I have sat through multiple webinars and created my own webinar to prepare our clients and one thing seems to be consistent. No one really knows what’s going to happen once collateral underwriter is launched. There appears to be two schools of thought on collateral underwriter.
Look at the numbers: 20.6% increase in home equity lending year over year, HELOC’s represent 15.4% of all mortgage lending nationwide, borrower equity increased by $1 trillion year over year and nationwide 1 million homes in positive equity.
Credit unions are in a crisis. The mortgage meltdown was the start. The over-tightening of regulator oversight exacerbated the problem.
There’s almost nothing you can't learn about today if you go looking for it. Because of this, "training" and "teaching" is really curating and distilling. Groups are already doing this and making it accessible to anyone for free.