Effective use of a credit report’s full value can significantly influence lending outcomes, borrower satisfaction, and profitability. By enhancing your comprehension of credit data, you will gain the confidence to make informed decisions that positively impact your institution's success and stability. The raw potential of data analytics and the sheer amount of consumer information is growing exponentially. But one thing remains constant: credit reports are an essential tool for mortgage and consumer lenders. Yet, it can be difficult to fully understand the depth and nuances of information within these reports and how to accurately interpret and apply them in real-world lending decisions. This session is specifically designed to empower lenders by thoroughly evaluating recent credit report developments, highlighting key indicators of borrower reliability, addressing common misunderstandings, and illustrating best practices to minimize risk and optimize lending strategies. Join veteran financial services attorney David Reed as he demystifies the use of credit reports in the lending process and offers practical insight to gaining additional understanding and functionality in this critical area.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Have comprehensive knowledge of credit report components
- Appreciate the recent developments in FICO 10T and VantageScore 4.0
- Understand innovative risk assessment techniques
- Recognize common signs of borrower distress or fraud
- Navigate current compliance landmines
- Deploy strategies to improve lending efficiency
TAKE-AWAY TOOLKIT
- Sample credit report checklist
- Borrower risk-scoring matrix
- Red flag identification reference
- Fair Credit Reporting Act compliance quick reference
- 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
WHO SHOULD ATTEND?
This informative session is designed for lending managers, mortgage lending staff, consumer lending specialists, credit analysts, underwriters, risk management specialists, internal auditors, compliance officers, and anyone involved with lending.
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.
MEET THE PRESENTER
David A. Reed, JD, 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.
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR 2. ON-DEMAND WEBINAR 3. BUNDLE & SAVE
- Unlimited live connections with shareable access within your institution
- Available to view on desktop, mobile & tablet devices
- Take-away toolkit
- Live Q&A session & the presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Unlimited and shareable access to the recording within your institution, starting two business days after the live date
- Available to view 24/7 on desktop, mobile & tablet devices
- Take-away toolkit
- Ability to download the webinar video and toolkit items
- Presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Save when you Bundle the Live + On-Demand Webinar Registration
- Includes all the items listed above
- Full registration descriptions can be found here
