The National Marine Lenders Association (NMLA) has announced it is conducting its 41st consecutive marine lender’s survey. It’s set for delivery to financial institutions who actively originate recreational boat loans on Feb. 1, 2021.
Statistical Surveys, Inc. is NMLA’s official partner handling the confidential survey data that produces the marine lending industry’s Annual Statistical Report.
The survey asks marine lenders to provide loan origination, performance, demographic and floor plan information. The survey analyzes industry datapoints and delivers valuable current and historical trends.
The Annual Statistical Report provides participating lenders with trends and data to understand, build and maintain quality marine lending portfolios, according to the organization. The survey produces two distinct business line reports: 1) for banks, credit unions, thrifts and private lenders who originate and hold consumer boat loans, either retail, floor plan or both, and 2) for finance brokers, F&I outsourcers and service companies who originate consumer boat loans and refer them for funding. The survey is also available for purchase to non-participants.
Those who are not currently an NMLA lending member but would like to participate in the survey can contact Jim Coburnat jcoburn@CoburnAssociates.com to receive the survey and instructions. The deadline to submit completed surveys is March 1, 2021.
