The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
Many aspects of the asset-based lending process had to be drastically changed due to the working conditions spurred by the COVID-19 pandemic, but no area was as challenged as the work of field examiners. Donald F. Clarke of Asset Based Lending Consultants explains how field exams were conducted during the COVID-19 pandemic and how they might look in a post-pandemic world.
Asset Based Lending Consultants opened new offices in Connecticut and the New York Metropolitan Area, which will be led by Patrick Chemngorem, CPA, and Dustin Fitzpatrick, respectively.
Asset Based Lending Consultants announced the addition of David Macdonald. He previously managed a portfolio of $350 million within the commercial finance business as the associate director of GE Capital.