You may offer different types of loans: multi-family, rehab, microbusiness enterprise, refinance, single family rehab, forgivable, 0% interest, etc., and you may do a great job at that. But what happens once the loan is closed and funded? Often little thought is given to how to best manage the collecting on those loans. Without proper systems in place, delinquencies can sharply increase, and problems can arise when borrowers feel they have not been given the attention they deserve.
Applied Business Software will walk attendees through the proper procedures for servicing loans. And if you are using spreadsheets for this, you must attend! From statements, notices, correspondence, collections, reporting, and everything in between, you’ll see how you can streamline your loan servicing department through the entire process. And the best part is your constituents will have a better borrowing experience that will reflect positively on your County.
Please join NACCED Platinum Member, Applied Business Software, on Thursday, January 31 at 2:00 pm ET.