Robin- Thanks much!!! Anita 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: "Robin Seemann" <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] Date: Fri, 6 Feb 2004 11:17:34 -0500 >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 >> >> >> >> > > >
