CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 16 min 47 sec ago

Staff Tuition and Student Loan Support Programs

Fri, 2022-01-14 11:48
From : Communities>>Open Forum
Hello all! One of our staff is starting a job-related master's program here soon, and we were interested in exploring some potential options to support tuition and student loan forgiveness as an organization. Do you have any sample programs that other CDFIs have implemented that we could look at or any associated resources on the topic that we could consider? Thanks for your thoughts! ------------------------------ Krystal Langholz Chief Operating Officer First Nations Oweesta Corporation Longmont [More]

RE: Loan Application Platforms

Thu, 2022-01-13 21:16
From : Communities>>Open Forum
Hi Gabriella, Would love to chat about what Wharton is doing in this arena.  WG 1986 here!  Lauder too.  juliem@housingtrustsv.org ------------------------------ Julie Mahowald Chief Financial Officer Housing Trust Silicon Valley San Jose CA (408) 436-3450 ------------------------------

F|A CDFI clients score big $ under Virginia Small Business Resiliency Fund!

Thu, 2022-01-13 16:50
From : Communities>>Open Forum
Dear colleagues - join me in congratulating our Virginia CDFI clients Economic Development Group, Latino Economic Development Center, Community Investment Collaborative, Foodshed Capital, and Community Business Partnership who received financial assistance awards under the state's new Virginia Small Business Resiliency Fund! What an incredible opportunity for these CDFIs to leverage these funds to increase loan volume and impact in their target markets. Happy New Year, indeed!  **** Commonwealth [More]

RE: Loan Application Platforms

Wed, 2022-01-12 19:38
From : Communities>>Open Forum
Great! Thank you and if receive enough responses, will do! ------------------------------ Gabriela Campoverde Miss Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Philadelphia PA 3477769459 ------------------------------

SEO + Google Ad program

Wed, 2022-01-12 11:40
From : Communities>>Open Forum
Is anyone working with a vendor that manages your Google Ad nonprofit grant as well as SEO? Interested to visit with you and your organization... Thanks,Lonnie SmithPresident - On the Road Lending470-522-7358 (mobile) 214-217-6048 (fax)ontheroadlending.org On the Road Lending's loan fund, OTR Fund I, LLC, is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury. CDFIs provide credit and financial services to underserved markets and populations [More]

RE: Loan Management System

Tue, 2022-01-11 09:28
From : Communities>>Open Forum
Hi Lynn, we just did a good deal of research on this topic and are listing some options here we came across that might be worth you looking into. Some are more or less used by CDFIs and others may or may not fit your needs: IvyTek   Fundingo             Baytree by Fern Hawthorne River             nCino    Lending Front    DownHome Loan Manager          The Exceptional Assistant             Calyx     Ventures Lending Technologies  Finastra Spark ------------------------------ Michael [More]

RE: Loan Application Platforms

Tue, 2022-01-11 09:23
From : Communities>>Open Forum
Hi Gabriela - would love to connect with you about your project. I took the survey but would like to learn more directly. We provide a similar software solution (www.oweesta.org/otis) and are looking to make improvements and would like to talk with you about our project. Please reach out at andrea@sweetgrassconsulting.net! ------------------------------ Michael Brydge Sweet Grass Consulting Fort Collins CO 540-448-1826 ------------------------------

RE: Multi-Family Housing Training

Mon, 2022-01-10 18:21
From : Communities>>Open Forum
My course at Harvard Extension School, Financing Community Economic Development, has a few slots that have opened up.  Registration deadline is January 20th.  It meets on Wednesday nights beginning on January 26, 5:30 to 7:30 PM.  Email me if you have an interest, james_carras@harvard.edu ------------------------------ James Carras Advanced Leadership Fellow Individual Cambridge MA 9544152022 ------------------------------

What's in store this time for CDFIs and the SSBCI Program?

Mon, 2022-01-10 17:48
From : Communities>>Open Forum
Dear Colleagues - as many of you know, back in November, the  U.S. Department of Treasury posted guidance for its newly reauthorized State Small Business Credit Initiative (SSBCI). Rather than seeding businesses directly, states, U.S. territories, the District of Columbia, and Native American tribes must apply for funding, which then flows to participating lenders. Eligible small businesses and startups--typically defined as companies with 500 or fewer workers--may secure loans or investments as [More]

Files Attached Document
What's in store this time for CDFIs and the SSBCI Program?

RE: Loan Management System

Mon, 2022-01-10 13:41
From : Communities>>Open Forum
Hi Lynn, Have you looked at Linear Financial Technologies (ex Fundation and ODX)? They can build completely custom platforms and I'd be happy to introduce you to their CEO. Best, Michael

Loan Application Platforms

Mon, 2022-01-10 12:58
From : Communities>>Open Forum
Hello! I am a Wharton MBA student working on a project to learn about CDFI software use and their current unmet needs when it comes to their loan intake and management tools. If you have 2 minutes, please fill out the following survey. We greatly appreciate your time! Link to Survey: https://wharton.qualtrics.com/jfe/form/SV_2sNDLHmo341CxD0 Very Best, Gaby ------------------------------ Gabriela Campoverde Miss Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Philadelphia PA 3477769459 [More]

RE: Member Monday

Mon, 2022-01-10 10:50
From : Communities>>Open Forum
Today National Cut your Energy Costs Day and to celebrate, we are going to be taking a look at the amazing work of Enterprise Community Loan Fund. Enterprise has been addressing America's massive shortage of affordable housing for over 40 years. To date, $2.3 Billion has been invested, 123,500 homes created/preserved, 601,000+ healthcare visits facilitated, 16,200+ school seats created and over 4.5 M square feet of commercial real estate developed/rehabbed. Most recently, Enterprise has invested [More]

RE: Loan Management System

Fri, 2022-01-07 10:42
From : Communities>>Open Forum
Hi Lynn,  FaaSBank CRM and Loan Management System is specially designed for Community Lenders with a strong focus on activity management, Small business lending, grants and reporting. It also offers advanced features like Application portal with direct data sync and integrable with your website Customizable amortization scheduling with seasonal payment and forgiveness portion A vast library of reports Letter generation and bulk email Integration with all major accounting packages for easy [More]

RE: Loan Management System

Fri, 2022-01-07 10:09
From : Communities>>Open Forum
Hi Lynn,  I believe DownHome Loan Management Software can handle all of your requests.    https://downhomesolutions.com/      Perhaps you are already familiar with it.    If not - please look them up, and/or I would be happy to discuss our use of DownHome if that would be helpful.   Take care  - Janet ------------------------------ Janet Preston Assistant Director Woodlands Community Lenders, Inc. 316 Railroad Avenue, Suite 310 Elkins, West Virginia 26241 jpreston@wdgwv.org (304) 614-4758 (cell) [More]

RE: Loan Management System

Thu, 2022-01-06 17:27
From : Communities>>Open Forum
Hi Lynn, There are many good loan servicing systems out there, and I'm sure you'll get suggestions soon enough.  Prices range from a few hundred a month, to a couple of thousand. Only a handful handle participations, CDFI reporting, online payments, text alerts, and things like that.  I'll have a team member send you some info.  Thank you, and happy hunting. Loan Servicing Software | The Mortgage Office ------------------------------ A.J. Poulin Applied Business Software www.themortgageoffice.com [More]

USDA Rural Business Development Grants

Thu, 2022-01-06 11:03
From : Communities>>Open Forum
Are there any members who have applied for USDA's Rural Business Development Grant Program? We have been working on this application and the process for well over 15 months and continue to move in circles. The business programs offered by USDA in Mississippi are not utilized by eligible applicants and the USDA State staff has little to no experience with the programs so they can offer no assistance. ------------------------------ Kimberly LaRosa President and CEO Renaissance Community Loan Fund, [More]

Forum Question: Fees

Thu, 2022-01-06 10:14
From : Communities>>Open Forum
Does your Credit Union charge a one time Membership Fee? If so, how much?Do you charge a loan origination fee? If so, how much?Do you charge a loan application fee? If so, how much? LeWana Britt, CEO Mount Zion Federal Credit Union 3549 Boulevard Pl Indianapolis, IN 46208 317-923-4010 (O) 317-727-1158 (C)

KYC compliance system

Thu, 2022-01-06 09:45
From : Communities>>Open Forum
A client is looking for a standalone and cost-effective system to keep track of the documents it needs to obtain from customers for KYC compliance. Does anyone have any recommendations? Thank you. Michael J. Clain Windels Marx Lane & Mittendorf, LLP 156 West 56th Street, New York, New York 10019 Direct Dial: 212.237.1035 | General Fax: 212.262.1215 mclain@windelsmarx.com | www.windelsmarx.com This message is sent by a law firm and may contain information that is privileged or confidential. [More]

RE: Loan Management System

Wed, 2022-01-05 17:11
From : Communities>>Open Forum
The Exceptional Assistant - TEA offers the features you noted and more. The types of loans including Participation are available. TEA can also handle the Investment side covering loans to you with repayment requirements. Enhance that with our Application Portal, Client Portal with payment option and a variety of CRM type features might make it a good candidate for you. Ability to generate Loan Docs, CDFI TLR Reporting, Metro2 Credit Reporting and ACH payment processing will be useful tools for you. [More]

Loan Management System

Wed, 2022-01-05 10:49
From : Communities>>Open Forum
Good Morning We are in process of reviewing and changing our Loan Management System. Can you provide names of systems that your organizations are using. Specifically we are looking for a system that can manage loans such as SBA, Small Business, CRE and participations and provide reporting as necessary. Thank you Lynn M. Fernandez Chief Credit Officer O: 562.356.0532 Lendistry.com

Pages