Consumer Loan Underwriting 101

Frontline & New Accounts Human Resources Lending

On-Demand Webinar:

StreamedJun 13, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

All consumer lenders must have a keen understanding of the governing regulations and possess fundamental skills.

This webinar will cover a bountiful abundance of consumer lending topics, including loan purpose, policy and procedure, loan application and interview, repayment sources, underwriting, collateral, calculating debt-to-income and loan-to-value ratios, lending ethics, privacy, and more! Don’t miss this one-stop shop for the basics of consumer lending.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Identify the types of consumer loans and their purposes
Comprehend your financial institution’s loan policy and procedures
Complete a successful loan interview and take a complete loan application
Identify the primary and secondary sources of repayment
Understand the basics of loan underwriting, including calculating debt-to-income and loan-to-value ratios and credit scoring models
Take collateral to secure the loan
Have a working knowledge of consumer lending regulations
Recognize the most common errors in consumer lending

WEBINAR DETAILS

This program will dive into the basics of consumer lending, whether your financial institution manually underwrites loans or uses an automated credit decision model. It will cover typical loan policy content and types of consumer loans, including mortgages, installment loans, and revolving credit.

You’ll learn to compliantly conduct a comprehensive loan interview and thoroughly complete a loan application. Underwriting basics will be provided with examples of calculating debt-to-income and loan-to-value ratios, reading credit reports, and using credit scoring models. You’ll discover how to take collateral to secure your loan, including determining the collateral’s owner, perfecting your interest, and monitoring.

In addition, this presentation will contain an overview of the key consumer loan regulations, address the basics of lending ethics, explain the critical nature of confidentiality, and help you avoid the most common errors in consumer lending.

WHO SHOULD ATTEND?

This informative session is designed for those new to consumer lending or anyone looking for a refresher on the basics.

TAKE-AWAY TOOLKIT

Glossary of consumer lending terms
Summary of consumer lending regulations
Sample consumer loan policy outline
Debt-to-income worksheet
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

TESTIMONIALS

"Bob was able to keep the information light and moving. This is a good overview of the job of a lender. I liked the ability to ask questions and have them answer them at specific times rather than stop the training to answer them."

- Jamie, Peninsula Community Federal Credit Union