Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Event Detail

Event Description

Consumer Lending: Overview of Credit History, Role of Collateral and Other Factors Online Seminar

December 1, 2020
1:00 - 2:30 p.m.

Price: $275

Determining recurring and sustainable income and cash flow are the important first step in consumer lending.  Equally important are the applicant’s credit history and the collateral that will serve as a secondary source of repayment.  This seminar is a practical guide to credit bureau reports, issues with collateral, and a brief overview of the regulatory, compliance and fair lending environment.  Because of the automated nature of much consumer lending, we’ll focus on recognizing exceptions to established policies and practices, and how to properly mitigate these risks, plus when it makes sense to ask for a policy waiver.

This program will address:

  • Myths and realities of credit bureau reports
  • Getting beyond weak excuses applicants give you for items of poor credit history
  • Regulatory publications that consumers can use to improve their credit
  • Framework for dealing with applicants with prior poor credit, even bankruptcy
  • Credit policy exceptions are serious business, and your reasons for granting an exception are equally serious
  • Overview of basic consume collateral
  • Other factors that can mitigate risks in the “big three” of debt-to-income, loan-to-value and credit history
  • Overview of the regulatory, compliance and fair lending environment

Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, consumer lending managers and credit officers

Related GSB Online Programs:

  • Consumer Lending: Analyzing Personal Financial Statements and Loan Applications, Plus Key Ratios
  • Consumer Lending: Overview of Residential Mortgages and Home Equity Lending

Instructions

Online Seminar (12/01/20 1:30 - 2:30 p.m.)


Online Registration

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Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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