Today’s consumer lending environment is driven by new competition and regulatory changes. Successful bankers need to overcome these challenges and develop a knowledge base that demonstrates their expertise to customers when selecting credit solutions.
Consumer Credit is a one-day workshop that provides the knowledge to the participants with the information needed to evaluate a borrower’s request and recommend the appropriate solution.
Course Objectives
By the end of the course, the participants will be able to:
- Identify and assess different types of consumer credit including risks and pricing
- Examine several types of critical consumer protection regulations governing the extension of consumer credit
- Evaluate the initial credit requestwhile considering the customer’s character, capacity for repayment, and collateral offered
- Examine the tools and techniques to prove the creditworthiness of the borrower and their capacity for repayment including
- Credit history evaluation and forms of income and expense verification
- Credit ratios
- Discretionary income calculations
- Collateral evaluation
- Apply the overall findings of a credit investigation and financial analysis to weigh the credit risk and make an appropriate recommendation
- Discuss, in a high-level overview, proper loan documentation, and appropriate collateral interest
Suggested Prerequisites: None
Program Level:Foundational
Advance Preparation: None
Computers and Financial Calculators: N/A
Recommended CPE Credits: 7