Construction Risk Management: An Alternative to a Payment and Performance Bond


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Proactively manage the risk in your construction lending practices.
Learn the components of a successful Construction Risk Management (CRM) program. An improving economy has meant a marked upturn in commercial construction. However, with that greater opportunity comes greater risk increased regulatory governance by the FDIC and the OCC, and the tighter credit climate accompanying the recovery have combined to make risk management in construction lending an even greater priority. Given the commercial real estate losses incurred during the Great Recession, lenders are particularly sensitive to construction financing in this rebound. This timely topic will define and describe the components of a good CRM program and will enable you to proactively and comprehensively manage, as well as mitigate, your construction risk.

Date: 2018-01-25 at 1:00 PM ET – 2:30 PM ET

Learning Objectives

* You will be able to define construction risk management.

* You will be able to discuss a relatively new way to mitigate commercial construction lending risk.

* You will be able to identify the components of a proactive construction risk management program.

* You will be able to recognize the benefits of a sound construction risk managementbond alternative program.

Credits: CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.