Indirect Lending Institute - Las Vegas, NV - November 14-16, 2017

Indirect Lending Institute -  Las Vegas, NV - November 14-16, 2017
Tue Nov 14, 2017 - 8:00am to Thu Nov 16, 2017 - 4:00pm
Hosted By: 
Ed Swanson

 

Now more than ever credit unions are using dealers to attract car loans.  If not done correctly, your loans will increase with little profit.  Ed Swanson will share his expertise with attendees on how to combat these all too common issues. Ed will also discuss suggested dealer pricing and policies.  Whether you’re new to indirect or trying to increase profits, this school is a must for you!  

Highlights:

  • Learn how to use on-boarding as a means to increase the relationship and as a means to increase profit!
  • Dealers will play trick after trick on the untrained credit union employees that will ultimately cost you millions.  Learn specific dealer tactics used to slide loans through that are misrepresented and carry too much risk. 
  • Convert new “one and done” members into meaningful members that will enhance your credit union’s bottom line.    

CLICK HERE TO REGISTER or contact us 877-915-7675.

Registration deadline: 10/31/17

Location: 

Flamingo Las Vegas
3555 South Las Vegas Boulevard
Las Vegas, NV 89109
702-733-3111
$98 (includes $29 resort fee)
Hotel Deadline: 10/23/17 

Room Reservations, Click Here

Tuition: 

$1295 Per Attendee
 

Classroom Agenda: 

Daily Breaks: Morning at 10:00AM, Afternoon at 2:30PM

Tuesday, November 14, 2017

8:00 a.m. –  8:30 a.m.                     Registration/Continental Breakfast
8:30 a.m. –  12:00 p.m.                   Getting Started
12:00 p.m. –  1:00 p.m.                   Lunch Buffet
1:00 p.m. –  4:00 p.m.                     Decision Making

 

Wednesday, November 15, 2017

8:00 a.m. –  8:30 a.m.                     Continental Breakfast
8:30 a.m. – 12:00 p.m.                    Decision Making (cont.)
12:00 p.m. –  1:00 p.m.                   Lunch Buffet
1:00 p.m. –  4:00 p.m.                     Controls

 

Thursday, November 16, 2017

8:00 a.m. –  8:30 a.m.                     Continental Breakfast
8:30 a.m. – 12:00 p.m.                    Profitability
12:00 p.m. –  1:00 p.m.                   Lunch Buffet
1:00 p.m. –  4:00 p.m.                     Minimizing Losses

Classroom Topics: 

Getting Started - Learn…

  • The Pro’s and Con’s of using your own program or using a 3rd party
  • ​The number of dealers you should work with
  • How to maintain your dealer relations
  • Staffing - Can you handle 25% + of loan growth?
  • Training - Do your employees know what to expect and how to handle the dealers and pressure
  • Policies and Contracts - Are you protected?

Decision Making – Learn about…

  • Loan approval authority - Do your decision makers understand the big difference between direct and indirect lending?
  • Components of a valid score
  • Key underwriting factors
  • Straw Purchases - Can your employees recognize a straw purchase up front?
  • Lending tools to ensure good judgment
  • Utilizing and Understanding the HYLS Indirect Tool

Controls – Learn…

  • The IMPORTANCE of knowing what’s going on vs. guessing what’s going on
  • How to inspect and validate
  • If your employees are getting to cozy with the dealers
  • Policies and Procedures; loan to value, terms, employment verification, age and mileage of vehicle
  • Verification of contracts/applications
  • How to deal with fraud
  • Growth that is acceptable

Profitability – Learn about…

  • Pricing loans
  • Over financing premiums
  • Buy rate and up-charging
  • Cost of funding
  • Cross selling
  • First time buyer programs

Collections – Learn…

  •  How to minimize losses
  • Disposing of collateral
  • Measuring deficiency balances
  • Adding CPI - Is it a good idea?
  • When to repossess a car
  • How to deal with fraud dealers who play games
  • Why it is a good idea to have a portfolio analysis done