Loan Modifications and Workouts: Best Practices for Managing the Process in 2020 and Beyond
3:00 PM ET / 2:00 PM CT
In a recent Abrigo survey, nearly three-fourths of community financial institution C-suite employees expressed concern about the increased volume of loan workouts they would have to manage due to the impact of COVID-19. Given the rarity of adverse loans for most institutions over the last decade, it is no surprise the most common reason given for concern over loan workouts is inadequate staffing to handle the increased workload.
In this webinar, we will explore current trends across the country for loan workouts and modifications, the overall outlook, and best practices to manage the process at your institution.
Join to learn:
- Key warning signs of struggling loans and how to take action
- How to develop and maintain a successful workout process
- What factors and data points should be included in the overall analysis for potential modification
Regan Camp is Abrigo’s Managing Director of Advisory Services, leading a team of subject matter experts who assist financial institutions in accurately interpreting and applying federal accounting guidance. He began his career in financial services as a commercial loan officer at a $2.1 Billion institution. He then worked with Deloitte and Touche in their federal advisory practice, represented the FDIC in managing the day-to-day operations and eventual liquidations of failed financial institutions, and managed private consulting teams in assisting financial institutions with the administration of FDIC Loss Share Agreements, the establishment of special asset divisions and the resolution of troubled portfolios. At Abrigo, he provides Advisory Services clients a unique combination of experience and perspective as he works closely with each institution to develop sound and defensible allowance methodologies, policies, and procedures. Regan is a nationally recognized speaker, writer, thought leader, and trusted advisor, specializing in the ALLL, the CECL standard, and credit risk. Regan earned his undergraduate degree from Brigham Young University, where he studied business management and finance.