Loan Applications and Checklists

MBL has developed a comprehensive loan application package designed to capture information quickly and easily, without unnecessary repetition, and our checklists help you avoid having to go back to your member again and again.

Business Loan Application

Designed for all commercial loan types

Personal Financial Statement

Simple 2-page form to identify assets, liabilities, and sources of income

Management Resume

Used to assist your business members in providing a history of their management experience

Loan Submission Checklists

Comprehensive list of items required to process and underwrite loan requests

SBA Program Questionnaire

Used to expeditiously facilitate the eligibility analysis for SBA loan program consideration

Loan Closing Checklist

List of required items to complete the closing process

Servicing Action Checklist

Items required for servicing action (e.g. loan modifications, releasing collateral, etc.)

Periodic Loan Review Checklists

Items required to complete periodic loan

Loan Processing

Leveraging automatic loan site creation and artificial intelligence, MBL quickly catalogues loan application packages and servicing requests, identifying potential documentation deficiencies before they are added to the production queue, saving time and money.

Loan File Setup

Compiling and reviewing provided information and documentation, concerning prospective borrowers and collateral

Eligibility reviews

A determination of compliance with credit union policy and all applicable regulatory requirements

Appraisal and Environmental Report Reviews

MBL provides reviews to help you ensure consistent and prudent lending practices to safeguard your credit union against possible losses

Tax transcript verification

MBL will obtain tax transcripts from the IRS, and will complete a comparison of the transcripts to the tax returns submitted by the borrower to ensure accuracy in the financial information provided

Loan Underwriting

When considering whether to extend credit to a business, a comprehensive, unbiased analysis is critical.  Even if you already have an existing underwriting expertise, MBL can assist with overflow to save you from the fixed costs of additional staff.

Loan pre-screening

  • Quickly and accurately assess risk with Experian® Business Credit Intelliscore Plus℠ and Financial Stability Risk Score℠
  • BA Small Loan score - Know whether your applicant qualifies for SBA loans up to $350,000

Periodic loan reviews

A periodic review of each loan’s payment performance, along with an updated analysis of the financial conditions of the obligors

Loan underwriting Credit analysis

  • Credit analysis for all types of commercial loans
  • CRE, C&I loans
  • SBA (e.g. 7(a), Express, Export Express, 504, CAP Lines, etc.)
  • Participation loans

Custom designed credit presentations

  • MBL uses Wolters Kluwer’s CASH Suite™ software, which allows us to customize the credit presentation to meet your credit union’s specific needs
  • Underwriting templates are developed to ensure adherence to credit union policy, and other regulatory requirements

Streamlined or Standard Credit presentations

  • Financial Strength
  • Credit History
  • Collateral
  • Management

Loan Documentation

MBL’s staff of experienced commercial loan documentation experts are knowledgeable in all types of commercial loan structures (e.g. C&I, CRE, SBA, 504, construction, lines of credit, etc.).  Our experience combined with the industry leading loan documentation software, allows us to deliver timely and consistent documentation.

Loan Document Preparation

  • Complete commercial loan documents using Finastra’s LaserPro® software
  • A dedicated lender license with regulatory compliance in all 50 states is purchased for each credit union

UCC search and filing

We will perform a final UCC search prior to closing to ensure the proper lien position, and will complete the filing to perfect security interests

Title policy reviews

We perform a complete review of the title policy to ensure all the necessary endorsements are included, and that there are no title related issues that may affect your interest in the pledged collateral

Flood determination

A flood determination is performed to determine whether flood insurance is necessary to protect collateral

obtain approval of SBA guaranties

Preparation and submission of all information required to obtain guaranties from SBA

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