Organizations name are visible on the General tab of the overview page for all loans. If you are a packager for multiple organizations, your site administrator can add different organizations to your Ventures system.

Your Organization should be created during your Ventures implementation. There must be at least one Organization listed as the default organization.

We recommend adding all organizations you work with who you may import loan data from. Only site administrators can add, edit or remove organizations from your site. 

To add an Organization:

• Click on Administration in the menu at the top of the screen. By default the Administration section loads the Organizations menu option. 
• Click the Add button. A pop up will appear.

 

• Add the company in the company field. If the company does not exist in your Ventures system, click Add New and add the Company.
• Once you have selected your Company, you can mark if it should be set as the Default Organization using the checkbox. You should only have one default organization, it is usually the organization you work with. The default organization’s name will also be visible in the Ventures main bar at the top of the page.
• Enter a CDC number if relevant. This is only applicable for 504 lenders.
• Ensure the Active checkbox is checked. If unchecked the Organization will not be available for selection in your system as it will be marked inactive.
• In the Contacts section, enter the SLPC contact who will receive all SLPC e-mail notifications for submitted applications. This includes submission errors, final authorization, and screen out notifications. A copy of all ETRAN 504 correspondence will be sent to the individual designated in this drop-down. You can only classify 1 individual as the default however within the ETRAN POC table you can designate additional contacts. The contact you are searching for needs to be added to your Ventures platform and needs to have an email address input for their record. Click add new in the field to add a new contact.
• Once a contact is selected, select an SBA servicing office from the drop down menu. This list can be updated with additional entries by a site administrator. This field  is applicable to both 504 and 7A lenders.
• Select the CDC’s lead SBA office in the SBA lead office field. This field is applicable to both 7A and 504 loans.

Before you continue to the Fees and Document Settings tab: 

• Click on the hyperlinked company name. This will open the companies virtual card. Make sure there is a Location ID listed in the SBA partner field section. Click save to return to the Add organization pop up.

 

Once you have made sure the Location ID is recorded correctly: 

• Click the fees tab.

The fees tab has three sections:

• The Fee & Amount defaults section is applicable only for 504 lenders using a 504 loan type. The section lets you enter your amounts for :
  • The SBA Guarantee Fee percentage, the Processing fee percentage, the CDC closing fee. the Funding fee percentage, the portfolio job ratio and other out of pocket closing costs.
• The Underwriter fees section is applicable only for 504 lenders using a 504 loan type: The section allows you to enter:
  • The 10 year (504), 20 year (504) and 25 year (504) values.
• The Servicing fees section allows you to select if you want servicing fees to be modified. You can use this section to record the:
  • SBA Fee (504), the SBA Fee (504) for debt refinance without expansion, the CDC fee (504), the lender fee (7a) and the CSA fee.

When you finish filling out the fees tab:

• Click the Document settings tab

The document settings tab contains three sections:

The SBA form 1244 section is used by 504 lenders:

• It lets you record information for Section XVIII of the form. Specifically, you can mark if there have been any staff changes since the last debenture request and if there have been staff changes, was a form 1081 and their resume submitted to the SBA.
• You can use the Do not show purpose to hide the loan purpose on the form, instead Ventures will print “See Credit Memo” (if a comment exists)

The Form 4506-C section allows you to enter:

• IVES information for the 4506-C request for tax transcript form. You can enter the participant name, participant id number and SOR mailbox ID. You can also enter their address.

The Document and Form Generation section is important. You can use it to upload the logo for the organization. This logo can be used in documents generated from Ventures. Please click here for instructions on adding your organizations logo.

• Go through each tab and make sure you have entered all the information you need to. Then click save.

 

You will return to the organization table in Ventures and you should see the organization you have just created.

To edit an organizations settings:

• Click either the edit icon, or the organization name.

• The edit organization pop up will appear. It looks identical to the add an organization pop up pictured throughout this article.
•  Make the edits you need and click save.

We do not recommend deleting an organization. Instead you should mark it inactive. This will remove the organization as an option in your system, but will not affect existing loan files where it has been used:

• Click either the edit icon, or the organization name as seen above.
• The edit organization pop up will appear. Uncheck the Active box. 
•  Click save.