Robin, Can you send us the excel spreadsheet also? Michelle Detroit WtW [EMAIL PROTECTED]
> -----Original Message----- > From: Robin Seemann [SMTP:[EMAIL PROTECTED] > Sent: Friday, February 06, 2004 11:17 AM > To: [EMAIL PROTECTED] > Subject: RE: [WTW] [WtW] delinquency: proactive measures > > 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 > > >
