While private lenders could offer IDR plans, the complexity in marketing, disclosing, and servicing such a loan has deterred most from doing so. The calculations related to payment inflows, delinquency, potential principal forgiveness, and charge-off rates make loss curve projections far more complicated to accurately forecast. By crafting a program that clearly understands and articulates the points noted in this article, a private lender could potentially unlock a beneficial loan program or modification strategy for their portfolio.

Most people enjoy playing games, and we don’t just play conventional classics like chess, scrabble, poker, and Monopoly – we love to apply game elements to (“gamify”) other areas of our lives. Gamification can be leveraged within every business to energize the completion of tasks that may not be incredibly engaging or exciting on their own, and we’ve provided a few examples of tasks to gamify and reward top performances in this article.

Thinking about the most recent business continuity tabletop exercises in which I’ve participated, some glaring weaknesses and themes came to mind – and that’s assuming the exercise was even scheduled (and wasn’t canceled). Consider ways to create compelling scenarios that challenge players to adapt to ever-changing circumstances, support the team’s goals (potentially to the detriment of individual players), and make difficult decisions without complete information in uncertain environments.

In its current construction, compliance training is operationally inefficient - it costs considerable time, energy, money, and focus, and it’s unclear whether employees are actually absorbing the training material and applying it to their current role. There are clear opportunities to use compliance training and drive employee development throughout an institution, and this articles highlights best practices toward that end.