Patrick Vernon is a senior manager of advisory services at Crowe LLP, focusing on transaction and valuation services for financial institutions and investor groups regarding select asset acquisitions and whole bank and financial service firm acquisitions. Mr. Vernon has extensive experience with CECL implementation projects and solutions including risk assessment, model documentation and theory and technology solution evaluation. He has a background in external audit engagements with a primary focus on allowance for loan losses.
Mr. Vernon has been helping financial institutions understand and adopt CECL since 2017 and has worked with over 50 different institutions ranging in size from $500M – $50B. He has experience in modeling with all of the major vendor CECL platforms as well as various custom in-house methodologies and worked internally at Crowe to develop Credit360 for CECL, a proprietary methodology used to execute, test and validate CECL models.