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SBA Moves to Risk-Based Lender Oversight
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Business New Haven
11/10/2003
By: BNH
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| WASHINGTON, D.C. - The U.S. Small Business Administration (SBA) will implement a risk-based approach to overseeing individual lenders that includes an early warning predictive score component and a more comprehensive lender review process. "With these tools, the SBA will be in a better position to identify and manage risk in our loan portfolio," explains SBA Administrator Hector V. Barreto. Last spring, the SBA hired Dun & Bradstreet and Fair Isaac to provide loan and lender monitoring service for the agency. The system was recently delivered by Dun & Bradstreet to the SBA, offering the agency the ability to assess the performance of individual lenders and evaluate the overall performance of the SBA's 7(a) and 504 loan portfolios. The entire SBA loan portfolio is credit-scored for portfolio-management purposes each quarter. The SBA analyzes the portfolio to quantify loan and lender performance and to track relevant trends.
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