Regional Training in St. Louis

Over the past several years, I have attended six Regional Training sessions (out of eight that we have hosted).  Each one is unique in terms of content and attendee participation.  Last week, I hosted our Regional Training event at the Hyatt Regency St. Louis at the Arch.  I’m always excited to meet the attendees; some of whom I have met before, others that I have spoken with many times on the phone but never met in person, and others whom I have never had any interaction with prior to the event.  Upon meeting me in person, the attendees usually exclaim either “you are EXACTLY how I pictured you!” or “you are NOTHING like I pictured you!”

In this small group setting, I feel it is my job to make sure that everyone is engaged during the 2-day training.  Attendees can learn best from each other.  How are other organizations using this area?  What else could we be using within the Square 1 Credit Suite?  The content is similar each time, but I try to always incorporate something new for attendees that have been to multiple training sessions.  For this event, we covered the following:

  • Loan Presentation: A more streamlined approach to handling renewals with the 15.1 release
  • Customized Reports:  How to create and ideas for types of reports
  • Managing Credit Risk:  A discussion of how the Square 1 Credit Suite is used within the attending organizations, plus an overview of portfolio reports, including the new NAICS concentration report
  • Documentation Tracking:  How the balances associated with exceptions are calculated, advanced search criteria and saving search criteria to recall later
  • Credit Analysis:  CRE Stress Testing, debt service coverage stress testing, and agricultural income/expense stress testing; also an overview of the new dynamic Personal Financial Statement
  • Suntell Document Imaging:  A discussion of best practices for imaging, document retention, and internal procedures
  • Management and Maintenance:  Creating accurate collateral records, and handling paid loans
  • Collections & Work-Out:  Past Due loans and Watch List action plans
  • Open Q&A

Of course, this particular event was made infinitely more interesting by the fact that we were in St. Louis during the World Series.  Game 6 was set to take place the Wednesday after training, with the stadium just a few blocks from our hotel.  A few attendees were even planning to stay and try to get tickets.  However, Game 6 was rained out…

We plan to host 2 more Regional Training events in 2012 so look for information on locations and registration!

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How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.