Due Diligence and Ongoing Monitoring

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SBA- CDCs used for SBA loan packaging -how do you manage these?

  • 1.  SBA- CDCs used for SBA loan packaging -how do you manage these?

    Posted 17 hours ago

    There was another post on this back in 2021 with no feedback, so I'm hoping this can get some traction.  We have a  CDC that we use for SBA loan packaging.  Over the past few years, it's been a struggle to get their due diligence and what we do get shows concerns with their information security/cybersecurity posture.  I know they are SBA-regulated, but to my knowledge, SBA does not evaluate IT/cybersecurity controls of these companies.  We have begun evaluating a new CDC and I'm finding similar issues as our existing one.  If you are using CDCs, how are you managing these?  



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