9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Are you 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.
Continuing Education: Attendance verification for CE credits upon request
- Charge off timing
- In-house versus third-party collections
- Agency or law firm – what is the best placement option?
- Tracking recoveries
- Potential CECL implications
- Statute of limitations issues
- Account recall and re-placement options
- TAKE-AWAY TOOLKIT
- Account placement worksheet
- Lifecycle of a charged-off loan
- Regulatory guidance
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
The information in this session is designed for executives, CFOs, lending managers, collections managers, collections staff, and anyone interested in maximizing collection return from charged-off loans.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.