Corporate Recordkeeping Techniques for Paralegals

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Corporate Recordkeeping Techniques for Paralegals

Corporate Recordkeeping Techniques for Paralegals

Prevent uncorrected or uncorrectable mistakes that result in SBA denying or reducing its guaranty. Things happen, and without corrective action recovery is not always guaranteed under the SBA 7(a) loan guaranty program. Recognition of this fact is the first step toward recovery because it requires you to be on watch and do it right. This topic discusses what has happened and ways to correct the unavoidable. If you have any role in making, servicing, or recovering SBA 7(a) loans, this content is for you. Protecting the SBA loan guaranty is crucial. Uncorrected or uncorrectable mistakes result in SBA denying or reducing its guaranty. You must protect yourself at every stage and this topic will tell you how.

Learning Objectives

  • You will be able to identify what the difference between denial and repair is.
  • You will be able to discuss how a denial can be turned into a repair.
  • You will be able to review what an “early default” is and what the pitfalls from such a default are.
  • You will be able to discuss what special issues arise when there are secondary market purchasers.

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    Who should attend?

    This live webinar is designed for presidents, vice presidents, branch managers, loan officers, loan department personnel, credit and collection managers, accountants and attorneys.

    Training content

    • What to Do When the Rejection Letter Comes (When a Guaranty Is Not a Guaranty)
    • The 7(a) Guaranty Is a Term of Art and Not a Guaranty in the Traditional SenseDetermining If the 7(a) Guaranty Purchase Is Being Denied or If a Repair Is Being Sought
    • The Difference in a Denial vs. a Repair
    • Reasons for Repair or DenialServicing Issues That Get You Into Trouble and How to Avoid Them
    • Liquidation Deficiency Issues
    • Site Visit Report Requirements
    • Undocumented Servicing Actions Issues
    • The MatrixThe 7(a) Guaranty Recovery Process (How to Turn a Denial Into a Repair)
    • When to Request Purchase
    • How to Request Liquidation Transfer Status (Liquidation Plan)
    • How to Request Purchase (Sending Electronic Files to SBA)
    • The SBA Mandatory 10 Tab
    • SBA Charge off Procedures Summary and Suggested Wrap-up Report
    • Referral to the U.S. Treasury Offset ProgramHow Do Secondary Market Issues Affect the Process
    • Are You Required to Purchase the Loan Back From the Secondary Market
    • If so, When Can You Do It, and When Must You Do It
    • What Happens If You Do Not Purchase Loan Back From Secondary Market

    Costs

    The cost of this Corporate Recordkeeping Techniques for Paralegals live webinar is $219 per participant.

    About Lorman Education Services

    Lorman Education Services

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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