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SBA Lender and Loan Oversight (view source)
Revision as of 15:19, 15 January 2016
, 15:19, 15 January 2016no edit summary
#Develop contingency plans in the event that the Dun & Bradstreet contract is discontinued.
[http://www.dnb.com/content/dam/english/dnb-solutions/risk-management/fundamentals_of_government_lending_oversight.pdf] [https://books.google.com/books?id=RYzbIVP39RoC&pg=PA15&lpg=PA15&dq=comprehensive+sba+loan+data+504&source=bl&ots=_MmL5oLWQY&sig=-0geLuDHvCRTLXwRQDSSIFnnY0E&hl=en&sa=X&ved=0ahUKEwjw_ffdjsPJAhWPrIMKHThGBBcQ6AEINzAD#v=onepage&q&f=true]
While their efforts since the 1999 and the 2004 GAO report are to be commended, the SBA still has incomplete and inaccurate loan agent discourse data. A September 2015 OIG report found these inaccuracies are likely to hinder oversight efforts. The SBA claims that their progress in implementing a robust loan agent registration and monitoring system has been limited by their lack a statutory authority to collect personal information from loan agents that would uniquely identify them. The SBA only began recording and tracking loan agent information in a searchable format in 2010. [https://www.sba.gov/sites/default/file/oig/Report_15-16_SBA_Needs_to_Improve_Its_Oversight_of_Loan_Agents.pdf].
