Program Description:
Credit Scoring systems use various statistical programs that take into account many factors – history of bill paying, outstanding debts, collections actions, bankruptcies and others – and are based on empirical, real world data. This allows lenders to place less reliance on subjective opinions in an effort to increase the likelihood of repayment. But do they always work? The objectives of this seminar are to provide you with the tools to:
- Understand the benefits of high credit scores
- Understand the basics of credit scores
- How credit scores work
- Helping your customers understand their credit score
- The merits of using credit scores in modeling
What You Will Learn:
- Interpreting Credit Scores
- National & State Averages
- Trends in Credit Scores
- Using Credit Scores to Calculate Percentiles
- Using Credit Scores as a Predictor of Default
- Developing and incorporating credit score models
Who Should Attend:
New and experienced mortgage lenders, consumer lenders, administrative loan staff, personal bankers, and new accounts representatives.
Presenter:
Aaron Clarey received his Bachelor's of Science in Finance with High Honors from the University of Minnesota. He has been teaching community education courses in Minneapolis, St. Paul, and Seattle for the last 7 years and online courses on stock valuation techniques. His courses include Researching, Valuing, and Analyzing Stocks, Investing Online, and many other financial related topics.
Registration Information:
Fax or mail this registration form, or register online, by April 30, 2007.
Make checks payable to Center for Financial Training (CFT). Withdrawals made prior to the registration deadline will receive a full refund or a credit toward a future CFT seminar. Withdrawals made after the registration deadline will not receive a refund or a credit. Substitutions may be made at any time. No-shows will be charged the full amount.
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