- [02:46] Under CECL all your loans are treated like you originated them whether you originate them or you purchase them.
- [12:56] If you buy a loan that has a ten-year life, theoretically you need ten years of data or ten years of some kind of loss history.
- [15:06] Go to your vendors, make sure they are giving you good data sets. You may have to tell them what you need. The biggest problem you’re going to have is the inconsistency in data between different vendors.