Webinar: Consumer Debt Resolution Series: Maximizing Recoveries on Charged-Off Loans
"Out of sight, out of mind" shouldn't describe your charged-off loans. With a combination of in-house efforts, collection agencies and law firms, there are many ways to find money in those "worthless" loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge off to effective third-party placement details to the science of tracking and comparing recovery results, this webinar explores the practical side of the forgotten art of charge-off recovery and examines innovative techniques to maximize the return.
About This Session:
This webinar will cover the following topics:
- Exploring the timing of charge offs
- In-house versus outsourced collections
- Agency or law firm - choosing the best placement option
- Tracking recoveries on charged-off loans
- Changing horses - account recall options
- TAKEAWAY TOOLKIT with an account placement worksheet and the life of a charged-off loan
Who Should Participate:
Executives, volunteers, CFOs, lending managers, collections managers, collections staff and others interested in maximizing return from charged-off loans
About the Presenter:
David A. Reed, JD, Reed and Jolly, PLLC
Attorney, author, consultant and nationally recognized speaker David Reed is a partner in the law firm of Reed and Jolly, PLLC. He provides guidance to credit unions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. A former trial attorney and VP/general counsel of a large credit union, Reed is known for his expertise in the areas of credit union operations, bankruptcy and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management and bankruptcy.