After our client loan reviews in 2022, many of which included Screen Outs, we realized that we often see some of the same, repeating, common problems. So we’re starting a four-part series on handling these annoying, stress-inducing Screen Out notices. We’ll cover the most common errors, what you can do to resolve them, and yes, why they can actually be a Good Thing for you and your team.
PLP Lenders! This means you too! You no longer get Screen Out notices from SBA, which means you’re at risk for not realizing you’re out of compliance. You don’t want to discover this in an OCRM review or when you’re submitting your loan packages!
That said, let’s start with five common errors we see in Loan Origination Packages.
