Avoid Unforced Errors: Top 20 Reasons SBA Denies or Repairs the 7(a) Guaranty — Thurs, Aug 27
How to Strengthen the Loan File Before SBA Reviews the Guaranty Purchase
Coleman Professional Webinar Training
Date: Thursday, August 27
Time: 2:00 p.m. Eastern
Recording and e-certification provided
During the past year, Lance Sexton has worked with SBA lenders reviewing loan files, servicing actions, liquidation decisions, and guaranty purchase packages. From those reviews, he has identified the 20 recurring eligibility, underwriting, closing, and servicing issues that most often lead SBA to repair or deny the 7(a) guaranty.
Participants will compare their current procedures with the deficiencies and unresolved exceptions Lance finds in SBA loan files and guaranty purchase packages.
Lance will organize the discussion around the four areas where guaranty problems develop:
Eligibility. Underwriting. Closing. Servicing.
Participants will compare their current procedures with the problems Lance has identified in actual SBA loan files and guaranty purchase packages.
The Discussion Will Address:
- How to identify and correct guaranty risks before a loan reaches liquidation
- How to reconcile the approval, credit memo, closing documents, and loan file
- How to build internal file reviews around SBA requirements
- How to document eligibility and credit decisions for SBA review
- How to maintain closing and disbursement records that protect the guaranty
- How to document the analysis supporting servicing decisions
- How to prepare early-default loan files for increased SBA scrutiny
- What to resolve before submitting the Universal Purchase Package
- How an independent file review uncovers unresolved exceptions
Your Instructor
Lance Sexton is a former SBA Deputy Director of the Little Rock Servicing Center. He has more than 40 years of small business lending experience, including 20 years directly managing SBA loan portfolios. He is Executive Vice President and Chief SBA Servicing and Liquidation Officer at Phoenix Lender Services and has worked with Coleman Professional Training for more than a decade.
How the Webinar Works
We use Microsoft Teams as the Webinar Platorm
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 for multiple attendees to view. 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 anyone in your email domain can use.
Webinar Links and Handouts
The webinar link will be sent out prior to the session, and included again when we send the presentation and handouts.
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.
3 Easy Ways to Order
1) ONLINE — Register and pay online via Quickbooks
2) EMAIL –Send an email to cindy@colemanreport.com with “Webinar Registration” 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
Publisher, Coleman Report
bob@colemanreport.com