Lenders have discovered the benefits of the SBA 7(a) Loan Program and are making loans at a record pace. As the below chart illustrates, total dollar volume hit a three-year high of $25.45 billion in FY 2017 (as of September 30, 2017). At the same time, the number of lender participants has dropped to 1,978
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We recently explored the benefits of outsourcing an SBA department back-office in 3 Reasons to Outsource Your SBA Department to a Lender Service Provider. Outsourcing to a Lender Service Provider (LSP) allows lenders to create an efficient and effective SBA and USDA program without many of the quantitative or qualitative risks associated with implementation and
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To illustrate the top reasons to outsource your SBA department, let’s start with 3 situations to avoid: Scenario 1 – Economic Risk: You’ve already made a significant investment in the people and systems necessary to offer SBA loans. Costs were higher than originally expected and additional expenses continue to build. You’re seeing some volume, but
3 Reasons to Outsource Your SBA Department to a Lender Service Provider Read More »
Momentum within and around the SBA 7(a) loan program continues to build in 2017. Many of our clients have successfully embraced this trend, helping Windsor to reach some amazing milestones. Most importantly, we have continued to demonstrate the ability to scale while maintaining the highest level of compliance through comprehensively designed and rigidly implemented controls.
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Windsor Advantage provides a comprehensive outsourced SBA and USDA loan department to more than 75 banks and credit unions in 27 states. With a servicing portfolio of more than $800 million and approaching $1 billion in loan closings since 2010, Windsor’s most important asset remains its people. In the first six months of 2016, Windsor
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