1. COVID-19 and Documentation When Providing Accommodation To A Borrower: What You Need to Know

COVID-19 and Documentation When Providing Accommodation To A Borrower: What You Need to Know

$129.00
Marques Ogden will review the due diligence you must conduct when providing accommodations to borrowers. You will learn how to improve the likelihood of loan repayment after the pandemic.
Event ID: 2609612
Recording: Unable to attend? A recording will be available after the presentation.
Date: Tuesday, September 1, 2020; 2 PM Eastern
Duration: Scheduled for 60 minutes including question and answer period.
Presenter: Marques Ogden

COVID-19 and Documentation When Providing Accommodation To A Borrower: What You Need to Know

Many of your borrowers are likely struggling during the coronavirus pandemic. To determine where to make accommodations, you can analyze payment performance before COVID-19 struck. Pattern recognition will help you differentiate temporary challenges from long-term weakness.

You need to develop new strategies to evaluate the financial data, behaviors, and repayment plans for individual W-2 workers and business owners.

  • What do payment histories reveal and foreshadow?
  • How should you compare pre-pandemic income to current income?
  • What do current debt-to-income ratios show?
  • What information should you glean from profit-and-loss statements?
  • Why are business and recovery plans necessary?
  • What collateral must borrowers have? How should you calculate its value?

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