January 24, 2020 By Bob JudgeEditor, CPR Report CPR Report: Actual 7(a) Prepays Back Above 18% In November, total prepays, including paid excess principal (ACPR), came in at 18.40%, a 7% increase from last month’s reading of 17.25%. After correcting for the excess principal be...
Read More →January 24, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Bank Executive Convicted in $15 Million Fraud Scheme Troy Gregory, a former senior lending officer at University National Bank in Kansas, has been found guilty of bank fraud in a scheme that ensnared 25 other...
Read More →January 23, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Greg Gala, J.C. de Ona, and Tony Holtzman First Internet Bank Adds Greg Gala to SBA Team Gaurang “Greg” Gala has joined First Internet Bank’s SBA Lending team as Vice President,...
Read More →January 22, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman’s 2019 Business Development Officers of the Year Congratulations to Coleman’s 2019 Business Development Officers of the Year: Jimmy Jarrell, Edward Tuvin, Jaso...
Read More →January 22, 2020 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday C-Suite Tips – OCRM Identifies Material Deficiencies in 21 Defaulted Loans On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. Upon r...
Read More →January 21, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman’s 2019 SBA 504 Lender of the Year Congratulations to Coleman’s 2019 SBA 504 Lender of the Year, Tim Souther! Tim Souther’s role as Executive Vice President o...
Read More →January 21, 2020 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — OCRM Recommends Improvements for Risk Management and Lender Oversight A recent review conducted by OCRM found that the SBA did not always perform effective oversight of high-risk lenders to identif...
Read More →January 17, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman Rural Small Business Lender of the Year Congratulations to Coleman’s 2019 Rural Small Business Lender of the Year, Scott Sailors Scott Sailor...
Read More →January 17, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Former Trustmark Bank Loan Officer Defrauds Bank of Nearly $400,000 Former Trustmark Bank loan officer, Robert A. Whartenby, was sentenced on December 23, 2019 in federal court for one count of information related to...
Read More →January 16, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman SBA 7(a) Lender of the Year Congratulations to Coleman’s 2019 SBA 7(a) Lender of the Year, Paul Pickhardt! Paul Pickhardt has served as Senior Vice President, SB...
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