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Course Details

Advanced Collection Tools Vital in Today's Economy

Webinar: ID# 1038118
Recorded CD or On-Demand
Qty:
About This Course:
This proactive webinar covers negotiation, technical, and management tools in collecting cash. The negotiation process will include the human factors while the technical skills will include business law basics (contract law and lender liability).

The technical aspects of collections will also address what happens when a "good" loan turns into a "bad" loan i.e. the market has now turned down, tenants have left, and the payments are severely delinquent. What should the bank do and not do at this point in time?

This question will be answered by addressing the legal rights of the bank and the practical steps that the bank should take in order to protect itself. This will include the collection process, restructuring the loan, and/or proceeding against the borrower through repossession, foreclosure, filing a law suit to obtain a judgment, forcing the borrower into bankruptcy or simply "walking away." This section will also include the outside influence from the banking regulators.

The webinar will include several real-life collection scenarios. Additionally, the X (authoritative), Y (delegation), and Z (team) management styles will be outlined which impact the lender's ability to manage the collection process.What You'll Learn:
  • Advanced tools in collecting cash including negotiation, technical, and management skills
  • Human factors in the collection process
  • Business law basics including "contract law" and "lender liability"
  • Determine the bank's strategy in protecting itself
  • Collections, restructuring the loan, repossession, foreclosure, filing a law suit to obtain a judgment, forcing the borrower into bankruptcy or walking away
  • Assess outside influence by the banking regulators
  • The X, Y, and Z management styles and collections management
  • Collection scenarios
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Advanced Collection Tools Vital in Today's Economy
Available 2:30 till 4:30pm Eastern, or on CD or On-Demand formats
Qty:
Course Details
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