I will send it out. It is in excel format. Robin S
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Angie Butterfield Sent: Thursday, February 05, 2004 4:28 PM To: [EMAIL PROTECTED] Subject: Re: [WTW] [WtW] delinquency: proactive measures 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
