offers banking exams, banking degree training, and professional development for banking professionals
Course/Product Description

Reading Credit Reports, Preventing Application Fraud, Credit Scores, and Compliance, Compliance, Compliance!

Format: Webinar

It's not what you know that will hurt you when lending-it's what you don't know!  In a USA Today Snapshot entitled "Different Faces of Fraud", financial professionals concluded that 19% of the fraud committed against their institution was on the front end of the application process.  Learning how to read and understand credit reports is a lending basic. We will cover the Big 3's (Equifax, Experian, TransUnion) data and look at the good, the bad and the ugly of each. Learn what you can do to uncover inaccurate information before you and your institution become the victim.

Covered Topics

  • Catching fraud before it happens;
    • Identity Theft Prevention must be part of your Red Flag Guidelines
      • How crooks use the system to create fake Credit Files
      • Shady consumers use legal Tax Identification Numbers to create new Credit Identities
      • Fraud Alert Products that work to reduce your risk

  • Using the right credit report will help you make better loans, and reduce you're A/R;
    • Did you know there are credit files that make debt to income comparisons easier?
      • There are enhanced Credit Reports for collection and skip tracing purposes
      • Review National Social Security Number Searches Verification products
      • The Credit Reporting Service you are using may not be the best Report for your area!
      • Review and determine the best Commercial Credit Reports for your company.

  • Understanding and using credit scores to streamline the lending process;
    • Credit scoring when opening, monitoring, and closing accounts
    • Credit scoring to prioritize accounts receivable
    • Reviewing the factors that determine the Credit Score
    • New bankruptcy scoring models-will they work?

  • Compliance, Compliance, Compliance:
    • New Adverse Action Notices with credit scores
    • Disparate treatment of applicants associated with credit scoring,
    • RED FLAG Guidelines, requirements for fraud
    • Fraud Alert & Military Alert Notifications Requirements
    • Permissible Purpose and your application for credit
    • Consumer Disputing Your Data- you cannot ignore or just refer to credit reporting agency(s)
    • Disposal of confidential records
    • Accuracy & Integrity of Data- preventing re-pollution of credit reports and required condition compliance codes

Who Should Attend

This informative session is designed for your CEO, President, Managers, Branch & Assistant Managers, Loan Committee members, Credit Analyst, Lenders, Compliance Officers, Collectors, Human Resource Director, Trainers, or any employee who uses, views, or stores sensitive consumer credit information.

The Presenter:

Greg Souther is President of Greg Souther Consulting &Seminars ( a firm that provides training and consulting to companies in the following areas: Customer Service &Communication; Credit, Collection, &Compliance; Fraud Prevention&Information Security; and Marketing &Sales.

With over 28 years of training and speaking experience, Greg and his associates share practical "how to" advice that everyone can easily understand and use in their daily work environment.

Greg was Co-Owner and Manager of The Credit Bureaus of Southeast Georgia, the parent company for six Credit Reporting and Collection Agencies based in Brunswick, Georgia. Other Management, Marketing, and Human Resource experience includes Credifax, formerly the Credit Bureau of Jacksonville, the Credit Bureau of Valdosta, and the Credit Bureau of Athens.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Reading Credit Reports, Preventing Application Fraud, Credit Scores, and Compliance, Compliance, Compliance!CD/On-Demand$325.00

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