(ON DEMAND) Debt Collection Series: Maximizing Recoveries on Charged-Off Loans

Email to Order the Recording + Free Digital Download

Are you getting the most from the backend of your loan portfolio? “Out of sight, out of mind” shouldn’t describe your charged-off loans. Just because you declare a loan loss internally doesn’t mean there should be zero recovery. Utilizing in-house efforts, collection agencies, and law firms, there are many ways to find money in those “worthless” loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge off, to effective third-party placement details, to the science of tracking and comparing recovery results, this webinar will explore the practical side of the forgotten art of charge-off recovery.

HIGHLIGHTS
Charge-off timing
Evaluating in-house versus third-party collections
Agency or law firm: choosing the best placement option
Tracking recoveries on charged-off loans
Statute of limitations issues
Account recall and replacement options

TAKE-AWAY TOOLKIT
Account placement worksheet
Lifecycle of a charged-off loan
Regulatory guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? Executives, CFOs, Chief Credit Officers, collections managers, collections staff, and anyone interested in maximizing collections return from charged-off loans.

ABOUT THE PRESENTER – David A. Reed, JD, Reed & Jolly, PLLC, attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm. 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 credit union, David 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. He also serves as editor of several industry manuals.