Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
NOTES: Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Therefore, NRBA is not responsible for the security, content or availability of third-party sites, their partners, or advertisers.
NO NONSENSE and NO EXCUSES approach to servicing your Assets and Loss Mitigation Portfolio.
Funding available to efficiently manage 10-15 initial Asset assignments, on a monthly basis, and management of on-going services of all Asset assignments in inventory.
We will get you “Closer To Your Goal” this month. Broker/Owner with 25 years REO experience with a Fully Diversified Staff of experienced and seasoned professionals. On-going Training for efficient and timely asset management. Broker/Owner on-site for all CFK, Eviction Lockout, Initial/Weekly Inspection, Occupancy Verification, Re-Key and BPO/MSR submission. 98% BPO/Sale Price Ratio, DOM 72% less than MLS, 94% CFK Success Rate with 1,000's of Successful REO Sales, as Listing Agent, with price ranges of $10,000 to $1.25 Million. General Liability, E&O, Workmans Comp., Commercial Vehicle and Umbrella Policies in place.
Previous and Current Client Services for: Fannie Mae, SunTrust, 5/3 Bank, Executive Asset Management, IAS, Old Republic, Precision AM, MD Webb, Meridian Asset, Fay Servicing, Phoenix Asset, Truist Bank, Selene Finance, Green River, Goodman Dean, Bank of America, HSBC, PNC Bank, RBC Center, multiple Private Equity Companies, and many more AMC's.
Click Al Wimberly Broker 704-657-0593 email@example.com to send me an email today.
REO Services include, but not limited to:
BPO within 24 hours of initial assignment.
Occupancy Verification within 24 hours or less from initial assignment and a thorough understanding of NC tenant/occupancy laws.
REO Pre-Listing data sheet within 24 hours of assignment. Pre-List data includes Serial Numbers and Condition Reports for all appliances and major mechanical, plus other info often not included with system uploads.
True Relocation Assistance, including mover contacts and short-term rentals, if needed, for the areas we service.
Initial services contractors on-board for re-key, initial lawn, winterization, and on-going maintenance.
Property Tax and Code Violation search within 24 hours of initial assignment.
Professional Photos and Extensive Marketing plan for ALL assignments.
Loss Mitigation Services include, but not limited to:
Extensive training and knowledge of tenant/occupant law.
Deed-In-Lieu and Relocation Assistance experience and knowledge.
Multiple technologies available and continued visits/efforts for occupant contact.
Iredell, Mecklenburg, Rowan, Catawba, Cabarrus, Lincoln and Gaston Counties in North Carolina
RIO Genesis, Equator, Res.net, Client Portal Access, Immediate Feedback and Live Streaming, Multiple Client Communication Portals:
Our clients receive the best of both worlds--Old School Experience integrated with High Technology Systems.
We take youalong with us (if you would like to) for Occupancy Verification, Lockouts, Before/During/After Repairs, and Repair Updates through our joinme.com and/or FaceTime live feed. GoPro video recording during occupancy verification and lockout and held in-file for review if ever needed. iPads/iPhones on-site with all asset initial services, repairs before and after, marketing, and pre-closing checklist walk-through. We treat your assets as if they were our own homes. Safety, Legality and Security are held in highest regard.