Foster Consulting

Foster Consulting is a full-service consulting firm, based in Boston MA with a national reach, representing asset-based lenders and their clients. Our principle work consists of due diligence audits for new business accounts (surveys or investigations) and ongoing collateral audits (examinations), along with fraud investigations and workout managem... ent. Foster Consulting represents the most cost-effective ABL audit services with abundant experience. All of our examiners have over 15 years banking experience and at least five years of direct ABL auditing experience. The personnel also have direct experience in commercial lending, workout, risk review and loan portfolio analysis from the top New England banks. Foster Consulting was formed June, 1993, initially to provide financing assistance to borrowers. Due to our experience, we routinely received requests from banks for due dilligence audits, prompting the conversion to this principle endeavor. Since inception, the company has performed hundreds of ABL examinations representing over $3 billion in financing commitments. Major Customers have included all major New England Banks; BankBoston, Citizens Bank, Fleet Bank and Sovereign Bank. We have also perfomed syndicated exam participations with other national lenders such as Nationsbank, BankAmerica and CIT, and numerous finance company audits. Our audits have resulted in the detection of several fraudulent lending schemes that resulted in several million in loan losses, but our discoveries saved the lenders from further exposure.Read More