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
WEBINAR DETAILS
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.
TAKE-AWAY TOOLKIT
- Account placement worksheet
- Lifecycle of a charged-off loan
- Regulatory guidance
- Employee training log
- Interactive quiz
DON'T MISS THESE RELATED WEBINARS! |
| "Collections & Right of Set Off in Commercial Lending" Wednesday, August 19, 2020 "20 Common Mistakes in Consumer Collections" Thursday, June 25, 2020 Available Now |
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