Coleman Report
SBA Hot Topic Tuesday — Coleman’s SBA One Survey Results are Inconclusive
August 25, 2015 By Bob Coleman Editor, Main Street Monday Rather, a better description would be all over the board. Some rave about SBA’s 7(a) cloud computing processing and documentation platform, some are non-committal, and a few think it horrid. As always, this is unscientific, but thanks to the 34 beta testers who offer their…
Read MoreFraud Friday — Manipulative Borrower gets 18 Months for $736,000 Bank Fraud
August 21, 2015 By Bob Coleman Editor, Fraud Friday “Grady Fricks used his connection with a bank insider to obtain a fraudulently inflated loan. Fricks’ ability to manipulate people to further his scheme left the bank and its stockholders shouldering the loss,” says the US Attorney. Who did he manipulate? D.N, a Senior Vice President…
Read MoreSBA One User 1 Minute Poll
August 20, 2015 SBA One User 1 Minute Poll By Bob Coleman Editor, Coleman Report If you are an SBA One beta tester, or are in on the ground floor of the live roll out, please share your experience with the industry. Take a one minute poll on SBA One What is your overall view…
Read MoreColeman’s Movers and Shakers
August 19, 2015 By Bob Coleman Editor, Movers and Shakers Astoria Bank Hires Davi Tserpelis and Annarrisa Gajadhar Says Stephen Sipola, executive vice president and Managing Director of the group, “We have a solid growth trajectory for our Business Banking Group. Adding new relationship managers is an important step toward furthering our commitment to Business…
Read MoreSBA Hot Topic Tuesday — SBA One is Live
August 18, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday Baltimore — SBA’s online loan processing platform went live last Friday for Region III SBA 7(a) lenders What is SBA One? It is a loan processing platform for SBA 7(a) and SBAExpress loans. Eventually, the platform will add loan servicing and liquidation platforms. The…
Read MoreMain Street Monday — Main Street Optimism Continues to Increase
August 17, 2015 Main Street Monday — Main Street Optimism Continues to Increase By Bob Coleman Editor, Main Street Monday Says Chase in its 2015 Small Business Leaders Outlook report. Main Street continues to expect continued recovery after the recession. 2015 numbers are across the board stronger than in 2014. Main Street expects higher revenues,…
Read MoreFraud Friday — SBA 7(a) Loan Broker Indicted for Bribing La Jolla Bank SBA Manager
August 13, 2015 By Bob Coleman Editor, Coleman Report Last week, San Diego-based loan broker Jocelyn Brown was arrested on three counts of bank fraud for bribing an unnamed SBA manager of FDIC-seized La Jolla Bank. The FBI says Jocelyn and the SBA manager made a deal where Jocelyn would pay a portion of her…
Read MoreColeman’s Movers and Shakers
August 13, 2015 by Bob Coleman Editor, Movers and Shakers Seacoast Commerce Bank Hires Nancy Russell as SVP and SBA Business Development Officer “Nancy is a great addition to our SBA Team and will enhance our presence and the success we have had in Southern California. Nancy is a real pro with a tremendous knowledge…
Read MoreBe at LEND360 if you Conduct Consumer and Business Lending Online
August 12, 2015 Be at LEND360 if you Conduct Consumer and Business Lending Online By Bob Coleman Editor, Small Business Lending Events Calendar Installment, merchant cash advance, auto title, retail line of credit, small business lending…it’s all there. Find vendors to help you leverage technology to get more customers and cut underwriting time. Build the…
Read MoreSBA 7(a) Prepays Move Above 8%
August 11, 2015 By Bob Judge Editor, CPR Report In May, prepays moved above 8% for the first time since January of this year. The make-up of the increase was a large percentage rise in the default CPR combined with a smaller increase in the prepayment element. Defaults rose by 62%, but stayed below 2%…
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