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Have you ever wondered how your current collections workflow process evolved to its current state? To start at the beginning, let’s rewind to medieval...
We have talked about: the creation of the vision for our loan portfolios (current state versus future state) – e.g. the strategy for moving...
As stated in an earlier posting, healthcare providers should ensure appropriate compliance with the Red Flags Rule. There continues to be healthy debate as...
If the business is a creditor or a “financial institution” (defined as a depository institution) that offers covered accounts, you must develop a Program...
They have started to shift away from time-based collections managementactivities (the 30-, 60-, 90-day bucket approach). Instead, the focus is migrating towards the development...
By: Prince Varma Good day all. My last blog revolved around practical approaches to effective client relationship management. It time to get back to...
By: Prince Varma Part 2 Two additional tactics that you should incorporate into your relationship management penetration strategy include: Conducting relationship reviews in addition...
This post is a feature from my colleague and guest blogger, Barry Timm, Senior Process Architect in Advisory Services at Baker Hill, a part of...
The credit reporting agencies will not identify Red Flags, as such, on a credit report. However, there may be certain information on a credit...
By: Tom Hannagan Part 6 Peer Group 2 fee income Non-interest income again, as a percent of average total assets, declined to .86 percent...
If you have detected a Red Flag in connection with a credit application, are you prohibited from opening the account when following the Red...
Part four Improved change management process is one of the items at the very top of many collections professional’s wish list. In most legacy...
For all you folks who, like me, waited until the last minute to knock out a term paper or class project in school, here...
Red Flags Rule I've heard more than one institution claim that they may limit and even reduce the identity elements (perhaps down to just...
By: Prince Varma Hello. My name is Prince Varma and I’ve spent the better part of the last 16 years helping financial institutions (FI)...