CHICAGO, Ill. — Basics of recreational marine lending will be addressed during the National Marine Bankers Association’s (NMBA) Annual Marine Lending Workshop scheduled for December 7 – 9 in Fort Lauderdale, Fla., the association reported Tuesday.
The two-day program is specifically designed for those entering or specializing in this branch of consumer lending and provides a complete course on the various elements of pleasure boat financing, stated the association
Sessions will include: Industry Overview, Market Planning and Development: Elements of a Successful Marketing Strategy; Marine Insurance: Protecting the Collateral Investment; Collateral Evaluation: Assessing Accurate and Reliable Values; Credit Analysis: Perspective and Technique; Registration and Lien Perfection: State and Federal Registrations; Collection and Repossession: Successful Management of Problem Accounts; and Collateral Remarketing and Liquidation: How to Minimize Losses Through Effective Marketing, according to the association.
NMBA’s goal is to prepare industry lenders, collectors and sales personnel to recognize the potential and the risks of this niche lending sector.
Each participant will receive a 200-page reference manual. The five instructors for the workshop are expert marine lenders, collectors, asset managers, attorneys and insurance specialists with over 125 years of combined marine experience, the association reported.
Registrations are limited and will be accepted until November 26. Complete details and registration forms are available at www.marinebankers.org or by contacting Sheila Glover at 312/946-6278, firstname.lastname@example.org.
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