Loan Modifications and Workouts: Best Practices for Managing the Process in 2020 and Beyond
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