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Maximizing Recoveries on Charged-Off Loans

Aug 05 2:00 PM - Aug 05, 2020 3:30 PM
Aug 05, 2020 2:00 PM - 3:30 PM
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Charge-off doesn’t automatically mean zero recovery. Learn about making and managing a plan to maximize recoveries.

Learning Objectives

  • Refer to recent ALLL guidance
  • Properly time charge-offs
  • Evaluate in-house versus third-party collections
  • Choose the best placement option: agency or law firm
  • Track recoveries on charged-off loans
  • Understand statute of limitations issues
  • Know when to change horses: account recall and re-placement options

Just when we thought it couldn’t get worse, there’s more negative news about unemployment and delinquencies. Are you ready for the increased charge-off volume and confident you are getting the most from the back-end of your loan portfolio? “Out of sight,out of mind” shouldn’t describe your charged-off loans. Just because you declare a loan loss internally doesn’t mean there should be zero recovery.With an active combination of in-house effort, collection agencies, and law firms, there are many ways to find money in those “worthless” loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge-off, to effective third-party placement details, to the science of tracking and comparing recovery results, this webinar will explore the practical side of charge-off recovery. Now is not the time to maintain the status quo in the collections department. 

Agenda

Speakers

David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions one establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy. 

Location

Fees

$259.00 

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections