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Updated: 8 min 49 sec ago

RE: OFN Conference Tips Needed: Maximizing Your Time

52 min 41 sec ago
From : Communities>>Open Forum
I have to agree with @Brian Sample that the OFN app is a great tool to keep you on track. Although not everyone has the luxury, if more than one member of your team is attending, divide and conquer!  Review the activities available and attend as many of interest to your organization as possible.  You can share notes later in the day or even after returning to the office.   Don't have another team member attending?  Make a new friend (or several), add them to your OFN app contact list and exchange [More]

RE: Experience with becoming an SBA lender?

1 hour 46 min ago
From : Communities>>Open Forum
Hey Nate -  what is your market?  Guaranteed loans for real estate (SBA 504)?; micro loans; Community Advantage? Or all of the above? ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Whats your favorite loan servicing software?

9 hours 40 min ago
From : Communities>>Open Forum
We recently added Margill Loan Manager to our traditional DownHome Loan Manager.  The old program is becoming difficult to update, and we have noticed some odd interest calculations.  Margill does everything you listed, and is fairly intuitive.  Unfortunately, we have not made a complete switch, since we do not want to move our historic data... ------------------------------ Eron Thiele Authorized Representative MAY Coalition, Inc. Spruce Pine NC (828) 765-8880 williamwilliam ------------------- [More]

RE: Whats your favorite loan servicing software?

10 hours 21 min ago
From : Communities>>Open Forum
We have been using Down Home Loan Solutions for the past ten years and migrated to their cloud-based solution a couple of years ago.  For the most part, it works well.  As with all 'solutions', there can be some issues.  We like the ACH process and are in the process of migrating all of our borrowers to online payments. The desktop version of the software was really good and very flexible.  The cloud-based version has had some kinks, for example - fixed payment loans or interest only loans with same [More]

RE: Whats your favorite loan servicing software?

11 hours 1 min ago
From : Communities>>Open Forum
LIke Jamie, we also shifted from Portfol, which we used for over ten years, to TEA.  Because we wanted to use the TEA  system to capture a myriad of metrics related to both our lending and grant making, the conversion was not an easy one.  TEA's loan administration, however, was easily converted and does a great job managing our $100 =/- million loan portfolio. It integrates well with our accounting platform.  Just be aware of the time lines involved to get through the entire process.   Unlike Jamie, [More]

RE: Whats your favorite loan servicing software?

Wed, 2018-09-19 11:06
From : Communities>>Open Forum
Invest Detroit is currently switching to TEA from Portfol after much deliberation and quite frankly a lot of disappointment around the software available in the market.  We had used NLS before moving to Portfol three years ago and have not been very happy with the way Portfol handles loan accounting.  We will be integrating TEA with Salesforce.  Good luck to you!  We used ATX advisors to help us navigate the process, identify our requirements and parlay with the vendors.  I would highly recommend [More]

RE: OFN Conference Tips Needed: Maximizing Your Time

Tue, 2018-09-18 17:37
From : Communities>>Open Forum
I have always found the conference app to be extremely helpful in keeping me organized and on track at the conference. The maps and room locations are key to getting to where you need to go on time. If you have not already picked your sessions, the descriptions and speaker bios are very useful in deciding what sessions to attend. AND you don't have to to carry around your conference bag :)  You can usually download the app a week before the conference to get you prepared!  BJS  ------------------------------ [More]

Experience with becoming an SBA lender?

Tue, 2018-09-18 17:26
From : Communities>>Open Forum
Hi all, I'm interested to speak with anyone who has been involved in the process of becoming an SBA lender. If anyone is willing to share their experience, please message me off-board at nschaffran@ncclf.org . Thanks in advance! Nate -- Nate Schaffran Manager, Food and Enterprise Lending Northern California Community Loan Fund Investing in Opportunity, Together San Francisco - Oakland - Fresno Phone : ( 415) 392-8215, ext. 328 / Fax: ( 415) 392-8216 www.ncclf.org - Facebook.com/ncclf - Twitter: [More]

RE: Favorite OFN Conference Memory

Tue, 2018-09-18 12:34
From : Communities>>Open Forum
I didn't attend last year's conference but have vivid memories of the one in Detroit. The spirit there was electric and I left with a new favorite song: Sharon Jones belting out "This land is your land." If I ever need a boost, I play that track and am reminded of why we do what we do! BTW, anyone interested in starting a CDFI-spirit song contest? No performance required. Just respond with your favorite tune(s), ones that keep you going when the going gets tough in our industry. I'll start with my [More]

RE: HUD Sec 108 loans

Tue, 2018-09-18 11:50
From : Communities>>Open Forum
We have utilized the HUD Section 108 program for our clients dating back to 1988.  We have arranged or placed over $20 million of projects in the City of Los Angeles in a wide array of non housing applications.  We would be more than happy to share iur insights. ------------------------------ Michael Banner President & CEO Los Angeles LDC, Inc. Los Angeles CA 2134488043 ------------------------------

re: kissing babies in Chicago?

Tue, 2018-09-18 11:26
From : Communities>>Open Forum
HI all. I'm honored to have been nominated to the OFN Board. When this went down, I had not idea it meant "campaigning," but turns out it does. :) So, while I will be looking for babies to kiss and hands to shake while we're in Chicago and before the Wed morning vote, thought I'd share this "candidate statement" so you can learn more about me and consider giving me your vote -- and the privilege to serve! Please ping back or directly if you want to begin a dialogue. Opportunity for All, Kristine [More]

RE: OFN Conference Tips Needed: Maximizing Your Time

Tue, 2018-09-18 11:13
From : Communities>>Open Forum
I agree. It's like Thanksgiving Dinner, so much to choose from and it only comes once a year and my plate is too small. :) I use the "tracks" OFN suggests and also scour the panels for people I want to meet or reconnect with. I love to combine sessions with networking. ps - I always sit in the front to make sure I can easily say hello to panelists afterwards. ------------------------------ Kristine Breese Michie Vice President of Strategic Philanthropy and Investments ACCION New Mexico-Arizona-Colorado [More]

RE: Whats your favorite loan servicing software?

Tue, 2018-09-18 09:55
From : Communities>>Open Forum
Hi Jaclyn, One of our CDFI affiliated companies (Small Business Finance Fund - Bankers Small Business CDC of CA) uses Ventures+ which was created by our parent company many years ago to help our lending industry with similar issues we were facing.  Ventures+ allows lenders to process, underwrite, service and track payments.  Please feel free to contact me for more info or click HERE to view more info about our product. ------------------------------ Miriam Voigt Director of Sales & Support CDC Ventures+ [More]

HUD Sec 108 loans

Mon, 2018-09-17 13:19
From : Communities>>Open Forum
Has any CDFI participated in the HUD Sec 108 Loan Guarantee Program?  Under the program, a CDBG recipient (state or local government) pledges future CDBG awards to repay a loan and HUD guarantees the loan.  I'm wondering whether we could provide financing for a special needs housing project using Sec 108 to guarantee and CDBG to at least partially repay our loan.  Any feedback would be appreciated. ------------------------------ Jerry Rioux, Executive Director San Luis Obispo County Housing Trust [More]

RE: My new favorite CDFI website

Mon, 2018-09-17 11:05
From : Communities>>Open Forum
This is indeed a really great website! It is also very inspirational what Ventures is doing! Thanks for sharing! Sydni D. Hair CDFI Development Specialist

OFN Conference Tips Needed: Maximizing Your Time

Mon, 2018-09-17 10:25
From : Communities>>Open Forum
There are so many valuable sessions being offered this year and I am finding it hard to choose! #OFNConference2018 What successful strategies have you used previously at the conference to maximize your time and/or pick the sessions you have attended? Do you have any recommendations? What sessions are you debating between? ​ ------------------------------ Allison Able Community Manager Opportunity Finance Network Philadelphia PA (215) 923-4754 ------------------------------

RE: Whats your favorite loan servicing software?

Mon, 2018-09-17 09:23
From : Communities>>Open Forum
We use Spark (created by CRF in Mpls, MN) and love it! I'd be happy to answer any questions or connect you to the company if you are interested. Sincerely, Carmen ------------------------------ Carmen Beardsley Credit Analyst Entrepreneur Fund Duluth, MN ------------------------------

Loan underwriting Software

Fri, 2018-09-14 14:49
From : Communities>>Open Forum
​We are interested in software that will help us streamline the initial applications for our small business lending.  Can anyone recommend options for underwriting software that will potentially screen applicants based on readiness for a loan?  Or a software system that the applicant enters the data which integrates this information into an excel format that may assign a rating? ------------------------------ Lori Finnesand CEO GROW South Dakota Sisseton SD 605-698-7654 ------------------------- [More]

Job posting President of Common Capital

Fri, 2018-09-14 09:54
From : Communities>>Open Forum
Greetings Colleagues! After 30 years (Can you imagine?) I will be stepping down as President of Common Capital at the end of this year. I have attached the job posting. With warm regards, Chris Sikes Christopher Sikes, President Common Capital 120 Maple St. Springfield, MA 01103 413 233-1681 413 265-9167 cell

Files Attached Document
Job posting President of Common Capital Attachments

RE: Whats your favorite loan servicing software?

Fri, 2018-09-14 09:12
From : Communities>>Open Forum
At Capital Good Fund we use Cloud Lending's loan servicing and origination software. I believe it's primarily designed to work with Salesforce.com, which is what we use, but worth looking into! ------------------------------ Andrew Posner Founder & CEO Capital Good Fund Providence RI 4013395437 ------------------------------

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