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.
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
SPEAKER: David Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally-recognized speaker, 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.