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Broker Compensation feat. Charles H. Green, Javier Jorge, & Kay Anderson | Ep. 157
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In this episode of The Art of SBA Lending, we’re diving into one of the hottest and most complex topics in the industry today: broker compensation in SBA lending.
As the competition for volume in the 7(a) space heats up, broker fees are on the rise—sometimes dramatically so. But what does that mean for the industry, lenders, and ultimately, the borrowers?
Join us as Ray brings in another panel of expert Art of SBA Contributors to dissect the impact of increasing broker referral fees and the ripple effects they have on SBA lending.
Is higher compensation pushing brokers to steer deals toward banks that offer the highest payout rather than the best solution for the borrower? And are those costs being passed on to the small business owner in the form of higher interest rates?
In this episode, we’ll break down:
- The ethics and impact of rising broker compensation
- How higher referral fees could affect borrower pricing
- Why banks might be "buying" business rather than earning it
- A proposed solution to ensure transparency and competition in the industry
Joining us are top SBA professionals:
- Charles Green, SVP at Harvest
- Kay Anderson, SVP at Live Oak Bank
- Javier Jorge, CEO of Chatbiz and SBA Director at Locality Bank
Tune in for a candid conversation on what’s driving broker compensation trends and what the future of SBA lending might look like if these practices continue.
This episode is sponsored by:
Lumos Data
Lumos empowers your small business lending growth with cutting-edge analytics and streamlined applications that optimize your performance.
If you're ready to take your small business lending to the next level with cutting edge analytics visit lumosdata.com.
Rapid Business Plans
Rapid Business Plans is the go-to provider of business plans and feasibility studies for government guaranteed small business lenders.
For more information, or to set up a Get Acquainted call go to
https://rapidbusinessplans.com/art-of-sbaJoin us at FLAGGL!
Catch Ray Drew, Chris Hackney, Alan Peterson, and Sterling Birdsong speak at the FLAGGL conference on September 19th in Orlando, FL
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