Banking Up-Sell and Cross-Sell Strategies that Work
Every customer relationship is an opportunity to cross-sell other products and services as the relationship grows. Customers also benefit from earning interest on their savings and by having one...
View ArticleBank Garnishment Procedures
Wage garnishment is a legal procedure in which a person's earnings are withheld by their employer to pay a debt such as child support or student loans.
View ArticleFound Property
Question: Can I keep the $500,000 I found in the walls of the house? Answer: Probably not, but it depends upon the nature of the found property. ANSWER: PROBABLY NOT, BUT IT DEPENDS UPON THE NATURE OF...
View ArticleCommercial Loan Documentation
Much like applying for a home loan, securing a commercial loan can be a long and drawn out process that involves plenty of critical documents. Companies looking to lease funds for a corporate property,...
View ArticleConsumer Protection Provisions of the Dodd-Frank Act
Banking professionals and attorneys must keep themselves informed regarding the varying aspects of the financial industry, especially when it comes to consumer protection provisions. These regulations...
View ArticlePost Foreclosure Title Insurance Issues
Banks that have seized property during the foreclosure process are increasingly running into problems when properties lack title insurance. This issue often significantly increases the amount of time...
View ArticleFATCA Provisions
The Foreign Account Tax Compliant Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment Act (HIRE) in 2010. FATCA was designed to combat tax evasion through offshore investment...
View ArticleSBA Loan Criteria to Watch Out For
The U.S. Small Business Administration loan process provides a unique, government-sponsored financial help to thousands of small businesses every year. However, each loan has to also meet certain...
View ArticlePreventing Attrition in Your Bank
When employees decide to voluntarily leave their jobs, then the business is experiencing employee attrition. Many employers especially in the banking sector do not like employee attrition because it...
View ArticleRules of Regulation O
Regulation O is the extension of credit to high ranking officials of the member bank such as director, executive officer, or principal shareholder of that financial institution. It can also be the bank...
View ArticleEssential Frontline Skills
Frontline personnel are the staff in organizations who deal directly with ground level employees as opposed to upper managers who have little or no contact with employees in the lower cadres. Frontline...
View ArticleProper Verification of Checks and Applying Holds
As a banker or teller, one of the things one must do is verify negotiable instruments. Fraudsters have access to many and better printing devices in the 21st Century and will try to pass fraudulent...
View ArticleCommitment Letters and Loan Risk
A loan commitment can be used as a transaction, and is critical for a real estate or building construction project. The loan risk can be mitigated by several steps towards the completion of the...
View ArticleRecent Trends in Asset-based Lending
Asset-based lending (ABL) has existed for decades. It has evolved over time from very basic with few alternatives to a first-lien/second lien combination to bifurcated collateral loan structure....
View ArticleBanking Issues with Living Trusts
Living trusts are legitimate planning options and a frequent legal tool used in estate-planning. Most trusts are set up to be revocable, and allow the property owner to change the arrangements of the...
View ArticleRisk Management In Banking Companies
Risk Management in bank operations includes risk identification, measurement and assessment, and its objective is to minimise negative effects risks can have on the financial result and capital of the...
View ArticleFront Line Employees: The Compliance and Customer Service Balancing Act
Working in the banking industry can be a challenge. This is especially true for those front line employees that have to balance between making the customers feel welcome and happy and adhering to the...
View ArticleCommitment Vs. Proposal Letters - When to Use Each Letter
Todays economic times require nearly every person desiring to make a major purchase to borrow the funds that are needed. For this reason individuals must petition financial institutions and wait for...
View ArticleFundamentals of Set-off Rights
The fundamentals of set-off rights refer to either a creditor's explicit right, or an agreement by parties to identify portions of a debt that could be offset with other amounts owed, should one of the...
View ArticleConstruction Lending Prerequisites
Understand that the requirements for construction lending involve criteria and mandates established to protect both the lending institution, mortgage brokers and, ultimately, the consumer. Know that...
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