Program Description:
The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CLBB, CPB, & CRCM credits.
It's not what you know that will hurt you in lending-it's what you don't know that can devastate your Institution! We will review the Experian, Equifax and Trans Unions credit reports, different file formats, and add-on products available. We’ll cover questions like: Can we get scores on Commercial Credit Applications? Do the bankruptcy scoring models really work? Can we use credit scores to streamline the lending and checking account process? Which credit reports are the best for my area? How can I run simple cost effective file comparisons? We will cover reporting your information, why you should run quality checks on that data and FCRA/FACTA compliance.
This 2-Hour Webinar Covers:
- Review different “Credit Files” from Experian, Equifax, and Trans Union. Determine which file is best for your company.
- Credit Scores - What affects the score – How the scoring systems work will surprise you.
- Learn their strengths and weaknesses of FICO, Emperica, and Beacon.
- “Add-on” products that will help you spot fraud on the front end.
- When using scorings models you must comply with Fair Credit Reporting Act / FACTA.
- Build a better portfolio-Open loans faster than competitors. Get the BEST customers.
- Bankruptcy– Evaluate the bankruptcy models and determine the right one for you.
- Accounts Receivable Scoring – Prioritize your efforts, and collect your accounts sooner.
- Reporting your information & EOSCAR-How your credit information affects the score?
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This informative session is designed for CEO's, CFO's, Directors, Presidents, Managers, Branch & Assistant Managers, Credit Analysts, Commercial & Consumer Lenders, Compliance Officers, Collectors, Trainers, and anyone responsible for establishing & maintaining credit & collection policy & procedures.
Presenter:
Greg Souther is President of Greg Souther Consulting & Seminars (www.gregsouther.com) a firm that provides training and consulting to companies in the following areas: Customer Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales.
With over 25 years of training and speaking experience, Greg and his associates share practical "how to" advice that everyone can easily understand and use in their daily work environment.
Greg was Co-Owner and Manager of The Credit Bureaus of Southeast Georgia, the parent company for six Credit Reporting and Collection Agencies based in Brunswick, Georgia. Other Management, Marketing, and Human Resource experience includes Credifax, formerly the Credit Bureau of Jacksonville, the Credit Bureau of Valdosta, and the Credit Bureau of Athens.
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