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Education

 

Webinar: Modifications, Workouts & Rescue Options: Working with Troubled Members

 

Wednesday, August 21, 2013

 

Speaker:  David Reed, JD, Reed and Jolly, PLLC

 

About the Program

Here’s a simple accounting rule that everyone understands: a loan is only an asset as long as the borrower pays on it. The trick is to keep the borrower paying on a loan when they face difficult times. With bankruptcy attorneys, loan sharks, bogus debt-solution firms, and credit doctors, the marketplace is filled with people offering your member an “easy way out.” What are you going to do about it?

 

Once a borrower begins to have financial problems, the credit union needs to communicate effectively and be ready to work toward finding a successful conclusion to the loan. To do this, you must understand the available workout options and how to use each one effectively. This session will provide effective techniques for early identification and intervention that focus on member service and creating a workable solution!

 

HIGHLIGHTS

  • Difference between delinquent and troubled members
  • Methods to identify emerging troubled members
  • Regulatory guidance of loan modifications
  • Creating a comprehensive solutions matrix
  • Tools and techniques for effective loan modifications
  • Policy requirements and guidelines


Related Files
Printable Brochure (Adobe PDF File)

Related Links
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