Northpointe Staffing Professionals ’s Post

In business, building strong relationships is key. While your focus is on creating a positive bond with your clients, a credit controller does the same with your debtors. Both connections are crucial and need to be strong, positive, and professional. Even though the relationships with clients and debtors differ in focus and goals, they are equally important. Investing in credit control is investing in the overall health and success of your business relationships. Hiring a dedicated credit controller or credit control team, whether internally or externally, can actually boost these business relationships. Yes, you read that right – it can BOOST them! KS Credit Control Limited #creditcontrol #debt #businessrelationships

How Can I Be Secure When Lending in Real Estate? - Know the numbers. Does the deal even make sense? - Verify each person's experience. Is this their first deal? Have they done multiple deals? Can they show HUDs with their names on it? - Verify the Title Company or Closing Attorney. Look them up on the Secretary of State website, Better Business Bureau, and any industry associations. - Understand how they plan to pay back your money. Are they using a hard money lender to finance you out? Are they paying back at the close of escrow? - Use the right contracts, JV, and purchase agreements. Ensure the language protects you. - Get help with underwriting so you can understand the deal if you're a new investor. Having another set of eyes on it will be a blessing. - Use a Top Tier transaction coordinator. They have been trained on all the paperwork and process. - Only lend in first position. - Don't loan on anything you wouldn't want to own. - Never wired money to a person. It must go through a Title Company or Closing Attorney. What else would you add to this list?

What skills and qualifications are typically sought after for credit controller roles? How do credit controllers handle difficult or delinquent accounts while maintaining customer relations? What are some common challenges credit controllers face in their day-to-day responsibilities My take Their primary responsibility is to meticulously maintain records for invoices, credit applications, and loan contracts to effectively monitor and track payments.Additionally, they play a crucial role in assisting customers in devising personalized payment plans to effectively manage and settle debts owed to their company. in short... They make it happen

What Does a Credit and Collections Do? The job duties of a credit and collections involve overseeing credit and collections operations for a company or organization. In this career, your responsibilities include running credit checks on each customer, client, or vendor to assess the risk involved in a loan, credit, or other financial agreement. You establish metrics for evaluating risk, and you maintain documentation for each of the accounts under your management. You also set limits on the amount of credit. If a customer builds too much debt, the credit and collections manager initiates collections proceedings. You also ensure quality customer service and approve reimbursement when necessary. #accountreceivables #creditmanagement #riskmanagement #collections

The Small Business Credit Analyst assists members and reviews applications for Member Business loan requests under $250,000.00. This individual refers small business loans for SBA lending to an SBA processor and follows up with the processor for approvals and loan documentation. Key responsibilities include analyzing financial information and credit reports. #LOVEWORK #hiring #jobseekers #careers #opportunity #bankingindustry #recruitment #jobsearch #jobs #businesslending #smallbusiness #businessservices

Join Ben Giumarra on March 15th at Noon for Ben's Monthly MMBA Compliance Corner. This week the title is " Fact or Fiction - Novel Loan Officer Compensation Plans"   There's hardly been a more competitive environment with regards to loan officer recruiting and retention. So it makes sense that companies are pushing the limits on what's permissible under the CFPB's loan officer compensation regulations. Indeed, many rumors have been circulating about compensation plans being offered to loan officers, such as plans involving varying compensation on lead source (e.g. "house account" pricing), for brokered loans, etc. But where does this information come from? How much of it is unreliable and just the result of recruiters and loan officers playing a grownup version of "telephone"? Of course, if everybody else really is doing it, you don’t want to be at a competitive disadvantage. Join us this for this first installment of MMBA's Compliance Corner with Ben as we try and separate fact from fiction, and identify what actually is, and is not, permissible under these regulations.  Register today: https://lnkd.in/eiTYhrha

A Finance Manager has four main responsibilities: 1) protect the interest of the dealer 2) secure the deal 3) protect the front-end profit 4) generate back-end income. One important element that I have seen separate the good F&I Manager from the great ones is knowing each customer including the payment conscious, credit challenged, along with the rate buyer and which lender to put them with based on their criteria. Although lenders have different guidelines, they share one thing in common about approvals and are considered the 3 Cs of lending which are Capacity, Collateral, and Credit. We must also remain current with our lenders and their ever-changing guidelines and know which one to send the deal to in order to receive the best loan approval and to get the advance that is needed to get the full purchase price approved. Whether a customer is A paper, C paper or they don’t qualify for any lender’s program, the way they feel about their experience in the F&I Department will determine whether you have a repeat customer and an advocate for future business.

When did you last celebrate your Credit Controller? Can you even remember? That's why are our Unsung Heroes Awards so important. Because the engagement and positivity of your support teams have a direct effect on the success of your recruiters. So helping them to feel valued is pretty crucial if you want to hit those ambitious targets this year. Think about it: your Credit Controller is there, keeping on top of your debt, and in doing so, building some of the most important client relationships you have - because burning bridges in the finance department is one of the riskiest things you could do. Your Credit Controller ensures your cash flow is healthy, so you can spend where you need to, when you need to. Their job isn't always easy - collecting debt can be tricky, but what they do can make or break client relationships. Doesn't that deserve a thank you? Nominate them here: https://lnkd.in/eYGsVyFP?

Is it possible for businesses to have no credit issues? The answer is, probably not. Credit and collections are a crucial part of any business, and it's common to face challenges in this area. Recently, I came across a business with a Director of Credit, Corporate Credit Manager, 2 Regional Credit Managers, and over 5 Accounts Receivable Team Members. Despite having such a robust credit team, they claimed to have no credit issues. I find that very hard to believe. Does anyone else think it's possible to have no credit issues? Share your thoughts below.

New Post: Loan Officers - https://lnkd.in/eGNTpf9x officers are professionals who help individuals and businesses secure loans for various purposes, such as buying a home, starting a business, or funding education. This occupational profile provides comprehensive information about the roles, responsibilities, skills, knowledge, and qualifications required for loan officers. Sample of Reported Job Titles: Occupations Specific Information: Tasks: Technology Software: Tools…