Decision Trees: How Can They Strengthen Your Loan Portfolio?
Do you want to stand out in the forest of competitors? At TCT Risk Solution’s webinar, we will teach you how to utilize decisioning trees to maximize your profits and diversify your portfolio.
Too often, credit union managers think they are taking the “high road” when they limit their loan approvals to high credit-score borrowers. However, balancing your loan portfolio to include less-than-prime borrowers creates a sustainable growth model and diversification.
NCUA supports risk-based lending and risk-based pricing
Risk based lending for the purpose of serving a wider member base is not a new concept. NCUA Chairman of the Board, Norman E. D’Amours stated: “Credit unions should engage in risk-based lending, not as a means of re-pricing existing balance sheets, but as a tool to reach out to the under-served and take a risk that might otherwise be avoided.”
There are advantageous reasons to balance loan portfolios with a broad spectrum of loan types and borrowers. These include:
Credit unions that loan to less-than-prime consumers using Risk Based Loan Pricing tools and decisioning trees experience member increases, loan portfolios increases, and profitability.
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The Loan Decisioning Tree
July 12
11 am PT • 12 pm MT • 1 pm CT • 2 pm ET
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