Wipfli has designed a CECL model to help your financial institution comply with the CECL standard. This Excel-based CECL solution is simple to populate and maintain — and it requires no software or ongoing subscription fees.
If your institution has already chosen a model but is unhappy with its complexity or amount of maintenance involved, our CECL model is easy to transition to. If you haven’t chosen a model yet, ours is easy to get started with. It utilizes the weighted-average remaining maturity (WARM) method and fulfills accounting and regulatory requirements, including more complex elements such as forecasting and unfunded commitments.
Our CECL model enables your institution to:
- Develop a WARM-based CECL calculation that is simple to understand and support
- Customize appropriate loan segments and calculate average annual loss rates
- Efficiently implement loss forecasts over a reasonable and supportable time period
- Evaluate losses on unfunded commitments