ACE Credit Recommendation Reference Number: CFTA-0006 (CFT Course Code: A204)
This course will give you the knowledge and skills you need to be an effective commercial lender (see complete description below).
Course Prerequisite Info
Students are REQUIRED to take Analyzing Financial Statements prior to taking the Commercial Lending course.
Course Description and Audience
This course will give you the knowledge and skills you need to be an effective commercial lender. After successfully completing this course, you will be able to: explain why good human relations skills are critically important to the successful lending officer in many stages of the commercial lending process; identify the functions of the loan interview and credit investigation; describe how the borrower’s financing needs and business type can affect the structuring of a loan; list important elements of loan documents and describe their functions; and name some warning signs of problem loans and identify ways that you can prevent problem loans. Textbook chapter topics include:
- The Commercial Lending Process and Initial Business Development Calls
- Credit Investigation and Assessing Industry, Market, and Management Risk
- Loan Policies and Procedures, Including Credit Risk Ratings
- Loan Packages and Credit Write-Ups
- Commercial Loan Structuring
- Identifying Viable Secondary and Tertiary Sources of Repayment
- Key Documents, Loan Agreements, and Covenants
- Loan Pricing and Negotiating
- Problem Loans
Audience: Designed for entry-level commercial lending officers, loan officer trainees, or personnel supporting commercial lending officers.
Diploma and Certificate Applications
Diplomas and Certificates Applicable to the Commercial Lending course:
Jeff has been the Chief Lending Officer at Freedom Credit Union in Springfield, MA since 2013 and is in charge of managing the Commercial, Mortgage, and Consumer Lending portfolios, as well as the Col... read more.
Barbara-Jean is the Senior Vice President, Director of Mortgage for Florence Bank. She has extensive experience in all aspects of banking including retail banking, commercial lending, and credit adm... read more.