Are You Ready for your 2024 SBA Loan Audit? — Webinar Wed., January 10
How to Use the New Etran Screens to Improve your PARRiS Score
Attend the Live Webinar Event
Wednesday, January 10, 2024
2:00 PM Eastern
75-minute training with e-certification
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
How to Sail Through Your 2024 SBA Review:
What Your Team Can Do Now to Rate Well on All 14 PARRiS Score Criteria
Attention lenders: Don’t jeopardize your preferred status as a PLP lender!
The beginning of the year is the best time to assess your SBA loan portfolio and ensure a favorable review outcome — well before your 2024 review.
This webinar helps you prepare thoroughly, enabling you to correct any deficiencies before the SBA auditors walk through the door.
You’ll learn about all the criteria auditors use to judge your loan portfolio, as well as recent changes SBA has implemented that deserve your immediate attention. We’ll also alert you to loan red flags for SBA auditors—such as non-performing assets and variance between your books and SBA.
You will learn:
- Types of Audits and Reviews
- Hold Harmless Protections for Lenders
- Lender Accountable “Good Faith” Actions
- PPP Loans Still on the Books
- Lender Servicing and Liquidation Responsibilities
- SBA Monetary Fines Authority
- Budgeting for the cost of your SBA 7(a) Lender Oversight invoice
- The timing and frequency of your Lender Oversight Review
- The Logistics of Independent Loan Reviews — What happens?
- New L/LMS Lender Portal & Lender Profile Assessments
- OCRM Information and Data Requests for Reviews (What is SBA looking at these days)
- Analytical Reviews
- Targeted Reviews
- Full Reviews
- Delegated Authority Reviews
- Corrective Action Reviews
- Secondary Market Reviews
- The Proposed Scope of Lender Corrective Actions
- Administration of Lender Fines
- Overall SBA 7(a) Lender Oversight
- SBA Regulatory Fine Authority
Specific SBA benchmarks include:
Performance
- 5-Year Cumulative Net Yield
- 12-Month Default Rate
- 5-Year Default Rate
Asset Management
- Stressed Rate
- Early Problem Loan Rate
- High-Risk Origination Rate
Regulatory Compliance
- 1502 Reporting Rate
- Loans in Active Default Status over 3 Years Rate
- 24-Month Repair/Denial Rate
Risk Management
- FDIC total Risk-Based Rate
- Non-Performing Asset Ratio
- Lender Purchase Rating
Special Items
- Average SBPS
- Recovery Rate
Coleman Report Webinar Benefits:
- Coleman Report webinars provide solutions to problems that left unaddressed will jeopardize the SBA loan guarantee.
- We give management the tools to create prudent credit boxes compliant with SBA’s standard operating procedures.
- We train your staff to ensure compliance of existing and new SBA rules and regulations.
- Tips that solve difficult SBA underwriting, servicing and liquidation challenges.
Lance Sexton, Coleman Faculty Instructor
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation.
He has received three training industry awards for his webinar instruction and his 8-week loan closing course.
Lance has over 30 years of experience, including ten years directly managing portfolios of SBA loans. Lance was an entrepreneurship faculty member of the Sam M. Walton College of Business at the University of Arkansas. He is an Executive Vice President of Fountainhead Commercial Capital and has been affiliated with Coleman Publishing for over eight years.
Leslie Tripp, Director of SBA Consulting
Leslie Tripp is a seasoned professional in the field of SBA consulting, with a wealth of experience spanning various roles and responsibilities. Currently serving as the Director of SBA Consulting at Doeren Mayhew, Leslie has been instrumental in providing expertise in SBA compliance and program services. With a track record of over a decade in the SBA consulting arena, Leslie Tripp brings a deep understanding of compliance requirements and a commitment to facilitating smooth and effective lending processes for SBA lenders.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.”
He is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts.
Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California.
Bob has earned numerous awards as a producer of events and video training.
His passion is getting capital to Main Street and Rural American small business.
How the Webinar Works
We use Microsoft Teams as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
Recording
All Coleman webinars are recorded and a link is sent to all attendees.
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
Webinar Links and Handouts
The webinar link will be included on your sales receipt.
The link will also be included when we send the presentation and handouts. These will be sent by eod the day before.
Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat in Microsoft Teams. The second is to send an email to anna@colemanreport.com. Also, feel free to ask pre and post-webinar questions.
The Fine Print
1) Substitutions are allowed at no charge.
2) Cancellations receive a 100% credit for any Coleman product.
3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.
Three Easy Ways to Order
1) ONLINE — Register and pay online via Stripe
2) EMAIL –Send an email to cindy@colemanreport.com with “Register Portfolio Webinar” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice.
3) PHONE — Call us at 818-790-4591.
Bob Coleman
Founder & Publisher