, The latest news for you

“Improve experience and everyone wins.” – Darmesh Shah

Greetings!

These last few months, we’ve focused on Screen Outs, and how procedures and checklists help you avoid them. And if you do end up getting one, we’ve reviewed the benefits you can gain by turning them into learning opportunities. This grows your team’s knowledge and experience, and thus you continue to improve … and avoid future Screen Outs!

LRM SBA Notice Nook

10 Day Notice Processing Application User Guide issued 2/23/2023

Extension of Guidance for revisions to 50 10 6 Use of IRS Form 4506-C and 8821 for 7(a) and 504 issued 3/1/2023

SBA FY 2024 Annual Evaluation Plan issued 3/13/2023

SBA Table of Size Standards issued 3/17/2023

White Paper: 7(a) Loan Program during SBA’s response to the COVID-19 Pandemic issued 3/21/2023

SBA Franchise Directory issued 3/23/2023

Screen Outs: Finding the Positive

-wait, WHAT?

No one wants to see that Screen Out message in their email in-box.

But we like to look at what’s normally considered a negative and find ways to make it a positive.

Screen Outs are top on that list. We know they’re inconvenient, often ill-timed, and create a lot of stress in your department. But you can get positive mileage from them, and here are four ways to do just that.

THE LATEST NEWS FROM OUR BLOG

Screen Outs - The last word

By Rebecca Mendoza

Welcome to the final article in our series on SBA Screen Outs. You can find the others by following these links: Errors in Loan Origination Packages, Errors in Guaranty Purchase Packages, and how Screen Outs can be a positive thing for your team (really).

In the last article, we focused on some positive takeaways from receiving and responding to Screen Outs in your Loan Origination and Guaranty Purchase packages. And, it’s important to understand their potential negative impact.

These three points are worth your careful consideration.

LEARN MORE

Experience comes in many flavors. There’s the unhappy experience of the unexpected Screen Out landing in your lap, and the satisfaction of applying your knowledge and experience to solve the problem – and to make sure loan packages are clean up front so you avoid the unhappiness.

And there’s the experience of working with a team that just clicks, where you know you can rely on each other to catch mistakes without making anyone feel inadequate, but always looking to learn and grow.

That’s the kind of experience that happens in teams with good procedures in place. If you’d like some help developing those processes and procedures, not to mention our favorite checklists!, give us a call at 877.576.0819, or connect with us through our website. We’ll set a time to talk and see how we can help!

Your Team at LRM Lender Consultants,