The best workout officers know how to minimize the risks their banks run. By developing strategies that get borrowers to provide additional payments, collateral, meaningful warranties from all obligors and guarantors, etc., workout officers can dramatically reduce potential losses.
The Workout Manual is filled with practical information that will help lenders managing problem loans make effective decisions. It provides an orderly sequence of activities for each workout credit, including strategies for coping with common situations.
The publication also contains tips on working with legal counsel and examples of correspondence with borrowers. Other topics include spotting ailing borrowers, strategies for coping with documentation flaws, when to put in new money, bankruptcy strategies, and suggestions for moving OREO assets.
To purchase The Workout Manual, contact RMA's Customer Care at 1-800-677-7621 or order online.