Thursday, Aug. 27, 2020, 04:56 PM
Not only are finance-company leaders likely are thinking of the health of themselves as well as well their family, friends, employees and customers, but also the condition of their outstanding portfolio.
In an attempt to aid the status of the last segment on that list, Wolters Kluwer’s Lien Solutions is hosting an informational webinar on Wednesday titled, “Practicing Sound Loan Management in a COVID World.”
Beginning at 2 p.m. ET, experts plan to share perspectives and practical tips on managing portfolios in the wake of the pandemic’s broad economic impacts.
Scheduled to present is Robert Inskeep, who spent 33 years as a national bank examiner at the Office of the Comptroller of the Currency (OCC).
Inskeep will share insights on how lenders can protect themselves by improving loan portfolio management practices, tightening controls and performing self-assessments. He will also explore the Interagency examiner guidance and offer practical tips, from an OCC examiner’s perspective, on the potential consequences of poor execution of policies and procedures as banks deal with auto-financing challenges amid the COVID-19 pandemic.
Also on the agenda is Wolters Kluwer’s Rick Vanko, senior product manager for iLien Motor Vehicle Solutions. He will share advice on how to protect and perfect one’s motor vehicle collateral by addressing any possible loan exceptions, including managing the costs of those exceptions.
“While the regulatory and legal obligations behind auto lending remain unchanged, the ways in which lenders are adapting to operate in a disrupted economy present unexpected challenges. The increasing volume of loan defaults and car repossessions means significant challenges for lenders in managing higher loan portfolio risk while maintaining compliance with banking laws and regulations,” Wolters Kluwer said.
Registration of the webinar can be completed on this website.