Professional Course

Corporate Recordkeeping Techniques for Paralegals

1.5 hours
1.5 hours
This provider usually responds within 48 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.

  • Do you work at this company and want to update this page?

    Is there out-of-date information about your company or courses published here? Fill out this form to get in touch with us.

    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


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

    Contact this provider

    Contact course provider

    Before we redirect you to this supplier's website, do you mind filling out this form so that we can stay in touch? You can unsubscribe at any time.
    If you want us to recommend other suitable courses, please fill out all fields below and check the box beside "Please recommend similar options"
    Country *

    reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Lorman Education Services
    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

    Lorman Education Services - Live and On-Demand Courses

    Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

    Read more and show all training delivered by this supplier