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Basic Underwriting Skills for Consumer Loans

Wednesday, May 16th, 2018

10:00 am - 11:30 am CT

Length: 1 hour 30 minutes                    Sponsored by Credit Union Webinars

Click Here to register $195.00

Click Here to register and receive CD recording $295.00

Loan underwriting is a detailed and complex process that can be daunting to a beginning or entry level loan officer/underwriter.

To ensure that loan underwriting is consistently applied, Credit Unions need to ensure the adequacy and consistency of the training and monitoring of beginner/entry level loan officers/underwriters.

"Basic Underwriting Skills for Consumer Loans” is designed to present key discussion areas that will assist with the consideration, development and design of tools and methodologies to assist beginning/entry level loan underwriters with understanding the concepts and knowledge needed to underwrite and decision loans and other forms of credit.

What is your Credit Union doing to ensure that beginner/entry level loan officers/underwriters fully understand the concepts of how to underwrite/decision an application for credit?

Topics Will Include:

  • Rules and regulations affecting the granting of credit
  • Understanding the basic principles of lending including the “5 C’s of Credit”
  • The importance of adequate documentation of factors affecting the loan decision
  • Communication with applicants/borrowers including the communication of requests for information, loan approvals, counter-offers and loan denials
  • Understanding the importance of a credit report and what a credit report is used for including the borrower’s credit score, borrowing habits, credit history, the impact of negative credit tradelines, other credit report factors and how these affect a loan decision
  • Understanding loan applications and loan application “red-flags”
  • Loan interviewing skills
  • The information and criteria necessary needed to make a loan decision
  • And more……

Who Should Attend?

CEO’s, Lending Management, Supervisory Committee Members, Members of Boards of Directors and Lending Personnel will all benefit from attending this webinar.

Instructor

Bruce Hull has more than 30 years' lending experience. His knowledge and ability to communicate have made him a sought-after speaker in the areas of lending, collections, and sales.

Bruce has served in several capacities, including: COO for a $1.5 Billion credit union, the VP of lending for two large credit unions; the director of collections; a lender in two banks and a savings and loan; a lending professional with one of the nation's top credit union audit firms; and an expert witness in loan fraud and bond claim cases.

Bruce has been a frequent presenter at conferences around the country for over 20 years. He attended the University of Nevada in Reno and earned a Retail Banking Diploma from the American Institute of Banking.