Consumer Loan Underwriting 101
All consumer lenders must have a keen understanding of the governing regulations and possess fundamental skills. This webinar will cover a bountiful abundance of consumer lending topics, including loan purpose, policy and procedure, loan application and interview, repayment sources, underwriting, collateral, calculating debt-to-income and loan-to-value ratios, lending ethics, privacy, and more! Don’t miss this one-stop shop for the basics of consumer lending.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify the types of consumer loans and their purposes
- Comprehend your financial institution’s loan policy and procedures
- Complete a successful loan interview and take a complete loan application
- Identify the primary and secondary sources of repayment
- Understand the basics of loan underwriting, including calculating debt-to-income and loan-to-value ratios and credit scoring models
- Take collateral to secure the loan
- Have a working knowledge of consumer lending regulations
- Recognize the most common errors in consumer lending
WEBINAR DETAILS
This program will dive into the basics of consumer lending, whether your financial institution manually underwrites loans or uses an automated credit decision model. It will cover typical loan policy content and types of consumer loans, including mortgages, installment loans, and revolving credit. You’ll learn to compliantly conduct a comprehensive loan interview and thoroughly complete a loan application. Underwriting basics will be provided with examples of calculating debt-to-income and loan-to-value ratios, reading credit reports, and using credit scoring models. You’ll discover how to take collateral to secure your loan, including determining the collateral’s owner, perfecting your interest, and monitoring. In addition, this presentation will contain an overview of the key consumer loan regulations, address the basics of lending ethics, explain the critical nature of confidentiality, and help you avoid the most common errors in consumer lending.
WHO SHOULD ATTEND?
This informative session is designed for those new to consumer lending or anyone looking for a refresher on the basics.
