TMCnet News
SierraConstellation Partners to Field New Survey for the Special Assets Resolution and Workout Bankers CommunitySierraConstellation Partners LLC (SCP), a business advisory firm that focuses on the strategic, operational, financial transactional, and capital needs of middle-market companies and their partners, today announced the launch of their new SCP Workout Bankers Insights Survey. The survey will gauge the sentiment of special assets managers to create a data-rich resource for industry professionals to discuss best practices, benchmarks, and trends. The SCP Workout Bankers Insights Survey will also serve as the foundation for the creation of the groundbreaking SCP Workout Bankers Confidence Index (WBCI). "We've designed the survey as a response to the growing demand for knowledge sharing among loan workout managers on a variety of subjects across the rapidly changing business landscape," said SCP Managing Director, Mark Nixon, who is leading the initiative. "The survey has the potential to provide profound insights into different factors shaping the special assets sector of the lending industry, and we encourage workout managers around the country to chime in and contribute to this peer-to-peer resource of information." The survey will be distributed to a network of over 15,000 professionals in the special assets' resolution and workout bankers community. "Our goal forthe WBCI is for it to become an indicator of lender confidence in the ability of borrowers to bounce back from perilous foreclosure risk. Of course, every borrower and loan facility is different and ultimately, must be evaluated on their own merit. However, having the national perspective of how others, within this unique sector of the banking industry, are thinking about the future risk of asset loss can possibly be helpful," added Nixon. The survey opens on November 5th, and responses are due by November 13th. The survey results are expected to be released during the first quarter of 2022, in time for quarterly credit review meetings. "At SCP, our knowledge and deep experience in the special assets and workouts sector has fueled both our effectiveness as financial advisors and leaders to our clients and our ability to achieve mutually beneficial outcomes for them and their lenders," said SCP Founder and CEO Larry Perkins. "We've developed a close relationship with the banking and alternative lending industries over the years and are excited to launch this new initiative." If you would like to participate in this groundbreaking initiative and are part of the special assets' resolution/workouts or credit approval professions, please contact SierraConstellation Partners at [email protected]. All responses are anonymous, and participants have the opportunity to opt-in to obtain a copy of the survey results once available during the first quarter of 2022. About SierraConstellation Partners LLC SierraConstellation Partners LLC (SCP) is a business advisory firm that focuses on the strategic, operational, financial transactional, and capital needs of middle-market companies and their partners. For more information, please visit www.sierraconstellation.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005106/en/ |
