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Information Systems Consultant - Recommendations?

Fri, 2021-03-26 15:22
From : Communities>>Open Forum
Colleagues, Bridgeway Capital is looking to engage a consulting agency to evaluate our information systems and advise us as we re-scope our systems and processes. Curious to know - have any of you worked with a consultant in this capacity that you'd recommend? I'm not necessarily asking for software vendor recommendations (though I'll take them!) in this question, but rather we'd love to hear about firms that can help us build a more integrated tech environment. Thanks in advance! ------------------------------ [More]

RE: Shopping for loan fund software?

Thu, 2021-03-25 15:57
From : Communities>>Open Forum
Hello Everyone, In response to Jason's post I just want to share a couple of things that can be useful in selecting a loan management system: A blog I wrote on this topic A list of functional considerations relevant to selecting a loan management system (see attachment - if it doesn't come through please let me know). I hope this is helpful. All the best, Lily ___________________________ Lily H. Leavitt Community Development Practice Lead, Craftsman Technology Group P: (857) 289-2472

Files Attached Document
Shopping for loan fund software? Attachments

RE: New Report on Solutions to Social Isolation

Thu, 2021-03-25 14:13
From : Communities>>Open Forum
Josh...I can't wait to read this report.  I know this is very real and have been garnering as much information/insight into this issue.  As a woman of color I have a vested interest in seeing it thwarted on every level!   Thank you for providing this report and the work you/your board do to help injustices all over the world.  I may want to connect w/the authors as suggested earlier.  I'll be back in touch if needed. Take care, jk ------------------------------ Jamie Keith Financial Business Coach [More]

California FarmLink is hiring!

Thu, 2021-03-25 09:47
From : Communities>>Open Forum
Join California FarmLink's lending team to support the prosperity of California farmers and ranchers, ensure equitable access to economic opportunity, and support environmental stewardship and vibrant local food systems. This position plays a key role in FarmLink's agricultural lending as a CDFI, providing underserved farmers and ranchers with access to capital and technical assistance. The Senior Loan Officer is a new position that will drive growth in FarmLink's small business and farmland ownership [More]

Files Attached Document
California FarmLink is hiring!

RE: New Report on Solutions to Social Isolation

Thu, 2021-03-25 09:27
From : Communities>>Open Forum
Josh -- We would like to be connected. We make car loans for precisely this purpose. Thanks in advance. Michelle -- Michelle Corson Founder+CEO 214.906.7067 (direct) ontheroadcompanies.com ** WE'VE MOVED ** Note our new address in Irving! 1500 North Loop 12 Irving, TX 75061

New Report on Solutions to Social Isolation

Wed, 2021-03-24 15:49
From : Communities>>Open Forum
CDFI Colleagues, Sharing a new report from Healthy Places by Design (where I'm a board member) commissioned by the Robert Wood Johnson Foundation exploring 5 recommendations for rooting out injustices that lead to social isolation-starting with housing, transportation & public spaces.  Link to report is here: Socially-Connected-Communities_Solutions-for-Social-Isolation.pdf (healthyplacesbydesign.org) It strikes me that CDFI's are uniquely positioned to help advance some of the solutions the report [More]

RE: TA

Tue, 2021-03-23 16:23
From : Communities>>Open Forum
@Jason Friedman ,  Thank you for the CNote shout-out.  In addition to what Jason said about the SBA program, as a former TA staff person, I can personally say that having TA support on staff reduces loan default risk. In terms of data, I would also recommend reaching out to Aspen Institute to see if they have some statistics on this topic. I would also try to connect with CDFIs that have business TA baked into their operations (WWBIC, Northern Initiatives, PCV to name a few).  Sincerely, Stacy [More]

Shopping for loan fund software?

Tue, 2021-03-23 13:45
From : Communities>>Open Forum
Dear Colleagues - tis the season for CDFI Fund TA applicants to research loan fund software to include in their application.  There are so many more options today than when I started out back in the Dark Ages in the '90s.   No matter what you land on, be a good consumer, and get under the hood with a demo.  To organize your thinking on this, check out the following: Key Areas for Review: Online application Other origination tools Target Customer  Expansion (add on modules) Underwriting [More]

Loan Officer Position, Florida Community Loan Fund, Orlando

Tue, 2021-03-23 11:05
From : Communities>>Open Forum
Florida Community Loan Fund is seeking an experienced Community Development Loan Officer to promote FCLF in the Central Florida area. Established in 1994, FCLF operates statewide from a network of offices in Orlando, Tampa, Melbourne, Sarasota, and Fort Lauderdale. FCLF's Strategic Plan emphasizes significant growth over the next 4 years and we are adding staff now to keep pace with this growth. For a full description and application instructions, visit this website page: FCLF Position Available: [More]

RE: TA

Mon, 2021-03-22 17:42
From : Communities>>Open Forum
Hi Sanjiv! - great question. Fortunately, there is a fair amount of documentation to support the notion that technical assistance to low-income, low-wealth, and other underserved borrowers serves both as a risk-mitigation strategy and to address the skill gaps of new business owners. Why CDFIs Often Create Better Lending Outcomes for Small Businesses by CNote. REPORT ON THE SBA MICROLOAN PROGRAM.   This report was prepared by Rapoza Associates on behalf of its SBA Microloan Program clients. Bottom [More]

Loan Management System for a small housing lender

Mon, 2021-03-22 16:49
From : Communities>>Open Forum
Dear Colleagues - what are the 'go to' loan fund management systems for small CDFI housing lenders?   Much appreciated. ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Member Monday

Mon, 2021-03-22 11:04
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of NH Community Loan Fund. Peter Searching Owl Giove, a Purple Heart Vietnam veteran, found himself without anywhere to live after a fire destroyed his home. He soon learned about about NH Community Loan Fund's Veteran First program and received a new energy efficient, affordable home last July. This grant has provided 10 formerly homeless veterans, like Peter, with 500 square foot home with extra energy saving features like LED lighting, [More]

TA

Mon, 2021-03-22 10:43
From : Communities>>Open Forum
Hi OFN family, Does anyone have data or know where I can obtain data on the benefits on having a Technical Assistance Provider on staff? More specifically ,I am looking for data on loan default risk . Thanks, Sanjiv Sanjiv Doreswamy, MPA Executive Director 6951 Martin Luther King Jr Way S Suite 225 Seattle, WA 98118-3545 D 206.722.5281 T 206.722.5280 F 206.722.1729 C 404-323-8836 http://www.rvcdf.org

The Fed's 2021 CDFI Survey

Mon, 2021-03-22 09:51
From : Communities>>Open Forum
CDFIs play a central role in ongoing work towards an equitable economic recovery as they help consumers, small businesses and communities access funding. There continues to be an urgent need for comprehensive, up-to-date data on CDFIs. The Federal Reserve 2021 CDFI Survey is part of a continued effort to provide this information. The Fed and the CDFI Fund intend to use the survey data to inform research and future policymaking. The survey data will also provide important benchmark information on [More]

RE: New York District FHLB - Your experience?

Fri, 2021-03-19 10:22
From : Communities>>Open Forum
Cliff, You may want to check out what FDIC and the Federal Reserve in Chicago have put together. Includes presentations by CDFI's as well. Know this is basic info for you, but thought there may be a few nuggets that would help you promote. Community Development Financial Institutions (CDFIs) share a common goal of expanding economic opportunity in low- and moderate-income communities by providing access to financial [More]

RE: CDFI FA Use

Fri, 2021-03-19 09:41
From : Communities>>Open Forum
Hi Noah - homebuyer education and counseling is an eligible use under Development Services, but only if your CDFI provides mortgage lending for homebuyers. Development Services need to be designed to prepare recipients for your Financial Products. Also note that there is a distinction in the PG&Ms between how you use the FA funds and your deployment goals. Depending on how you frame your application, you may have deployment goals in a New Product category, or an overall increase in deployment. You [More]

RE: Loan Programs Property Owners

Fri, 2021-03-19 09:25
From : Communities>>Open Forum
Impact Loan Fund operates a modest program on behalf of the City of Philadelphia Link here -- happy to discuss experience privately as well https://www.impactservices. org/loan-fund/rental- improvement-fund/ pmarcus@impactservices.org ------------------------------ Paul Marcus Director Impact Loan Fund Philadelphia, PA 267-209-0450 pmarcus@impactservices.org ------------------------------

Colorado Enterprise Fund is hiring!

Thu, 2021-03-18 17:52
From : Communities>>Open Forum
Colorado Enterprise Fund has two positions we're currently recruiting for:  Loan Closing Manager This person will manage our Pre-Underwriting and Closing team, serving as a liaison between lending, processing and servicing. 5 years experience processing and closing SBA loans is a necessary requirement for this role. Find the full job description here: https://www.indeed.com/job/loan-closing-manager-1d4c1157cbaa9bb5 Impact Analyst This person will track and analyze data in our CRM system to help us [More]

RE: Loan Programs Property Owners

Thu, 2021-03-18 15:24
From : Communities>>Open Forum
Amy, Thanks for sharing your time and information with me. Anita ------------------------------ Anita Smith-Dixon Executive Director Community Housing Services Agency, Inc. (CHSA) Savannah GA 912.651.2169 ------------------------------

RE: New York District FHLB - Your experience?

Thu, 2021-03-18 13:42
From : Communities>>Open Forum
Hello Cliff, I am delighted that you will be speaking to the NYFHLB about CDFIs. I have been asking them to put a session about CDFIs on their agenda for a while. My CDFI, The Community Development Trust, http://www.CDT.biz , has been a member since 2013.  We have been able to use their advances against 1st mortgage collateral on LIHTC properties and are most appreciative of their rates.  We would, of course, like less of a haircut and longer terms.   There are several other CDFI members of the NYFHLB, [More]

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