Special Assets Management

The Firm provides comprehensive SBA Special Assets support, helping the Bank manage distressed, high‑risk, and non‑performing SBA loans through specialized servicing and liquidation actions. Their primary objective is to preserve the SBA guaranty, mitigate losses, and ensure compliance with SBA regulations. The Firm's responsibilities are tailored to each institution and the outsourced solutions they need which can include:

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• Early‑stage intervention: Review loan files at first signs of distress and correct any deficiencies to protect the SBA guaranty.

• Default servicing actions: Order site visits, send Notices of Default, initiate SBA or Secondary Market repurchase requests, and monitor all required servicing activities.

• Liquidation planning & execution: Prepare liquidation plans, coordinate SBA approvals, and manage collateral recovery or abandonment when appropriate.

• UPP & charge‑off preparation: Prepare and submit the Universal Purchase Package (UPP) within 45 days of SBA repurchase, and complete Charge‑Off and CPC Tabs.

• SBA communications & inquiry management: Serve as the point of contact for SBA questions during the review process until all issues are resolved.

• Vendor management: Select, oversee, and monitor vendors for appraisals, environmental reports, valuations, title work, site visits, and other collateral‑related services, subject to Bank pre‑approval.

• OIC & litigation support: Prepare Offers in Compromise and Litigation Plans for SBA approval.

• Deadline management: Ensure all actions adhere to SBA’s timelines, including liquidation completion within two years unless extensions are approved.

• Repairs & denials: Support the Bank in addressing, contesting, and elevating SBA repairs or denials as needed.