At a Glance
SolomonEdwards is a national professional services firm focused on strategy execution. Our largest practice is the Banking & Financial Services team. We’re considered a leading expert in vetting, interviewing, and providing exceptional resources and management for your business-critical initiatives.
During the pandemic, we offer highly experienced former SBA employees to help guide you through various federal programs, such as the Paycheck Protection Program (PPP).
We can also staff your “business as usual” and backlogs for both remote and onsite services, in addition to providing project oversight leveraging our own in-house financial services leaders.
SolomonEdwards’ focus on the changing regulatory environment, coupled with superior banking and mortgage expertise and customized solutions, makes us the ideal partner for a wide variety of financial organizations: community banks, commercial banks, credit unions, non-bank mortgage originators and servicers, and government and government-sponsored financial services organizations
Most importantly at a time like this: our model allows us to launch a project within weeks, reducing ramp up time and achieving target performance. Let SolomonEdwards help you navigate the challenges of today.
How We Can Help
We service both lending institutions and borrowers in their SBA initiatives such as:
- Project management of the PPP program by experienced SBA experts
- Supplemental resources to assist institutions with PPP originations, forgiveness applications, and/or questionnaires
- Review of completed questionnaires and supporting documentation prior to SBA submission
- Guidance to borrowers on the completion of required forms and compilation of supporting documentation
When it comes to managing daily operations, we can:
- Provide staffing to manage “Business As Usual” and Backlogs for both remote and onsite services
- Supplement staff within an existing process, allowing you to re-deploy resources during critical times
- Manage all processes and people, remote or onsite, to fit your specific requirements and business needs
- Provide quality control and assurance services to help minimize losses
- Manage daily production and performance
- Hire, train, and manage all resources
Meet the Team
Candace joined SolomonEdwards in 2007, founding the Houston office, as well as the national Banking & Financial Services practice. She currently serves as Partner of the Houston office and Managing Partner of the Banking & Financial Services (B&FS) practice.
With over 25 years of professional services experience in financial and operational consulting for the financial services industry, her clients span large commercial and mortgage banks, the major GSEs (FNMA and FHLMC), large seller-servicers and the FDIC and the SBA. She oversees a team of delivery experts who serve large and medium-sized financial services clients across the nation. Candace also acts as a subject matter expert on B&FS projects related to audit and compliance, as well as to loss mitigation and other operational business process improvement projects for mortgage banks and servicers.
With more than 25 years of experience in the financial services industry, Michelle Phung has direct responsibility for overseeing all aspects of delivery for B&FS engagements including assuring the quality of project execution and ensuring resources with the appropriate skill sets are assigned to engagements. With her deep banking expertise, she also acts as a subject matter expert on our large compliance engagements, as well as on projects related to operational business process improvement and system integration.
Fred serves as Director of Banking & Financial Services, with a focus on Credit, Operations, Policy, SBA, and Enterprise Risk.
As it relates to the SBA, Fred spearheaded a PPP Loan Forgiveness Program for a large regional bank, advising the firm’s clients on completing documentation for best results.
Most recently, he directed and supervised a staff of 10 that provided analytical services and processing for a community bank’s effort to process a large number of loans on the second round of the Paycheck Protection Program in January 2021.
Various other responsibilities include development of credit frameworks, business process improvement for exception tracking and loan origination systems, Quality Assurance assessments for credit operations, and authorship of lending policies for banks who are covering specialized lending groups such as healthcare, alternative energy, TV and movie production.
Susan is the Practice Leader of the North Texas/Arkansas/Oklahoma market. Susan has over 25 years of experience in accounting, finance, audit, management consulting, marketing, and sales management. She has experience delivering projects related to M&A Integration, Data Solutions, Change Management, Technical Accounting Compliance, Regulatory Compliance and Program and Project Management.
Amanda is a Principal with SolomonEdwards’ Banking & Financial Services Practice. She has over 20 years of diverse financial services experience, including complex project management of major commercial business process improvement initiatives and multiple large scale commercial system integration projects in the operations areas of large commercial and mortgage banks. Amanda has deep expertise in all areas of risk management including regulatory compliance, internal auditing, FDICIA and Sarbanes-Oxley risk assessment, documentation and testing.
Brian Markley leads SolomonEdwards’ national Transaction & Regulatory Advisory Services (TRAS) practice as well as our New York office. Brian’s expertise focuses on regulatory compliance including SEC & US GAAP technical advisory as well as Sarbanes-Oxley Compliance Services. His career experience includes extensive public accounting and financial controllership with concentrations in regulatory compliance, mergers and acquisitions, initial public offerings and international business.
Contact Brian to learn more about Troubled Debt Restructuring and optional relief from accounting for certain short-term modifications due to COVID-19.
Disclaimer: Please note that we are not a public accounting firm, law firm, government agency, or third-party processor. As a strategy execution firm, we’re here to assist with your remote SBA needs, including vetting, hiring, training and project management. As the details and implementation of the second stimulus package are subject to change, we encourage you to visit the SBA website for the latest information.