Wolters Kluwer Lien Solutions Webinar Offers Guidance on Auto Loan Management Best Practices

September 2 event provides lenders insights into managing rising auto lending risks

HOUSTON--(BUSINESS WIRE)--Wolters Kluwer’s Lien Solutions business hosts an informational webinar, “Practicing Sound Loan Management in a COVID World,” to share perspectives and practical tips on managing loan portfolios in the wake of the pandemic’s broad economic impacts. The webinar, which focuses on loan portfolio management in auto lending, will be held Wednesday, September 2 at 2:00 p.m. EDT.

While the regulatory and legal obligations behind auto lending remain unchanged, the ways in which lenders are adapting to operate in a disrupted economy present unexpected challenges. The increasing volume of loan defaults and car repossessions means significant challenges for lenders in managing higher loan portfolio risk while maintaining compliance with banking laws and regulations.

Presenting is Robert Inskeep, who spent 33 years as a national bank examiner at the Office of the Comptroller of the Currency (OCC). Inskeep will share insights on how lenders can protect themselves by improving loan portfolio management practices, tightening controls, and performing self-assessments. He will also explore the Interagency Examiner Guidance and offer practical tips, from an OCC examiner’s perspective, on the potential consequences of poor execution of policies and procedures as banks deal with auto lending challenges amid the COVID-19 pandemic.

Also presenting is Wolters Kluwer’s Rick Vanko, Senior Product Manager for iLien Motor Vehicle Solutions. He will share advice on how to protect and perfect one’s motor vehicle collateral by addressing any possible loan exceptions, including managing the costs of those exceptions.

Lien Solutions, which is part of Wolters Kluwer’s Governance, Risk & Compliance division, provides award-winning solutions for lenders. Its flagship iLien offering gives lenders the ability to conduct public record searches, retrieve and view Uniform Commercial Code and corporate records, create filings, and manage their entire lending portfolio. Its iLien Motor Vehicle offering is an award-winning SaaS platform that transforms vehicle and equipment titling work, helping lenders maintain loan perfection, monitor and manage vehicle liens efficiently, and release titles effortlessly.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.