May 4, 2016
BROOKFIELD, Wis. — OnCourse Learning, in partnership with Eensight, has launched new Commercial and Consumer Lending Training programs and a Credit Skills Diagnostic Assessment to help financial institutions save money.
“Better credit decisions by well-trained employees can save financial institutions millions of dollars,” said Brett Shively, executive vice president of financial services for OnCourse Learning, which provides workplace solutions and education in the healthcare, real estate and financial services industries. “Our two robust training programs will assist financial services institutions that want to improve their commercial and/or consumer lenders’ required credit-lending skills.”
Commercial Lending Training Program
This 10-module program equips lenders with comprehensive skills to analyze a commercial lending request and prepare a highly effective credit write-up. Modules are either two or three hours long. The self-paced program, which is web-based, emphasizes the competencies needed to identify, interpret and analyze risk.
It is designed specifically for commercial lenders, underwriting staff, relationship managers, portfolio managers and branch managers.
The entire program consists of 20 to 30 hours of training, depending on participant experience level. To aid the learning process, each module contains practice checkpoints and assessments, a printable reference guide and video clips.
Consumer Lending Training Program
The 10-module program provides learners with the core skills necessary to make sound credit decisions. It gives participants the skills to verify key information, understand consumer regulations, underwrite the loan, prepare the correct documentation and look for signs of fraudulent behavior.
It is designed for consumer lenders, underwriting staff, branch managers, assistant branch managers, operations staff and platform assistants.
The entire program consists of 14 to 18 hours of training. The courses include case studies, assessments and a printable reference guide.
Commercial and Consumer Credit Skills Diagnostic Assessment
“These assessments enable financial institutions to identify where the skills gaps are and focus training in the right areas to make the most effective use of training budgets,” Shively said. “The assessments will also improve onboarding of new employees and ensure all levels of credit employees hit the ground running.”
Designed for new employees, internal transfers in a lending or credit role or entire lending departments, the assessments measure the level of lending competency across an organization.
Through a series of topics and questions, the assessments provide a fast, affordable and quantifiable standard of proficiencies for financial analysis and risk mitigation.
Thomas Carlin, managing partner of Eensight, shared an example of how the assessments help companies.
“One institution we worked with wanted its employees to make better commercial and consumer lending decisions,” Carlin said. “After using these assessments to identify skills gaps, they ran targeted training using a combination of e-learning, classroom and webinars. One year later, they had substantially increased market share of both commercial and consumer lending.”
Another benefit of the program is the immediate availability of assessment results, which can be used to establish and ensure a consistent credit culture or support career path development and provide personalized skill-gap remediation.
OnCourse Learning provides more than 1,100 courses on regulatory compliance, professional skills, financial skills, mortgage lending, commercial lending and consumer lending training.
OnCourse Learning Financial Services, through its BankersEdge brand, is a leading provider of governance, risk and compliance training for the financial services industry, offering a comprehensive course catalog complemented by its sophisticated learning management system. To learn more, please contact 866-512-9888, visit OnCourseLearning.com/Financial-Services or follow us on Facebook and Twitter.
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About OnCourse Learning
OnCourse Learning delivers licensure, regulatory and compliance education solutions throughout the nation’s leading industries including financial services, healthcare and real estate. Through trusted industry expertise, compliance management and technology solutions, OnCourse Learning focuses on advancing the e-learning environment for individuals and businesses to help to build new careers, empower employees through knowledge and identify efficiencies in corporate training management. OnCourse Learning offers a full suite of educational products including state and federally approved pre-licensing and continuing education programs, accredited course content, exam prep tools, publications, e-books, events and a sophisticated and customizable learning management system and course-authoring tool. To learn more, visit OnCourseLearning.com.