Recent SOP rewrites and the new SBA One loan platform create challenges for SBA Express lending origination and closing staff.
Former SBA Little Rock Loan Servicing Center Deputy Director Lance Sexton will train your staff to recognize all traps and how to quickly and correctly approve and close SBA Express loans.
Coleman’s four week online video series will give your staff the confidence and recognition as SBA Express loan experts.
SBA Express is an important loan product for successful SBA lenders to build your loan portfolio, meet customer access to capital needs and, very importantly, diversify your loan portfolio and lowering your PARRiS score.
This critical training anticipates future regulatory and processing changes for the SBA Express lending program.
The result: Your staff will be able to confidently approve and close SBA Express loans giving you a competitive advantage in the marketplace, meeting your customer’s lending requirement, and eliminating mistakes that cause embarrassing and costly SBA repairs and guaranty denials.
How to get certified? The online training consists of approximately one hour of video divided into four or five segments. Reading assignments, quizzes, and homework assignments complete the learning experience. BONUS! Every Thursday at 1 p.m. Eastern we host an office hour where you can get SBA-related question answered by your instructors.
Lance Sexton is the Former SBA Deputy Director, Little Rock Commercial Loan Servicing Center. Lance managed 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. He has served as Vice President, Senior Vice President, and Executive Officer of three community banks building and managing SBA portfolios at each bank. Lance also was a faculty member of the Sam M Walton College of Business at the University of Arkansas teaching entrepreneurship courses.
Week 1 — Become a SBA Express Lender
- How to become a SBA Express Lender – Part 1
- How to become a SBA Express Lender – Part 2
- SBA Express – Lender Authority and Responsibilities
- Lender Processing Responsibilities
- SBA Express Required forms and the SBA Express Authorization
Week 2 — Eligibility
- SBA Express Eligibility
- SBA Express Loan Term
- SBA Express Collateral Requirements
- SBA Express Interest Rates
- Guaranty Fees on SBA Express Loans
Week 3 — Export Express & Credit Analysis
- Refinancing under SBA Express
- Export Express – Part 1
- Export Express – Part 2
- Packaging Fees on SBA Express Loans
- SBA Express Credit Analysis
Week 4 — SBA Express with SBA One
- Learning how to input a SBA Express Loan into SBA One
What platform does the Coleman online course use?
We use Litmos as the platform. You will access the course from the Litmos website without downloading anything to your computer.
How many weeks does the course run?
How much time will I need to devote to the course?
Three to four hours per segment.
How do the segments work?
Each week is divided into segments averaging ten minutes each.
Do I have to finish each segment every week?
No, you may complete the course at your own pace.
Are there reading assignments?
There will be assigned reading materials drawn from the SOPs, SBA Inspector General audits, and the Coleman Report newsletter.
Tell me about quizzes.
At the end of each segment there will be a short multiple-choice quiz to test your mastery of the segment. Segments may be viewed as many times as you wish.
What are Office Hours coaching sessions?
Each Thursday at 1:00pm ET you will have the opportunity to log in and discuss the week’s topic. If you miss a session, office hours will be recorded and archived for your future use.
How do I become a certified Coleman SBA One Loan Originator?
At the end of the course, you may choose to take a final exam. Those who score 90% or higher will receive a certification plaque. The exam is open material and may be taken as many times as you wish. Or, you may choose to complete a case study.
Is there an additional fee to become a Coleman Certified SBA One Loan Originator?
How much does the course cost?
The fee is $795.
Is there a discount for multiple students from the same institution?
Yes. The registration fee for students two through four is $695. For every four students enrolled, the fifth is free
This SBA One course has helped me in so many more ways than I ever expected, and want to extend my gratitude. You guys are great! Alicia K, Loan Documentation Processor
Thanks for the info, much appreciated. Thank you again for a great course. I must admit my initial scepticism of any online class. Your format and delivery was dead on! I liked the video modules, reading assignments, and the office hours really tied things together. Thanks again! — Ben Kirker
Thank you for the Class, I thoroughly enjoyed and have taken a lot away. Your course will make me a better SBA liquidator which will effectively save the Bank of North Carolina money, time, and energy in liquidating their SBA credits. Thank You! — Bill Kerns, Vice President, Special Assets, Bank of North Carolina
Coleman’s SBA 7(a) Loan Underwriter course was a great investment! Bob’s thorough presentation of SBA’s requirements for underwriting and processing 7(a) loan applications, together with the real life case studies, increased my confidence that I can do SBA 7(a) lending right! It was a very beneficial ten weeks!
Garry Throckmorton, Sr. EVP, Community Ventures, Lexington, Kentucky
1) Previous customers need only to send an email to firstname.lastname@example.org with “Register SBA Express Training” 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, 607 Foothill Blvd., # 546, La Cañada, CA
5) Click here for paying using PayPal
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
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