Strategies for Managing the Credit Crisis
Join Lowell Alcorn, managing director in BearingPoint‘s Lending and Leasing practice, as he responds to questions about the current credit crisis and how BearingPoint is assisting lenders with credit navigation tools and extensive market experience.
In this podcast we learn that fallout from sub-prime lending and historic default levels highlight a need for loss mitigation and loan default management. BearingPoint recommends an ‘evaluate, manage and improve’ approach.
These tools can help lenders manage the significant and growing set of risks in their portfolios before they result in loan defaults and foreclosures. They utilize the company’s deep operational, technology and consulting capabilities across the lending spectrum. Each fills a discrete and urgent business need, and each supports improvements to current, fragmented processes and systems that have historically posed challenges to lenders looking to identify and respond to portfolio risk at earlier stages in the loan process.