Consumer Lending: Overview of Credit History, Role of Collateral and Other Factors - Fa20

Course Length
90 mins

Instructor
Richard Hamm

Price
$275.00

Upcoming Sessions

Description

Presenter:  Richard Hamm, Advantage Consulting and Training

This 90-minute program will be presented live on: December 1, 1:00-2:30  p.m. Central Time
Recording available through: March 1, 2021
Price: $275

Determining recurring and sustainable income and cash flow are the important first step in consumer lending.  Equally important are the applicant’s credit history and the collateral that will serve as a secondary source of repayment.  This seminar is a practical guide to credit bureau reports, issues with collateral, and a brief overview of the regulatory, compliance and fair lending environment.  Because of the automated nature of much consumer lending, we’ll focus on recognizing exceptions to established policies and practices, and how to properly mitigate these risks, plus when it makes sense to ask for a policy waiver.

This program will address:

  • Myths and realities of credit bureau reports
  • Getting beyond weak excuses applicants give you for items of poor credit history
  • Regulatory publications that consumers can use to improve their credit
  • Framework for dealing with applicants with prior poor credit, even bankruptcy
  • Credit policy exceptions are serious business, and your reasons for granting an exception are equally serious
  • Overview of basic consume collateral
  • Other factors that can mitigate risks in the “big three” of debt-to-income, loan-to-value and credit history
  • Overview of the regulatory, compliance and fair lending environment

Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, consumer lending managers and credit officers

Related GSB Online Programs:

  • Consumer Lending: Analyzing Personal Financial Statements and Loan Applications, Plus Key Ratios
  • Consumer Lending: Overview of Residential Mortgages and Home Equity Lending

Shopping Cart

Your cart is empty