SBA Loan Closing Review demo
Every closing document compared with the SBA Authorization and credit memo, line by line, before funds move. 1:15
What the demo shows
A closing solution for SBA lenders that checks every closing document against the approval.
Six agents read the SBA Authorization, the credit memo and every signed closing document and draw a line from each approved term to the document that satisfies it; terms with no matching document hang loose. The closer fixes each loose end, the credit officer approves changes and the closing manager signs the checklist before funds move.
Transcript
- SBA Loan Closing Review ties every authorization term to the signed documents for SBA lenders.
- A gap between approval and closing can cost the guarantee years later.
- Bell Comfort borrows $2.1 million to buy an HVAC company.
- Six agents read 38 signed documents and draw a line for every term.
- 208 terms tie. Red lines show a document that disagrees.
- The life insurance line, $500,000, finds nothing not in the closing package.
- Select it, both sides quoted with who fixes it.
- Danielle sends six fixes.
- Funding stays held until each one ties.
- Wednesday, the fixes arrive, every line turns green, and Ray clears funding.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.