Time: 2:00 p.m. Eastern
Is Your SBA Lender Comp Plan Fair Enough to Retain Staff and also Satisfy the C-Suite?
Coleman’s 27th Annual 2020 SBA 7(a) Lender Compensation Survey Reports have been released. Join Bob Coleman and Lance Sexton as they discuss SBA lender compensation benchmarks for 2021.
All the Performance Data you Need to Know and not Make Expensive Mistakes
With numerous stakeholders overseeing compensation, it is essential you have the facts, the data at your fingertips to support the SBA lender’s comp plan.
The 2020 Coleman SBA BDO Compensation Report gives you the data to support your plan to all stakeholders — HR, C-Suite, the Board, the Regulators, SBA and, the lenders.
Coleman’s 2020 Compensation Reports
SBA 7(a) Loan Packager
SBA 7(a) Loan Underwriter
SBA 7(a) Loan Closer
SBA 7(a) Loan Servicer
SBA 7(a) Loan Liquidator
SBA Business Development Officer
SBA Loan Department Manager
SBA Loan Sales Manager
You must know the performance benchmarks to correctly compensation your SBA lenders.
Underpay, they may become disgruntled and leave.
Overpay, and you run the risk of overpaying your whole team and ruining the expected returns SBA program profit margins must deliver to the institution.
We’ll cover what should be in the comp plan and how to devise a plan that molds the lenders behavior toward loan products that minimize risk and maximize investment return for the lender.
Then, we’ll turn to the macro issues of what to expect in SBA loan margins through the end of the year and the annual discussion of whether the agency will deplete its budget authority.
AS A BONUS, ALL WEBINAR ATTENDEES WILL RECEIVE THE 2020 COMPENSATION REPORT AT NO ADDITIONAL CHARGE!
Have the In-Depth Data Benchmarks to Ensure You Have a Fair SBA BDO Comp Plan
- Common commission packages for SBA 7(a) BDOs
- How to pay for SBA 504 Loans — including the new Refi program
- What should you include in your commission matrix
- How national lenders pay their sale force
- What regional and community bank lenders are doing in structuring compensation
- Why you should consider tiered commission payments — paying more for more production
- Examining the true cost of production, and why “Above Average” producers are the best value for the lender
- What lenders should expect to pay for $1 million of loan production
- What lenders should expect to pay the BDO for a loan over $2 million.
- The impact of the SBA 7(a) and SBA 504 secondary markets on BDO compensation
- Milestone bonus programs
- Common clawbacks provisions
- What’s happening with broker fees
Lance Sexton served as Deputy Director of the SBA Little Rock Commercial Loan Servicing Center managing the Servicing of SBA Loans, the liquidation of SBA Express Loans, and the Liquidation of SBA 504 loans in a 24 state area. Lance has 30 years of experience in the origination, servicing, and liquidation of SBA Loans, ten years of experience directly managing portfolios of SBA loans that are both performing and nonperforming, and six years of experience as a small business owner.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the Publisher of the Coleman Report, a trade newsletter and website for SBA and small business lenders. He produces online training videos and webinars for small business lenders to teach them to make less risky loans to Main Street.
Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
We will automatically forward a certificate of participation for those who are registered to attend the webinar via GoToWebinar.
If you have purchased the unlimited site license and would like certificates for all who attend simply forward their names and email addresses to firstname.lastname@example.org. She will email the certificates to all attendees.
Questions are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to email@example.com. Also, feel free to ask pre-webinar questions.
About Coleman Webinars
Coleman is the largest producer of small business banking video webinars and online training for the banking industry.
Our faculty are professional instructors are the absolute experts in their fields.
Why a Coleman Training Webinar?
It’s very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have several options to view the program. You may watch on screen, or listen in on your phone.
You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $589.
A great benefit of the program is that you may have your questions answered by the faculty. All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish.
A transcript of the program is also provided to purchasers of the unlimited site license.
How it Works
We use GoToWebinar for the webinar platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to firstname.lastname@example.org, and he will schedule a test run.
There are two ways to access the webinar. The first is to simply click on the link we will provide when you register.
If you have a firewall issue, or you can’t get the GoToWebinar link to work, don’t panic!
The second way to access the webinar is directly from the GoToWebinar website. You will simply need to input the webinar ID and access code. These will also be provided when you register, and again the day before the webinar when we distribute the handouts.
Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
All Coleman Webinar Speakers are seen Live via Video Stream
You will see our speakers live through a video feed. You may customize the size of the speaker and PowerPoint presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the PowerPoint.
Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.
You will receive the PDF handout via email the day before the event. These may be distributed to all of your attendees.
If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email email@example.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.
The Fine Print
1) The single user registration fee of $489 is based on location not attendance. You may have as many people in one location attend. You may distribute the materials to anybody in your company.
2) For only $100 more ($589), you may invite as many people from your institution from as many locations as you wish. (You also get the reply link and transcript!) We will forward you a link that allows you to sign up as many people as you wish.
3) Substitutions are allowed at no charge.
4) Cancellations receive a 100% credit for any Coleman product.
5) As with all our products, we offer a 100% money back satisfaction guaranty — no questions asked.
1) Previous customers need only to send an email to firstname.lastname@example.org with “Register SOP 5010 6 Webinar” in the Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call Joseph Coleman at Customer Service at 818-790-4591 extension 1
3) Fax the order form to: 818-790-7859
4) Mail the order form to: Coleman Publishing, 28081 Marguerite Pkwy, #4525, Mission Viejo, CA 92690
5) Click “Add to Cart” to pay using PayPal
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