Problem Loans Part 2

• by Richard Turner
• Jul 21, 2008
• 1 min

In this video series-2, Richard Turner, former Chief Credit Officer, ShoreBank, taking the discussion further on delinquency loans advises loan officers to follow a certain code of conduct when they are sure the loans have become a problem. Richard cautions loan officers to treat a problem loan with patience and time if a loan officer […]

In this video series-2, Richard Turner, former Chief Credit Officer, ShoreBank, taking the discussion further on delinquency loans advises loan officers to follow a certain code of conduct when they are sure the loans have become a problem. Richard cautions loan officers to treat a problem loan with patience and time if a loan officer deals with a client who is willing to change and rescue the business. He shares that monitoring visits for problem loans are a great way of learning about making loans which one wouldn’t find in books.