Submitting IPERIA Audits via ETRAN
504 Lenders If your organization has been requested to upload an IPERIA (Improper Payments Elimination and Recovery Improvement Act) audit file, these audits can be uploaded from within Ventures. Within Ventures follow these steps: * Click on the SBA Submissions menu; * Click on the Etrans menu; * Click on …
ETRAN 504 Lenders - Interim Lender Wiring Information
Phase 1 of passing Interim Lender Wiring Information to ETRAN has been completed. Information entered in the Closing Requirements > Servicing Agreement menu used to populate SBA Form 1506 Servicing Agent Agreement can now be passed to ETRAN using Ventures. Phase 1 involves the following: * The key to a success…
ETRAN Validation Rule: For Lender, do not have an active agreement (219)
The following validation applies only to 504 Lenders: For Lender, do not have an active agreement (219) SBA has activated a validation rule that will be thrown ONLY if they do not have the ALP Agreement on file for your organization. * If you are NOT an ALP CDC your SBA Processing Method should be 504 - Bas…
ETRAN 912 Submission Package for 7a
ETRAN - Submitting your 912 Package for 7a loans * From Ventures > Make sure your Loan Status is set to Open > access the SBA Submissions > Etran menu * Click on the Existing " Application # " or if an application does not exist click on the Green Add Button to Add a new application (the green Add Button …
ETRAN Validation Rule: ApplicationNumber XXX is not in IP status.
You have attempted to submit a project for approval or are trying to upload documents but ETRAN fails and gives you the following error message: The key sentence in this error is the last one which states that your ETRAN application is not in IP (In Process) status. This generally means that you application is n…
ETRAN: Principal and/or Contact Ownership Requirements
The ETRAN platform has several MANDATORY fields for contacts when presenting them as owners for an entity within ETRAN. The following is a list of required data points that are required: * First Name * Last Name * TIN * Controlling Interest Management * Guarantee Type * Citizenship * Ethnic * Gender * Vete…
Mapping Referral Types to SBA Agent Types for use in 159 data transmittal
If you're wanting to electronically pass Agent information to SBA's ETRAN platform the first step is mapping your Referral Types with SBA Agent Types within the Administration menu. The steps to do this are outlined below: * Within Partner Contacts > Referral Sources there is a drop-down labeled Type . T…
504 Submission Types
If you're trying to submit an Application to SBA via ETRAN and the only option you see within the Ventures Submission Type drop-down is Pre-Application change your status from Prospect to Open within the General > General tab. If you're trying to submit a post-approval action to SBA and you do not see the 32…
ETRAN - Data Transfer & Uploading Compensation Agreement (Form 159) to SBA
This video will highlight the data entry points within Ventures that are needed to successfully pass the Compensation Agreement and the required data elements to SBA's ETRAN platform. <
504 Closing Document Upload and CAFS
In March 2020 SBA launched a pilot for CDC's to upload 504 Closing Packages via ETRAN (closing modernization: phase 1). Ventures has facilitated the upload of closing documents to the ETRAN platform however there are remaining steps to be completed within the CAFS platform to notify your Closing District Counsel. Th…
