Dear Rbin, The same goes for me - Would love to see your scorecard.... Thanks much- Anita PS - Have a great weekend!
Anita Corriveau WAYS to WORK Family Loan Program Center for Family Services 584 Benson Street Camden, NJ 08103 856-964-1990 ext. 295 856-964-0242 fax [EMAIL PROTECTED] ---------- Original Message ---------------------------------- From: "Angie Butterfield" <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] Date: Thu, 5 Feb 2004 15:27:54 -0600 >Robin, > >Please send me the score card and scoring information that you use. I would >like to review it and consider it for our programs in Dothan and Montgomery, >Alabama. > > Contact information: > Angie Butterfield > Ways to Work > Family Guidance Center of Alabama > 1284 Perry Hill Road > Montgomery, AL 36109 > (334) 270-4100 ext. 253 > [EMAIL PROTECTED] > >Thanks much. >Angie > >----- Original Message ----- >From: "Robin Seemann" <[EMAIL PROTECTED]> >To: <[EMAIL PROTECTED]> >Cc: <[EMAIL PROTECTED]> >Sent: Thursday, February 05, 2004 12:38 PM >Subject: RE: [WTW] [WtW] delinquency: proactive measures > > >Dave, > >The thing about holding off can be quite devastating to your program. We >were not able to fund loans for a 4 month period. The results, we had to >jump start our program again, which is still taking an effort 9 months >later. Loans continued to default due to the economy and its many issues >and we had no dollar amounts for funded loans, which the defaulted dollars >use to create your default %'s . When you lend out no dollar and $3000 >default in a month, your default rate for the month is 0%. But of if this >continues for a few months and you run a report that covers a few months >defaulted dollars will calculate against funded loan dollars resulted in a >high over all default rate. > >My Jan 03 - March 03 is as follows > >Jan 03 2 loans funded $5576 1 loan defaulted $1794.49 default rate 32.20% >Feb 03 0 loans funded $0.00 1 loan defaulted $ 291.72 default rate 0% >Mar 03 0 loans funded $0.00 3 loan defaulted $5879.57 default rate 0% > >Jan through Mar 03 report >2 loans funded $5576 5 loan defaulted $9154.38 default >rate 142.80% > >It is better to review and analyze your portfolio while remaining in >business and funding loans. The most important thing is start your analysis >to quickly find your trends. This will result in loans being made >statistically verses judgmentally. You will be making better loans. The >analysis is an ongoing thing, which can lead to new trends due too the >economy or geography and demographics of your area. You should note that >variances will arise too, which at first appear few but could result in an >ongoing trend. If so analyze many things, perhaps marketing, perhaps types >of loans, perhaps limits, perhaps education, perhaps new partnerships, >perhaps scoring and weighting and perhaps procedure, policy and finally >eligibility. > >Monitoring your current portfolio lets you clearly see impacts and >deficiencies and strengths. > >Good luck. > >-----Original Message----- >From: Dave Washburn [mailto:[EMAIL PROTECTED] >Sent: Wednesday, February 04, 2004 1:43 PM >To: Robin Seemann >Subject: RE: [WTW] [WtW] delinquency: proactive measures > > >Hi Robin, > >Of course I had you in mind for the analysis part of my e-mail to the >listserve. > >Did you write a report on your analysis which details how you analyzed the >delinquencies & defaults, as well as shows the results? If so, could you >share it with me? > >Thanks, >Dave >ph. 808-532-3939 >fax 808-532-3930 > >-----Original Message----- >From: Robin Seemann [mailto:[EMAIL PROTECTED] >Sent: Wednesday, February 04, 2004 5:12 AM >To: [EMAIL PROTECTED] >Subject: FW: [WTW] [WtW] delinquency: proactive measures > > > > >-----Original Message----- >From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] >On Behalf Of [EMAIL PROTECTED] >Sent: Wednesday, February 04, 2004 9:23 AM >To: [EMAIL PROTECTED] >Cc: [EMAIL PROTECTED] >Subject: RE: [WTW] [WtW] delinquency: proactive measures > > >Hello Dave: > >Great idea. What we are doing in Detroit is to identify those >"characteristics" or pattern of "characteristics" among those folks who >default so that we can then begin to develop a profile that we will review >quarterly as part of our quality indicator process (CQI). We will also >compare this data against the loan eligibility criteria and review that >also. > >Michelle Rowser >Ways to Work Detroit > >> -----Original Message----- >> From: Dave Washburn [SMTP:[EMAIL PROTECTED] >> Sent: Tuesday, February 03, 2004 5:15 PM >> To: [EMAIL PROTECTED] >> Subject: [WTW] delinquency: proactive measures >> >> Dear colleagues, >> >> I'd like to develop procedures to correct defaults/delinquencies >> before they get to our maximum tolerance of 15%. I'm thinking some >> kind of corrective >> actions- beyond regular collections -should be scheduled if the >> default rate gets up to and beyond 11%. >> >> My current ideas: >> * Perform analysis of defaulted customers to ID "red flags" that may >> not have been noticed during loan review. >> * Meet with loan review committee for decision on corrective action to >> be taken. >> * Schedule time (1-4 weeks) to freeze new loan activity (no new loans, >> no >> interviews) to concentrate on corrective action and collections. >> >> What do you do that has proven to be successful? >> >> Please add to or comment on my brainstormed bullets, above. >> >> Thanks, >> >> Dave Washburn >> Consuelo Foundation >> Honolulu > > > >
