Prudent Loan Closing 2021 | NAGGL (National Association of Government Guaranteed Lenders) | 2 December 2021 | Online
Venue
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| Event Date | Thu Dec 2 EST (about 3 years ago) |
| Location | Online |
| Region | Americas |
Details
When a lender is authorized to make 7(a) loans, SBA expects lenders know how to originate, process, close, service and liquidate the loans in their 7(a) portfolio. But what steps should a lender take to make sure they have a prudent closing process that is compliant with SBA requirements? This live, repeat session from NAGGL’s 2021 Annual Conference takes a look at the loan closing process including basic SBA 7(a) fundamentals such as review of the loan authorization and the lender’s credit memo, documenting an obligor, due diligence and proper closing documentation.