Event Calendar

Thursday, April 4, 2024

Maximizing Recoveries on Charged-Off Loans Webinar

Start Date: 4/4/2024 9:00 AM MDT
End Date: 4/4/2024 10:30 AM MDT


Event Website: https://financialedinc.com/maximizing-recoveries-on-charged-off-loans-2024

Organization Name: Independent Community Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@icbcolo.org
Phone: (720) 607-7937

Just because a loan has been declared a loss internally (charged off) doesn’t mean you should expect zero recovery! These loans may not be as “worthless” as they seem. Join veteran collections attorney David Reed as he reveals lessons learned from over 30 years of collections and bankruptcy experience. Now is not the time to maintain the status quo in the collections department! Join this session to learn all you can about actual, feasible charge-off recovery. News on the delinquency front is not good. Increased late payments in credit cards and auto loans approaching decade-long highs, combined with the restart of student loan payments, have put pressure on your balance sheet. 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.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Maximize the timing of charge off
  • Evaluate in-house versus third-party collections solutions
  • Choose the best placement option – agency or law firm
  • Track recoveries on charged-off loans
  • Understand the impact of statute of limitations
  • Utilize account recall and re-placement options
TAKE-AWAY TOOLKIT
  • Account placement worksheet
  • Lifecycle of a charged-off loan
  • Regulatory guidance
  • 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 executives, CFOs, lending managers, collections managers, collections staff, and anyone interested in maximizing returns from charged-off loans.
 
DON’T MISS THESE RELATED WEBINARS!
Advanced Collection Concepts, recording available
Common Mistakes in Consumer Collection, Tuesday, September 24, 2024
Chapter 7 & 13 Consumer Bankruptcies: Special Rules, Cramdowns & Risks, Thursday, October 17, 2024
 
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
  • 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
2. ON-DEMAND WEBINAR
  • 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
3. BUNDLE & SAVE
  • Save when you Bundle the Live + On-Demand Webinar Registration
  • Includes all the items listed above
  • Full registration descriptions can be found here

Online Registration

Registration is Closed
Closed: 4/3/2024 3:00 PM

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