Getting Ready for SBA as Your New Regulator
Time: 2:00 p.m. Eastern
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Former SBA Office of Credit Risk Management Director/Assistant Associate Administrator for SBA District Field Office Operations, Brent Ciurlino, hosts this Coleman webinar to give his tips and insights of what you need to do to be in compliance with SBA’s new lender oversight authority.
Set to be implemented later this year The Small Business 7(a) Lending Oversight Reform Act of 2018 creates a lender oversight committee by the Office of Credit Risk Management to undertake informal and formal enforcement actions against 7(a) lenders — including fines and the risk of suspension or loss of your PLP lending license.
Unknown is what “informal and enforcement” powers SBA will assume. Brent Circuillo will help you understand SBA’s thinking and what you need to do to get ready — today.
A federal register proposed rule is scheduled to be released prior to the webinar and it will be fully analyzed in detail in this presentation.
- 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
Senior Vice President, Risk and Operations
Newtek Business Services Corp.
Former Garcia Ortiz, Reviewer in Charge — National SBA 7(a) Contractor
Mr. Ciurlino comes to Newtek with an extensive background in regulation, compliance, and risk, most recently as EVP, Chief Operating and Risk Officer at Freedom Mortgage Corporation. Prior to Freedom, Mr. Ciurlino was Senior Advisor, Lending and Risk Management Services at Waterfall Asset Management. In addition, Brent has worked directly as a Senior Regulatory Executive for federal regulatory entities such as the Office of Credit Risk Management for the U.S. Small Business Administration, the Federal Deposit Insurance Corporation, and the Resolution Trust.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the Publisher of the Coleman Report, a trade newsletter and website for SBA and small business lenders. He produces online training videos and webinars for small business lenders to teach them to make less risky loans to Main Street.
Don’t take anything for granted when it comes to SBA reviews. Too many deficits can cause SBA to assess penalties or disqualify you from participating in SBA lending’s programs. The information in your PARRiS Metrics and LPA tell your portfolio and performance story as it relates to SBA. We’ll help you address each of these 14 criteria—and lay out the critical scoring thresholds that can put you in trouble—before you’re judged on them:
5-Year Cumulative Net Yield
12-Month Default Rate
5-Year Default Rate
Early Problem Loan Rate
High-Risk Origination Rate
1502 Reporting Rate
Loans in Active Default Status over 3 Years Rate
24-Month Repair/Denial Rate
FDIC total Risk-Based Rate
Non-Performing Asset Ratio
Lender Purchase Rating
Average SBPS (weighted)
Recovery Rate (Over last 5 years)
Has Prudential Regulator (Preferred)/No Corrective Action Request (Preferred)
Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
We will automatically forward a certificate of participation for those who are registered to attend the webinar via GoToWebinar.
If you have purchased the unlimited site license and would like certificates for all who attend simply forward their names and email addresses to firstname.lastname@example.org. He will email the certificates to all attendees.
Questions are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to email@example.com. Also, feel free to ask pre-webinar questions.
About Coleman Webinars
Coleman is the largest producer of small business banking video webinars and online training for the banking industry.
Our faculty are professional instructors are the absolute experts in their fields.
Why a Coleman Training Webinar?
It’s very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have several options to view the program. You may watch on screen, or listen in on your phone.
You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $589.
A great benefit of the program is that you may have your questions answered by the faculty. All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish.
A transcript of the program is also provided to purchasers of the unlimited site license.
How it Works
We use GoToWebinar for the webinar platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to firstname.lastname@example.org, and he will schedule a test run.
There are two ways to access the webinar. The first is to simply click on the link we will provide when you register.
If you have a firewall issue, or you can’t get the GoToWebinar link to work, don’t panic!
The second way to access the webinar is directly from the GoToWebinar website. You will simply need to input the webinar ID and access code. These will also be provided when you register, and again the day before the webinar when we distribute the handouts.
Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
All Coleman Webinar Speakers are seen Live via Video Stream
You will see our speakers live through a video feed. You may customize the size of the speaker and PowerPoint presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the PowerPoint.
Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.
You will receive the PDF handout via email the day before the event. These may be distributed to all of your attendees.
If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email email@example.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.
The Fine Print
1) The single user registration fee of $489 is based on location not attendance. You may have as many people in one location attend. You may distribute the materials to anybody in your company.
2) For only $100 more ($589), you may invite as many people from your institution from as many locations as you wish. (You also get the reply link and transcript!) We will forward you a link that allows you to sign up as many people as you wish.
3) Substitutions are allowed at no charge.
4) Cancellations receive a 100% credit for any Coleman product.
5) As with all our products, we offer a 100% money back satisfaction guaranty — no questions asked.
1) Previous customers need only to send an email to firstname.lastname@example.org with “Register Regulator Webinar” 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, 28081 Marguerite Pkwy, #4525, Mission Viejo, CA 92690
5) Click “Add to Cart” to pay using PayPal
Editor, Coleman Report
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