Duration: 115 minutes
Presenter: Justin Conrey and Nigel Ramoz-Leslie, CUBG
Looking to establish a portfolio of small dollar business loans at your credit union? How can you analyze and underwrite these transactions in an efficient and cost-effective manner that makes sense for the credit union and your borrower?
In this session recorded from CUBG’s 2022 Portland Conference, join CUBG’s Justin Conrey and Nigel Ramoz-Leslie and focus on understanding and assessing the potential credit risks associated with smaller dollar transactions. Learn how to appropriately implement this type of lending at your credit union, and which business types are best for these small dollar loans. We’ll focus on evaluating primary credit factors including profitability, cash flow, and credit score analysis and review secondary underwriting factors such as liquidity, time in business, collateral type, and general industry risk. This will typically involve multiple levels of the financial institution from branch and retail-facing functions all the way up through credit and documentation of the loan. We’ll also provide an overview of a successful small dollar platform, and discuss ongoing portfolio management for these loans, including best practices for monitoring and evaluating risk as well as alternative models for approving these transactions, including automated credit scoring and the strengths and weaknesses associated with these financial models. The session will close with a roundtable discussion regarding helpful strategies that have enabled growth at your credit union.
Purchase Terms & Conditions
After the order is approved, you’ll receive an email with links to download the education materials. After you download, you will be able to save the files to your shared network and use the training for your credit union going forward.