04/08/14 - Archived: VirtualCorps Webinar: Risk Based Pricing: Using Statistically Derived & Validated Risk Based Loans

04/08/14 - Archived VirtualCorps Webinar: Risk Based Pricing: Using Statistically Derived & Validated Risk Based Loans $99.00

 

Archived VirtualCorps Webinar:
Risk Based Pricing: Using Statistically Derived and Validated Risk Based Loan Pricing Modeling to Benefit the Credit Union and Members

Highlights
Many credit unions have been using Risk Based Lending for a long-time. RBL offers credit unions an opportunity expand lending to more members from low to higher risk. The key to successful RBL is empirical risk based pricing. Effective and accurate risk based pricing requires the comprehensive calculation of all costs associated with loan function in the credit union. Only with accurate and complete calculations of costs can rates be set that provide an adequate return to the credit union. This webinar will discuss how to identify and quantify costs, what is essential to set fair rates and achieving adequate yields. It will also discuss regulatory expectations for risk based loan pricing.

  • How Risk Based Loan Pricing benefits the credit union
  • How Risk Based Loan Pricing benefits all members
  • Applying Risk Based Loan Pricing concepts
  • How to maximize yield with managed risk
  • How to expand non-prime lending with RBP

Takeaways

  • Cost identification worksheet
  • Statistical support for risk based pricing
  • Worksheet comparing tiered pricing with Risk Based Pricing
  • Employee work log

Who Should Attend

  • CEO, CFO, Lending staff

Speaker: Randy Thompson
Randy’s background includes more than 10 years in banking, 15 years in higher education and 4 years in state and national government. He has held various positions in his banking career including branch manager, senior commercial loan officer, and Division Vice President. During his banking tenure he created a cutting edge methodology for pricing commercial loans. His research and teaching focused on the development of effective behavior change models. A major part of his teaching was graduate statistics & research and his statistical background provided a foundation for the development of CostPro™ Suite.