PRLog - Feb. 21, 2013 - LA CANADA FLINTRIDGE, Calif. -- The long-awaited new U.S. Small Business Administration servicing and liquidation Standard Operating Procedural manual has been released and will take effect March 1, 2013.
SBA SOP 5057 SBA 7(a) Loan Manual
This is the first major revision to the SOP since 1999. SBA is doing away with separate servicing and liquidation manuals, opting to combine them into one.
Join national SBA policy expert and professional Coleman webinar instructor, Lisa Lerner , as she guides you through the many changes taking effect that day.
Here is a peak of some of the changes:
Changes Related to SBA 7(a) Loan Servicing
Seasoned Loan Definition
Loan Action Justification and Documentation
Subordination in Conjunction with SBA Loan Assumption
Changes Related to Liquidation Policy and Procedures
Release of Redemption Rights
When Collateral Must be Liquidated
Use of Debarred or Suspended Loan Agent
You will learn:
The changes in the new SOP 5057 you need to know to service your SBA loans.
The changes in the new SOP 5057 you need to know to liquidate your SBA loans.
The changes in the new SOP 5057 that affect the underwriting of your SBA loans.
This webinar is rated “INTERMEDIATE”
About Coleman Webinars
Coleman is the largest producer of small business banking webinars in the country, all taught by the best experts in our industry.
Not only our instructors chosen with care, they are excellent teachers of their craft.
Coleman’s Webinars provide 75 minutes of highly specialized information, access to industry experts, live Q&A, and step-by-step “how-to’s”
Two monthly SBA topical webinars are conducted by John Dunn and Lisa Lerner, our national
professional SBA instructors.
Dunn and Lerner’s presentations solve pressing problems facing today’s SBA lending professionals.
Every month, the author of the bestselling “The SBA Loan Book” and the just released book, “Get Financing Now,” Charles Greene presents a program on a topical small business lending underwriting subject.
We rotate our SBA loan liquidation and servicing webinars with three of the finest experts in the country — Ethan Smith of SBA lender boutique law firm Starfield and Smith, SBA lender attorney Mitch Fogel, and Kerri Agee, of banc-serv, the president of the largest SBA loan service provider in the country.
Bob Coleman is the Author of “Money Money Everywhere And Not a Drop For Main Street“. Coleman is the Editor of the Coleman Report, a trade newsletter for small business bankers. He is the nationally recognized expert on small business banking. He has appeared on Fox Business News and CNN and has been quoted by most major financial media outlets including the Wall Street Journal, New York Times and Bloomberg. He has spoken at numerous small business banking events across the United States, including international engagements.
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