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Maximizing Recoveries on Charged-Off Loans

Aug 23 2:00 PM - Aug 23, 2022 3:30 PM
Aug 23, 2022 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. Now is not the time to maintain the status quo in the collections department.

Learning Objectives

  • Maximize the timing of 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 the impact of the statute of limitations
  • Know when to use account recall and re-placement options

Just when we thought it couldn’t get any worse, there’s more negative news about a possible recession, additional delinquencies, and charge-offs. Are you ready for the increased charge-off volume and confident you are getting the most from the backend 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. Join veteran collections attorney David Reed as he reveals lessons learned from over 30 years of collections and bankruptcy experience.

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 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

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