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The 'Moment of Truth' - Upcoming Seminar Offers Insight in How to Talk to Members about Their Credit Scores
Thursday, June 12, 2014 6:50 AM

When lenders are deciding whether or not to loan money to someone, one of the many things they will review is the person’s credit history to determine if they’ve managed their debts responsibly in the past. They also consider the credit score, as it identifies to the lender the level of future risk associated with that person’s credit history. On July 29, the Cornerstone Credit Union League is offering a Comprehensive Lending 101 seminar in Little Rock, Ark., and presenter Galli Davis will cover the five influential factors of a credit score, as well as how to discuss credit truths with members.

Presidents, CEOs, managers, lending executive and managers, lending staff, and any other credit union staff exposed to lending in general are encouraged to take advantage of this educational training program. Davis will cover essential interview skills and applicable underwriting methods that will assist staff in making more loans while mitigating risk, including how to increase C, D and E paper loans while controlling delinquency.

Proper notes and documentation will be discussed as Davis incorporates a few loan workshop scenarios that will put attendee’s skills to the test. Attendees can also expect Davis to discuss collateral loan structure and auto loan recapture through cross-selling and best practice programs including how to cancel dealer products, and wrap up with focus on ancillary productivity and its role in credit unions today.

If you are planning to attend, please be sure and register by July 8 in order to secure the best rate. If you have any questions about the Comprehensive Lending 101 Seminar, please contact Training & Events, at (469) 385-6630 or (800) 442-5762, ext. 6630.