Webinar: Reducing Mortgage Delinquency: Being Proactive While Protecting the Bottom Line
April 18, 2024, 3:00 pm - 4:30 pm
Do not be too comfortable with your financial institution's current real estate delinquency numbers.
A shifting real estate market and the impact of rapidly rising interest rates have shaken the very foundation of your portfolio. Fears of a bubble burst are growing. Are you prepared for what happens next? Join veteran attorney and collections guru David Reed as he walks you through the new world order of managing mortgage delinquency.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the critical timeline of real estate collections
- Learn a systematic approach for troubled loans
- Expand your use of data analytics
- Appreciate the impact of regulatory pressures on collections
- Evaluate the range of workout possibilities
- Avoid the most common real estate collection landmines
WEBINAR DETAILS
Every delinquent loan is important, but real estate loans must take top priority because of their size and complexity. You have mounting regulations on one side, a troubled borrower on the other, and the financial institution stuck in the middle with its balance sheet increasingly at risk. It gets worse. Lawmakers, regulators, and consumer protection attorneys are keeping an eager eye on your real estate portfolio and particularly your collections and foreclosure processes to “protect” the consumer.
Your institution has too much at stake to miss rescue opportunities for real estate loans or make a fatal error during foreclosure. This interactive session will walk your team through the hazy labyrinth of laws, rules, regulations, and best practices surrounding the real estate collections process. From understanding the best communication methods and tactics to appreciating the growing benefit of data analytics, this session will provide valuable guidance and insight that will save time, effort, and money!
WHO SHOULD ATTEND?
This session is designed for executives, managers, internal auditors, lending staff, collections managers, collectors, compliance officers, and anyone involved in the real estate collections and foreclosure process.
TAKE-AWAY TOOLKIT
- Real estate workout worksheet
- Regulatory guidance
- Examination 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
Speaker: David A. Reed, 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.