This webinar will expose participants to five steps in the loan documentation process, which include:

• Identifying the Borrower
• Identifying and Documenting the Collateral
• Evidencing the Debt
• Attaching the Collateral
• Perfecting the Security Interest

Each of the five steps requires certain documents to accomplish their respective purpose. The participant will develop an understanding of each of these documents and know when to use them.

Learning Objectives:-

The primary documents to be presented are as follows:

• Documents required to identify borrowers and establish authority
• Loan application
• Financial statements
• Credit memorandum
• Typical business structures
• Corporations
• Limited liability companies
• Corporate and partnership resolutions
• Opinion letters
• Certificates of good standing
• Articles of incorporation
• by-laws
• Review the legal definition of collateral types to avoid improper classification of collateral
• Review of collateral definitions
• Review of collateral valuation documents
• Documents to evidence the debt
• Commercial and consumer promissory notes
• Loan agreements
• Commitment letters Documents to attach and support various types of collateral
• Security agreement
• Deed to secure debt
• Hypothecation agreement
• Guaranty Agreement
• Subordination agreement
• Landlord's waiver
• Insurance policies
• Documents required to perfect the security interest
• How to prepare and file a uniform commercial code financing statement
• Review of other methods of collateral perfection

Why Should You Attend?

The commercial lending process is essential in order to avoid loan losses due to poor documentation, especially during a bankruptcy case. Many community banks assign this important responsibility to Loan Officers and Loan Administrators. If not performed properly, poor documentation can cause loans to be essentially unsecured or unguaranteed when the bank expected to have some form of credit enhancement (collateral) as a secondary source of repayment.

Each of the five steps requires certain documents to accomplish their respective purpose. The participant will develop an understanding of each of these documents and know when to use them.

Who Should Attend?

• Commercial Loan Officers
• Loan Administrators
• Loan Processors
• Internal Auditors
• Compliance Professionals
• Operational professionals
• Finance Professionals
• Private Bankers
• Credit Analysts
• Loan Documentation Specialists
• Branch Managers