Title insurance serves several important functions for lenders. Primarily, it insures that the lien created by a mortgage, deed of trust or security deed is valid and enforceable…
With the issuance of SOP 50 10 8, which became effective June 1, 2025, SBA 7a Lenders with delegated PLP authority have had to make some changes in…
On March 7, 2025, SBA issued Policy Notice 5000-865754 (the “Policy Notice”), Policy Updates to Comply with Executive Order 14159 Regarding Citizenship Requirements for Obtaining 7(a) and 504…
Failure to perfect and maintain liens in the proper lien position against collateral is consistently one of the top reasons for repairs of the SBA Guaranty. Therefore, an…
The Small Business Administration (SBA) has launched its new 7(a) Working Capital Pilot (WCP) program, which will take effect on August 1, 2024. SBA published notice of the…
A crucial step of underwriting and closing an SBA loan is verification of the SBA applicant’s financial information and tax returns. SOP 50 10 7.1 sets forth specific…