A Center of Excellence (CoE) is a team, a shared facility, or an entity that provides leadership, best practices, research, support, or training for a focus area. CoEs are often created when there is a knowledge deficit or skills gap within an organization. They are typically formed to address a skills/knowledge deficit within an organization, and the members of a CoE are typically coaches. The concept of creating special-interest groups for thought leadership originated in lean manufacturing. CoEs are often ongoing, but they can also be temporary.

There are different types of CoEs, including:

• Human Resources CoE: A component of traditional HR operating models that provides critical capabilities that align with organizational priorities. Common CoEs in HR include talent acquisition, learning and development, and talent analytics.

• Real Estate CoE: Refers to the term "Close Of Escrow" (COE), which designates the moment at which both parties are contractually obligated to abide by the terms of the agreement. The buyer is required to finish the transaction if COE happens, and the seller is no longer able to receive counteroffers. Different kinds of COE are available for use in real estate deals, including actual COE, constructive COE, and equitable COE.

• VA Loan CoE: A Certificate of Eligibility (COE) is a document from the Department of Veterans Affairs that confirms your eligibility for the VA loan program. The COE also details your available VA loan entitlement and if youre required to pay the VA funding fee. There is more than one way to obtain a COE, and while its a short and simple document, it can stir up a lot of confusion.

In summary, a Center of Excellence (CoE) is a team, a shared facility, or an entity that provides leadership, best practices, research, support, or training for a focus area. CoEs are often created when there is a knowledge deficit or skills gap within an organization, and they can be ongoing or temporary. There are different types of CoEs, including Human Resources CoE, Real Estate CoE, and VA Loan CoE.