David Reed returns to conduct programs for Maine credit unions with two webinars addressing collections issues in this time of COVID. Register for one or both webinars and join your colleagues for valuable insights, tips, and techniques for your evolving and adapting collections process.
How to Prepare for the Coming Delinquency Wave
Tuesday, November 17 I 2:00 – 3:30 pm
Even during the best of times, collections is a very tricky proposition. An effective collections process must include sound methods for communicating with troubled members, resolving the delinquency, recovering collateral on defaulted loans and doing all of this while following an increasing variety of state and federal laws, rules and regulations. Now most experts agree there is a wave of defaults coming your way. High unemployment, layoffs and a fractured economy will not bring good news. It won’t be long before the stimulus money, modifications, forbearances and other pandemic rescue options are exhausted and the dormant delinquencies arise. Join this session for highlights of the latest techniques, tips and trends to maximize your collections function in the new world order.
Topics will include:
- Conducting a Collections Inventory and Risk Assessment
- New Methods for Scoring Default Risks
- Mining for Member Service Opportunities
- Appreciating Workout Options – From Consumer Loans to Real Estate
- Refining Repossession and Foreclosure Processes
Maximizing the Virtual Collections Process
Tuesday, December 1 – 2:00 – 3:30 pm
For details and registrations CLICK HERE.
One webinar – $199 first registrant/$99 for each additional registrant.
Both webinars – $189 first registrant of each webinar/$89 each additional registrant.
* If attending both webinars please register for each event separately. Billing will be adjusted following the series.
The link and handouts will be sent to each registrant one day prior to each session.
Questions? Email Linda Scott.
Please complete and submit the form below to register for this event. You will be placed on a waiting list if the number of attendees for your reservation is greater than the number of seats available.
Registrations are closed for this event.