Loan Review Committee
Transcript: Total debenture amount = $87,294,000.00 Average debenture = $632,565.22 Largest = $5,250,000.00 Smallest = $62,000.00 Loan Status The Facts The average number of members present = 7 10 is the most, 6 is the least Average length of a meeting is 38 minutes What is Loan Review Committee? Each Week Colorado Lending Source holds a Loan Review Committee meeting in which 504 loans are presented and voted on for approval by its members. The members provide a more critical eye. Their questions help to see the loans in a different light and solve many potential issues the SBA may have with the loans. Once the loans are approved by the Loan Review Committee they are sent to the SBA. 138 loans have gone through Loan Review Committee (March through August 2013) 2 PCLP, 1 Refinance/Expansion, 5 Modifications 1 has been declined Loan Review Committee Meeting Facts We have worked with 101 bankers 39 Banks Which banker has done the most 504 loans? Which bank had done the most 504 loans? Who is on Loan Review Committee? There are 18 Colorado Lending Source Members divided into two teams. The teams participate on alternating weeks. They need to commit to attending their teams meetings, but are encouraged to attend others. 5 members must be present for quorum. They can call into the weekly teleconference, or if they are unable to make it, they can email their questions and votes. Debenture Facts Loan Review Committee Every Tuesday 9:30 AM, Conference Room See you there! Loan Facts Counties Average number of loans presented each week = 5 9 is the most, 2 is the least July was the busiest month with 30 loans presented Only 18 presented in May Lenders Loans have been approved in 22 Colorado counties.