I will send it out. It is in excel format. Robin Seemann
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Anita Corriveau Sent: Friday, February 06, 2004 10:25 AM To: [EMAIL PROTECTED] Subject: Re: [WTW] [WtW] delinquency: proactive measures 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 > > > >
