The National Marine Lenders Association (NMLA) has taken proactive steps to address the evolving threat of fraud in marine financing by introducing a dedicated Fraud Prevention segment at its annual workshop.
Held in Orlando, Florida, from March 10-12, the workshop attracted participants from 28 companies eager to enhance their understanding of credit underwriting, collateral valuation, lien perfection, insurance collections, repossessions and now, fraud prevention.
According to Noelle Norvell, NMLA president and workshop presenter, the goal is to empower marine lenders and industry stakeholders with the necessary tools to identify red flags and seize opportunities within the distinct sector of financial lending.
“With limited enrollment requirements, the workshop fosters personalized interactions between instructors and attendees, allowing for tailored segments that address the specific needs of participants and their businesses. This relaxed setting facilitates a deeper understanding of the complexities of marine lending and encourages unique networking opportunities among industry peers,” the association said.
NMLA will host its 44th Annual Marine Lenders Conference in Colonial Williamsburg, Virginia, from Sept. 22-24.
Learn more about NMLA’s Workshop, the conference and member benefits here.
