January 28, 2011
Firm News for January: David Starfield to Facilitate Breakout Sessions at NAGGL SBA Lender Leadership Summit
David will facilitate the breakout session, “Purchase Issues in the New Normal.” The new Liquidation SOP now says that lenders must submit purchase packages that “demonstrate that SBA is obligated to honor is guaranty. ” While SBA’s processing of 7(a) purchase requests is much improved, several issues remain.
Later, David will lead a general session on “Issues in Lender Oversight and Increased OIG Activity.” Many lenders continue to question the effectiveness of existing OCRM onsite reviews and the accuracy of L/LMS data. And many read the new SOP 50 53 and its open-ended enforcement actions as potentially damaging to program participation. Hot button topics will be discussed. In addition, the program will focus on OIG reviews, audits and investigations, including their effect on lenders and the SBA program itself.