How to Enter the Commercial Lending Space: 6-week Bootcamp for Credit Union Leaders

​Ultum Group is hosting a 6-week virtual Bootcamp for credit union leaders about starting, building, and creating a successful commercial lending program. Ultum Group is a Credit Union Service Organization (CUSO) that provides premiere end-to-end Commercial and SBA Lending services to financial institutions. Their goal is to give credit unions the opportunity to serve business members in their communities and across the country by providing products and services that exceed expectations. 

​Join the Week 1 Overview session to hear industry trends and the basics of commercial lending to help determine if it's right for your credit union. You then have the option to register for the entire series to build your commercial lending knowledge. 

• Week 1: October 19, 2022 @ 10-11 AM (Recording available through November 1, 2022) Overview of the industry landscape and the benefits of commercial lending for credit unions. Discuss industry trends and the basics of a commercial lending department to determine if it's right for your organization.
• Week 2: November 2, 2022 @ 10-11 AM: Laying the groundwork: creating a commercial credit policy. Review regulations, requirements, best practices, and more.
• Week 3: November 9, 2022 @ 10-11 AM: How to create and sell your new commercial offerings. Discuss various types of commercial loans, creating loans, and more.
• Week 4: November 16, 2022 @ 10-11 AM: Building your process: Overview and Underwriting. Identify a workflow and resources to accomplish it. Review business development and credit underwriting.
• Week 5: November 30, 2022 @ 10-11 AM: Building your process: Closing loans. Continuing the discussion around building your process. Review loan closings, collateral requirements, and an overview of doc prep.
• Week 6: December 7, 2022 @ 10-11 AM: ​Managing your portfolio. Learn about managing your portfolio with loan ticklers, financial reviews, Annual Reviews Servicing and modification requests, and more to set your program up for success

With questions, please reach out to Theresa Tschumperlin, CEO, Ultum Group.

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