GSB – Overview of Credit History and the Role of Collateral

Determining recurring and sustainable income and cash flow are the important first step in consumer lending. Equally important are the applicant’s credit history and the collateral that will serve as a secondary source of repayment. This seminar is a practical guide to credit bureau reports, issues with collateral, and a brief overview of the regulatory, compliance and fair lending environment. Because of the automated nature of much consumer lending, we’ll focus on recognizing exceptions to established policies and practices, and how to properly mitigate these risks, plus when it makes sense to ask for a policy waiver.

Covered Topics

Myths and realities of credit bureau reports
Getting beyond weak excuses applicants give you for items of poor credit history
Regulatory publications that consumers can use to improve their credit
Framework for dealing with applicants with prior poor credit, even bankruptcy
Credit policy exceptions are serious business, and your reasons for granting an exception are equally serious
Overview of basic consume collateral
Other factors that can mitigate risks in the “big three” of debt-to-income, loan-to-value and credit history
Overview of the regulatory, compliance and fair lending environment

Target Audience
Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, consumer lending managers and credit officers

Richard Hamm, Advantage Consulting & Training

Registration Option
Live presentation $275

Recording available through Feb. 28, 2022


Nov 30 2021


1:00 pm - 2:30 pm



More Info