Register Now: Credit Risk Management Webinar Series
Register today for this three-Part Credit Risk Management Webinar Series, presented by the Federation and TCT Risk Solutions. This series is designed specifically for CDCUs and covers issues related to managing your loan portfolio over the term of your loans.
Credit Risk Management Webinar Series
Part 1: Tuesday, Oct. 17 | 2:00 – 3:00 pm ET
Part 2: Tuesday, Nov. 14 | 2:00 – 3:00 pm ET
Part 3: Tuesday, Dec. 19 | 2:00 – 3:00 pm ET
Join Randy Thompson, CEO and Founder of TCT Risk Solutions, for a three-part series focused on increasing credit union leaders’ understanding of credit risk management tools and strategies, in order to promote lending to the underserved.
Participants will learn about:
- How member credit scores can, and do, change over time
- Tools and strategies that can be applied to manage and minimize loan losses
- Tools and strategies that are helpful in safely extending loans to the underserved
- How Credit Migration helps credit unions comply with CECL in a credit union friendly manner
|Speaker: Randy C Thompson, Ph.D.
Taking a loan application, performing underwriting, making a loan decision and funding a loan are important and usual activities of loan officers and loan departments. These activities are the most visible part of any loan department. But, as basic as they seem, they are only half of the job of managing a loan portfolio. The other half is managing the loans over their term.
This other half, sometimes referred to as Credit Risk Management, includes activities such as credit monitoring, repayment management, ongoing decisioning, credit counseling, up-migration and credit problem resolution. This three-webinar series will examine in detail the other half, providing explanations, cases studies and examples of successful credit risk management activities.
When the actions of this “other half” are coupled with sound loan generation programs, credit unions experience higher loan to share, lower risk portfolios, and higher ROAs. This series will introduce tools and procedures that will help credit unions implement the whole Credit Risk package.
Webinar 1: What are credit scores? Why and how do they change?
In this 1-hour webinar, participants will see case studies and personalized examples that provide a clear description of credit migration. What is it, how does it work and what contribution does it make to credit risk management?
Webinar 2: Expanding Loans and Enhancing ROA
In this 1-hour webinar, participants will be introduced to the tools and processes of Credit Risk Management. The presentation will include case studies of how credit unions have used CRM to lend deeper, lend more efficiently and lend more profitably while improving the credit standing of their members.
Webinar 3: Using Credit Migration as the Core Tool for CECL Implementation
In this 1-hour webinar, participants will learn about Current Expected Credit Loss (CECL) and how credit migration can hasten the efficient and robust implementation of CECL with minimum impact on both balance sheet and income statement.