June 18, 2015
By Bob Coleman
Editor, Market Trends Thursday
Humbled by the awesome response by the industry regarding the discussion of 100% financing for SBA 7(a) CRE loans, I thought I would turn to the industry’s take on loan brokers.
Overall, are you satisfied with your experience with SBA 7(a) loan brokers?
Our institution will accept loan referrals from loan brokers for SBA 7(a) loans
A broker must be vetted and place on our approved loan broker list in order for us to accept the referral
Do you know it is your responsibility to check SBA’s website to make sure a broker is not disbarred or suspended?
Estimate what percentage of your institution’s loan volumes is from loan brokers?
Less than 10%
10% to 25%
25% to 50%
On average, what is your loan broker referral fee?
1 ½ %
More than 2%
Any additional comments?