MADISON, Wis. (10/27/08)--The consumer lending process and development lending strategies in current and future market conditions are addressed in a recently revised Certified Executive Program (CEP) course, the Credit Union National Association’s self-study program for professional growth in the credit union industry. Consumer Lending--course no. 2700--provides an overview of the current and future lending environment, including the impact of economic trends and the importance of financial management on lending operations. It also addresses the basics of credit scoring and risk-based lending, along with human resources and legal issues that impact the lending department. Also, the course covers regulations and compliance issues, including:
* Marketing loan programs; * Completing loan applications; * Loan processing, servicing, and closing; * Collections statutes and regulations; and * Other issues.
The course is required to earn the CEP specialty certification of Certified Lending Specialist. It can also be taken as an elective for two other CEP designations: Certified Credit Union Executive and Certified Financial Services Professional. For more information, use the link.