Sessions are February 9, 10 and 11 at 10 a.m. - 12 p.m. ET. Delivery platform is Zoom, plan to join us via your laptop or phone. You will receive a link to join the events the afternoon prior to each scheduled session. Video is NOT required.
February 9, 2021
10 a.m. Navigating COVID-19 & The Rough Credit Cycle in Its Aftermath David Ruffin, Principal, Intellicredit, a QwickRate company
A black swan named COVID-19 has ushered in a swift and dramatic end to the prolonged and recently benign credit cycle. Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by this crisis to be problematic and extensive. Now is the time to adopt aggressive new approaches to discover and monitor portfolio credit quality — both in aggregate and transactional - including loans affected by COVID-19. This session will explore the roles of senior management in this process and discuss regulatory expectations moving forward.
11 a.m. COVID-19 and Its Impact on Your Allowance (Recorded Session) Nathan King, nCino
While financial institutions navigate the current economic storm brought on by COVID-19, an inevitable question arises: how will the current crisis impact my allowance for credit losses? In this session we will go over the timing and impact of CECL, how the current state of the economy has complicated concerns associated with COVID-19, and its potential impact to estimates for expected credit losses and Q&E adjustments in both the current ALLL and future CECL models.
February 10, 2021
10 a.m. Residential Lending is Evolving • Are You Keeping Up? Paul Katz, Managing Director-Head of Bank Relations and Dean McCall, Managing Director-DevOps and Data, Promontory MortgagePath LLC
In the immediate mortgage-crisis aftermath, most consumers believed getting a mortgage was hard. And it was. But something changed. The past four years spawned multi-billion-dollar ad campaigns from mega lenders reassuring consumers that getting a mortgage is simple now - thanks to technology. (Spoiler alert: it’s not.) The perception may have changed, but mortgages aren’t “easy,” and the true transformation from an analog to a digital mortgage process is still in its infancy. This session will discuss the recent advancements in technology that are changing the residential lending process and explain the shift in borrower’s digital expectations.
11 a.m. Stress Testing: Best Hedge Against COVID-19 Credit Risk Uncertainties David Ruffin, Principal, Intellicredit, a QwickRate company
The U.S. GDP suffered its worst decline on record in Q2. At the same time, banks reported strong quarterly earnings. So what’s ahead for our industry? Given 2020’s huge uncertainties, how can you start preparing? Be proactive. This session will discuss five effective ways to help safeguard your credit portfolio. Each one can help you plan for, measure, and control your bank’s exposure to events that can send credit risk soaring. We’ll also discuss the advantages of tools that include both top-down (portfolio level) and bottom-up (loan level) approaches. This time around, minimize your losses by knowing where your portfolio might be moving and what type of capital cushion you have.
February 11, 2021
11 a.m. Construction Lending Fundamentals - Industry Intelligence for Construction Loan Officers Rick Blaylock, Director of Corporate Development, CodeFi Solutions
Most bankers acknowledge that construction lending is riskier than other types of commercial lending. This session will address techniques to mitigate the risk and offer guidance on how to extend credit safely and profitably. Real examples of construction lending pain points encountered by over 250 lending institutions will be shared to ensure your construction lending team is operating at peak performance.