CDFI Connect Community Discussions

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Updated: 2 min 31 sec ago

City of Asheville NC is looking for a partner to help disburse local housing trust funds

Fri, 2021-01-22 14:17
From : Communities>>Open Forum
Hi,  I just explained how CDFIs could help cities bring more affordable housing to their area to someone at city of asheville.  Is anyone working there and would like an intro? ------------------------------ Julie Mahowald Chief Financial Officer Housing Trust Silicon Valley San Jose CA (408) 436-3450 ------------------------------

RE: Managing Escrow with TEA (The Exceptional Assistant)

Fri, 2021-01-22 11:59
From : Communities>>Open Forum
Hi Steve, Many (possibly most) loan servicing systems don't handle this. The Mortgage Office does, and is RESPA compliant.  Escrow Administration Software   ------------------------------ A.J. Poulin Applied Business Software www.themortgageoffice.com aj@absnetwork.com 800.833.3343 x 118 Long Beach, CA ------------------------------

RE: Managing Escrow with TEA (The Exceptional Assistant)

Thu, 2021-01-21 17:55
From : Communities>>Open Forum
If you are set on TEA, I can't advise.  We switched form TEA to the Nortridge system some years ago.  Nortridge has an escrow module we use.  While our business is primarily commercial loans, we also have a small portfolio of consumer loans that need that escrow analysis.  We have found the escrow module useful on our commercial accounts for the replacement reserves or interest reserves, etc.  While they don't need that extra level of analysis, we still benefit from having that set aside area to [More]

Managing Escrow with TEA (The Exceptional Assistant)

Thu, 2021-01-21 15:33
From : Communities>>Open Forum
Hi, We're shopping for a new loan servicing system and TEA is one of the systems we're looking at most closely.  We manage escrow for a number of our customers, including for some consumer mortgages, and we understand that TEA does not support the the annual in-depth escrow analysis, escrow adjustments and sandard escrow analysis correspondence that is part of our standard management process.  I'm curious to know if anyone has figured out how to manage escrow using TEA to service their portfolio-- [More]

CDFI Loan Funds Trends Report (9/30/2020)

Wed, 2021-01-20 11:35
From : Communities>>Open Forum
Aeris has published our latest CDFI loan funds trends report, which is available now on our website . In 2020, we began to report on key CDFI performance trends to help the field understand the effects of the COVID-related economic crisis on CDFIs and their activities. The report draws upon the quarterly performance data Aeris collects on approximately 140 CDFI loan funds. Please visit our website to read the CDFI loan funds trends report for September 30, 2020: https://www.aerisinsight.com/2021/01/20/how-are-cdfis-faring-as-the-covid-crisis-deepens/ [More]

RE: Honoring MLK Day

Tue, 2021-01-19 09:26
From : Communities>>Open Forum
This was a wonderful thread to remind us Dr. Kings legacy. I am most impacted, even the day after, of his empassioned plea for the Beloved Community. May your service "the day after" and the weeks, months and years to come embrace the beloved community and the twin efforts of social and economic justice. Great regards, Hilda J. Kennedy AmPac Business Capital the dba of AmPac Tri-State CDC, Inc. AMPAC HAS A NEW HOME; PLEASE UPDATE YOUR RECORDS 3110 B Inland Empire Blvd. Ontario, CA 91764 909-915-1706 [More]

RE: Honoring MLK Day

Mon, 2021-01-18 10:09
From : Communities>>Open Forum
Thank you so much, Cathi. I appreciate the helpful links to support my focus today. May Mrs. King's challenge to us find some space in our busy lives today. B. Barbara Eckblad barbara@theeckbladgroup.com 262.707.6313

RE: TLR Reports Non-Compliant but Submitted

Fri, 2021-01-15 18:36
From : Communities>>Open Forum
Hi Robert, If you haven't already done so, your first step would be to respond via a service request citing what you just reported. Good luck! ------------------------------ Dennis Oshiro Executive Director HHOC Mortgage Honolulu HI ------------------------------

Honoring MLK Day

Fri, 2021-01-15 18:19
From : Communities>>Open Forum
Dr. King's legacy and our collective understanding of his work, impact, and who we are as a country have shifted over time. How do we understand and honor Dr. King's legacy, especially in light of where we are today? "The holiday must be substantive as well as symbolic. It must be more than a day of celebration . . . Let this holiday be a day of reflection, a day of teaching nonviolent philosophy and strategy, a day of getting involved in nonviolent action for social and economic progress." Coretta [More]

Join our study on racial and gender equity in lending and promote CDFIs

Fri, 2021-01-15 17:56
From : Communities>>Open Forum
Fellow CDFI friends, For the last year+, our team has been working on a research and data initiative in partnership with CNote to promote the work CDFIs are doing to advance racial and gender equity. We want to build a strong evidence base and use data to fight back agains t unfair perceptions of risk in lending to women and people of color. So far we've produced some meaningful results (written up here and here ), but more work remains.  Now we're looking for new partners (and more data) [More]

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Join our study on racial and gender equity in lending and promote CDFIs

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