This webinar will cover a bountiful abundance of consumer lending topics, including loan purpose, policy and procedure, loan application and interview, repayment sources, underwriting, collateral, calculating debt-to-income and loan-to-value ratios, lending ethics, privacy, and more! Don’t miss this one-stop shop for the basics of consumer lending.

This program will dive into the basics of consumer lending, whether your financial institution manually underwrites loans or uses an automated credit decision model. It will cover typical loan policy content and types of consumer loans, including mortgages, installment loans, and revolving credit.

You’ll learn to compliantly conduct a comprehensive loan interview and thoroughly complete a loan application. Underwriting basics will be provided with examples of calculating debt-to-income and loan-to-value ratios, reading credit reports, and using credit scoring models. You’ll discover how to take collateral to secure your loan, including determining the collateral’s owner, perfecting your interest, and monitoring. 

In addition, this presentation will contain an overview of the key consumer loan regulations, address the basics of lending ethics, explain the critical nature of confidentiality, and help you avoid the most common errors in consumer lending