We have built a reputation over the years helping bankers with lending
issues. A trend we have been noticing is a significant
increase, over the past 15 months, in foreclosures and problem
commercial loans. The normal business cycle is
just a part of the industry, but that does not make the experience
painless. When special asset help is needed, you need it
NOW. When a downturn does arrive, banks
do not want to be without the help of experienced special asset
personnel.
Experience
This type of knowledge is specialized, is an expensive fixed cost, and
is not very useful when things are going well. However,
when you need this type of knowledge and experience, nothing takes its
place. At BBCON Training & Publishing we have
experienced special asset consultants with over 30 years
experience. Our prevailing goal is to help you minimize
hardships and maximize the opportunities of workout situations.
What
We Offer:
We will perform an on-site review of:
special asset collection procedures for both
consumer and commercial loans;
current documentation practices (if your
documentation is faulty, your leverage with the borrower/debtor is
weak),
effective use of legal counsel that reduces legal
fees and, at the same time, increases recoveries;
Staff understanding of:
Laws governing proper collateralization
Collection remedies available including
foreclosure and seizure of non-collateral assets
Sources of information about the debtor
and/or the debtor's assets
When to pursue a workout, foreclosure, or
litigation
There will be an oral exit review with senior
management regarding findings and recommendations.
There will be a formal written report of findings
and recommended correction actions.
