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Costly Mistakes to Avoid on Commercial Loan Documentation
In this webinar, the following areas will be covered for training pertaining to costly mistakes on commercial loan documentation:
- Missing information on the loan application
- Incorrect ownership on the loan docs
- Missing Bylaws and Operating Agreements
- Processing loan documents with missing signatures & initials
- Failure to not to accept 4506T Form corrected with whitener
- Incomplete Personal Financial Statement
- KYC (Know Your Customer)
- UCC Filing
- Collateral Insufficiency
- State Registration of the business
- Cash Flow Cycle Inadequacy
- Failure to Review Closing docs
- Failure to collect a business plan
- Learn what are the Lender’s Liability of error
Overview of the webinar
When lenders make costly errors on commercial loan documentation, it will cause delays in the closing process, delays for funding distribution, and a poor customer experience.
Who should attend?
- Loan Officers
- Loan review Officers
- Junior Lenders
- Entry Level Lender
- Credit Administration Support Staff
- Credit Risk Managers
- Commercial lenders
Why should you attend?
This webinar is essential to learn how to avoid any compliance violations that may and can impact commercial loan documentation. Lenders with basic familiarity or no lending experience will have the opportunity to have a better awareness of why it is crucial to follow protocol regarding loan documentation. Also, lenders will gain knowledge of making these kinds of mistakes can become a major liability and a legal challenge if not recognized and addressed right away.
Faculty - Ms.Carolyn Riggins
Carolyn Riggins - Founder/Owners at CDR Consulting Services, Business and Management Consultant, Trainer, Speaker, Coach, Author. She has more than 35 years of encounter in the financial industry with First Florida Bank, Barnett Bank, Mercantile Bank and TD Bank. At TD Bank, Ms. Riggins was driving and growing her client’s base relationship by $71 million through indispensable commerce development, training her employees in customer service and repeatedly coaching on sales. Ms. Riggins represented in multiple capacity levels of management roles regarding the several banks in her career path. Under her leadership she was qualified to vocation as an Assistant Vice President Store Manager, Vice President Hub Manager and Vice President Retail Area Manager.
In these various leadership positions, Ms. Riggins was successful with managing lower-level employees to mid-level managers by leading, develop and training to achieve sales revenue growth, deposit growth, customer growth, lending growth and focusing on compliance. In addition, component of her portfolio was lending for businesses starting with initial interviewing process, reviewing financial documents, and closing loans.
As a consultant, she specializes and supply financial management expertise services equipping management through problematic issues. She works with many owners and leadership of companies to become aware of daily protocols to avoid any financial or management gaps. Also, she provides training on compliance matters and identifying financial gaps for startup companies up to $5 million companies in revenue sales. In addition, Miss Riggins uses her Bachelors of Applied Science degree in Management and Organizational Leadership from St. Petersburg College as well as her Business Consultant training from International Association of Professional Career College to assist numerous companies and non-profit companies to accomplish goals of improvement in all aspects of operating a company. Her final goal for CDR Consulting Services is to continue to prepare, educate and coach management continually by using her expertise daily to change, transform and impact companies to reach their goals.