Webinar: Unpacking Credit Reports for Mortgage & Consumer Lenders
June 23, 2025 3:00 pm - 4:30 pm
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. 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
WEBINAR DETAILS
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.
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.
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
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.