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
Charge-off doesn’t automatically mean zero recovery. Learn about making and managing a plan to maximize recoveries.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- 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 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. Now is not the time to maintain the status quo in the collections department.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative session is designed for executives, CFOs, lending managers, collections managers, collections staff, and anyone tasked with maximizing your collection returns from charged-off loans.
- Account placement worksheet
- Lifecycle of a charged-off loan
- Regulatory guidance
- Employee training log
- Interactive quiz
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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.