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Reducing Mortgage Delinquency: Proactive Protection of the Bottom Line

May 12 2:00 PM - May 12, 2022 3:30 PM
May 12, 2022 2:00 PM - 3:30 PM
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There’s a change in the wind regarding mortgage delinquency. Many months of mild collection efforts, generous forbearance agreements, regulatory ambivalence, and government relief have reduced the impact of the economic situation on borrowers. But this season is quickly ending, and a storm is coming. Are you prepared for what happens next?

Learning Objectives

  • Understand the essential elements of real estate collections
  • Learn a systematic approach to real estate collections
  • Appreciate the impact of new lending rules
  • Evaluate the range of workout possibilities
  • Avoid the most common real estate collection landmines

Every delinquent loan is important, but real estate loans must take top priority because of their size and complexity. It seems nothing is ever easy with a bad real estate loan. You have mounting regulations on one side, a troubled borrower on the other, and the financial institution stuck in the middle with its balance sheet increasingly at risk. It gets worse. Lawmakers, regulators, and consumer protection attorneys are keeping an eager eye on your real estate portfolios and particularly the collections and foreclosure processes to “protect” the consumer. More than a few collections attempts have opened the door to lawsuits against an institution.

Your institution has too much at stake to lose rescue opportunities for real estate loans or make a fatal error during foreclosure. This interactive session will journey through the hazy labyrinth of laws, rules, regulations, and best practices surrounding the real estate collections process. From understanding the best communications methods and tactics to appreciating the most effective recovery strategy, this session will provide valuable guidance and insight that will save you time, effort, and money! Join us for a walk through the new world of managing mortgage delinquency.

Agenda

Speakers

David A. Reed, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on 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 

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections