Beyond the pandemic risk series [Part 2]: Long-term strategies to optimize returns & minimize losses

by The CU Lab

With unemployment at a record high, loan payment risks are certain to increase over the coming months and years. Adopt a risk management approach that will address risks beyond the here and now.

Key Takeaways:

  • [02:53] Because of the moratorium on repossession, forbearance on mortgages, and gracious level of consumer sensitivity by financial institutions, we are more than likely going to encounter activity that should have existed in 2020 that is now going to be pushed to 2021.
  • [10:53] We are seeing the need for stronger decisive action toward delinquency management starting now. We will be experiencing some of the ramifications throughout 2021.
  • [17:09] We have to focus on compliance strengths. There is going to be a stronger need for outsourcing.

 

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