Does Your Bank Struggle to Find and Keep Quality Commercial Credit Analysts?

Does Your Bank Struggle to Find and Keep Quality Commercial Credit Analysts? Commercial credit analysts are in high demand. Smaller banks and credit unions in particular struggle to find and keep good candidates. Compounding the issue are two factors: Rurally-based banks—especially those with less than $10 billion in assets—don’t offer recent graduates and millennials the

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What’s the Cost of a Problem Loan?

What’s the Cost of a Problem Loan? A business owner comes in to your financial institution seeking a $2 million loan. She meets with one of your lenders, the underwriting process is completed, and the loan is approved. But what steps are you taking to ensure that your staff is appropriately evaluating industry, management, and

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Making Up for Lost Experience

By 2025, many of your most seasoned employees will have retired or be retiring soon, and 75 percent of your workforce will be comprised of millennials. Though baby boomers, who are now in their late 60s and early 70s, have worked longer than previous generations, they are now beginning to retire at record rates. According

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Credit Unions Thinking of Ramping Up Commercial Loan Opportunities

Credit Unions Thinking of Ramping Up Commercial Loan Opportunities With recent changes to member business lending rules, credit unions have new opportunities to target areas of commercial and business lending that were previously unavailable to them. According to an article by the Philadelphia Federal Reserve, credit unions have been increasing their market share since 1998,

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Best Training Methods for Ensuring that Lenders Retain and Gain Information

Best Training Methods for Ensuring that Lenders Retain and Gain Information Last week, Omega Performance hosted a webinar to encourage lending organizations to incorporate our Case Study Library into their training. This unique approach to case-based application is designed to  help learners apply and expand their lending knowledge, and—when used in conjunction with foundational credit

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Bank Simulation Training: Advantages of the Virtual Workspace

Simulation Learning: Advantages of the Virtual Workspace When you think of simulation learning, you probably think of flight simulators for pilots, or medical simulations for healthcare workers. But what about simulation learning to help your financial institution’s employees become better lenders? Simulation is the artificial representation of a real-world process. It can help learners develop

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Omega Performance Releases New Case Studies Based on Your Feedback

Omega Performance Releases New Case Studies Based on Your Feedback Omega Performance continuously strives to provide you with high-caliber content. As part of that, we often reach out to our clients to find out how we can best meet their training needs. We recently surveyed our clients about the kinds of Case Studies they’d like

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Master the Asset Conversion Cycle

Master the Asset Conversion Cycle The Asset Conversion Cycle is made up of two separate and unique cycles that cover the short term, or working assets of the business, and the longer term assets of the business. Let’s examine both cycles more closely. The first cycle, and most important in my opinion, is the Operating

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Credit Skills Assessment Course Accredited by the Chartered Banker Institute

Credit Skills Assessment Course Accredited by the Chartered Banker Institue The Omega Performance Credit Skills Assessment (CSA) training program- a combination of two of our flagship courses – Financial Accounting for Lenders and Commercial Loans to Business is now formally accredited by the esteemed Chartered Banker Institute. The CSA training program is a benchmark in

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Using Big Data To Analyze Training Effectiveness

Professional development and training needs vary across financial organizations, but a culture of continuous and effective learning is important to enable consistent growth. By understanding the skill level of your talent, organization can embrace emerging business opportunities and adapt to evolving industry needs.

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