September 2 event provides lenders insights into managing rising auto lending risks
Wolters Kluwer’s Lien Solutions business hosts an informational webinar, "Practicing Sound Loan Management in a COVID World" to share perspectives and practical tips on managing loan portfolios in the wake of the pandemic’s broad economic impacts. The webinar, which focuses on loan portfolio management in auto lending, will be held Wednesday, September 2 at 2:00 p.m. EDT.
While the regulatory and legal obligations behind auto lending remain unchanged, the ways in which lenders are adapting to operate in a disrupted economy present unexpected challenges. The increasing volume of loan defaults and car repossessions means significant challenges for lenders in managing higher loan portfolio risk while maintaining compliance with banking laws and regulations.
Presenting is Robert Inskeep, who spent 33 years as a national bank examiner at the Office of the Comptroller of the Currency (OCC). Inskeep will share insights on how lenders can protect themselves by improving loan portfolio management practices, tightening controls, and performing self-assessments. He will also explore the Interagency Examiner Guidance and offer practical tips, from an OCC examiner’s perspective, on the potential consequences of poor execution of policies and procedures as banks deal with auto lending challenges amid the COVID-19 pandemic.
Also presenting is Wolters Kluwer’s Rick Vanko, Senior Product Manager for iLien Motor Vehicle Solutions. He will share advice on how to protect and perfect one’s motor vehicle collateral by addressing any possible loan exceptions, including managing the costs of those exceptions.