CDFI Connect Community Discussions

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Updated: 30 min 35 sec ago

transit access, location efficiency when lending for aff housing?

Wed, 2018-12-12 17:47
From : Communities>>Open Forum
Hi! I'm looking for any CDFIs that actively use some measure of transit access or location efficiency (such as CNT's  Location Affordability Index ) when making loans for affordable housing development, and any stories of anyone who has encouraged borrowers to rethink a location to be closer to transit (especially a bus line, as rail is more commonly thought of). Connections to developers who are already actively using such measures welcome as well. (Less people who are looking at a new transit and [More]

E-Signature Capability on Fillable, Online Loan Applications

Wed, 2018-12-12 09:30
From : Communities>>Open Forum
​​We have requests from potential applicants to create fillable, online loan applications that allow applicants to sign electronically.  Have any other CDFI's been successful setting up an e-signature feature?  If so, what programs/software do you recommend?  Are they expensive to purchase?  Are they secure and easy to use? ------------------------------ Bethany Richards Loan Officer & Compliance Manager Coastal Enterprises, Inc. (CEI) Maine ------------------------------

Survey on how CDFI microlenders report on their clients' income levels

Tue, 2018-12-11 18:30
From : Communities>>Open Forum
Opportunity Fund is conducting a very quick survey to see how CDFI microlenders are reporting on their clients' income levels.  This will take less than 5 minutes, so please help us out.  We will share the results with the field when it is complete. Link to the survey is here:   https://www.surveymonkey.com/r/B7GCT35 Thanks! ------------------------------ Eric Weaver Founder Opportunity Fund San Jose CA 408-297-0204 ------------------------------

Join Our Team! Now Accepting Applications for PT Admin Assistant

Mon, 2018-12-10 10:57
From : Communities>>Open Forum
CDFI Colleagues, Exciting news - we are growing! The Feighan Team  (TFT, Inc.) is now accepting applications for a part-time Administrative Assistant, based in Washington, D.C. The position is ideal for a current college senior or recent graduate interested in gaining experience at the intersection of policy and community development. A minimum six-month commitment is required; competitive candidates will demonstrate an interest in growing with our firm.  About Us: The Feighan Team is  a woman-owned [More]

RE: Opportunity Zones and CDFIs

Fri, 2018-12-07 14:13
From : Communities>>Open Forum
Hey there Jason, in our work with cities in the 100 Resilient Cities network and beyond, and especially with the Resilient Community Development Finance Campaign (#ResCDFCampaign) we are looking at how OZs reinforce projects in cities, combined with the overlays from a variety of investors including CDFIs, impact investors, etc. I would be interested in the summary report and recommendations. We hope to create a "resilience finance" connect groups shortly, so can pick up conversation there for more [More]

RE: Unique Loan Servicing Features

Fri, 2018-12-07 14:05
From : Communities>>Open Forum
​Good morning: Oftentimes clients have a fear of communicating when a loan payment will be missed or that they are experiencing a financial disruption and email/text/a pre-designed message may be helpful for clients to alert the CDFI that a assistance is needed to navigate an expected financial disruption.  Creating a comfortable, easy way to initiate a request for financial coaching.   I Well done! ------------------------------ Cindy Mittlestadt Bristol Bay Development Fund (907) 265-7865 ---- [More]

Investor/investment screens?

Fri, 2018-12-07 09:11
From : Communities>>Open Forum
What processes/procedures to other folks use to determine whether or not to accept a capital investment (or, I suppose, for the sake of argument, a grant or gift)? Specifically I'm wondering if anyone employs screens, positive or negative, to ensure that the entities we're accepting money from match our mission and values in their business and practices. Thanks. ------------------------------ Jake Ide Director of Investment & Philanthropy Vermont Community Loan Fund 802-223-4423 jake@vclf.org -- [More]

RE: Unique Loan Servicing Features

Thu, 2018-12-06 13:20
From : Communities>>Open Forum
Amy, Great post, and great way to approach this project.  Kudos.  You may want to throw text alerts into the mix - our customers love that feature.  So instead of clients getting a text from CVS saying "Your prescription is ready", it will instead be from their CDFI saying "Your payment is due on Friday" or "Thank you for your payment" or "You missed your payment"... things like that.  Pretty cool.  These little nudges can definitely help the borrowers stay on track. PS Our system does the the other [More]

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RE: Unique Loan Servicing Features

RE: Salesforce as a CRM and Lending Pipeline tool

Wed, 2018-12-05 16:00
From : Communities>>Open Forum
We use nCino, which is the Salesforce based bank operating system. I stumbled into the admin role. I am happy to help. My email is melissaj@ccdfi.com if you want to chat. ------------------------------ Melissa Johnson Director of Portfolio Management Clearinghouse CDFI Lake Forest CA 949-859-3600 ------------------------------

RE: Financial statement spreading software

Wed, 2018-12-05 15:11
From : Communities>>Open Forum
Thanks everyone for the feedback!  We will follow up on these leads. ------------------------------ Ross Culverwell Chief Lending Officer Northern California Community Loan Fund San Francisco CA 415-392-8215 ------------------------------

RE: Salesforce as a CRM and Lending Pipeline tool

Wed, 2018-12-05 10:26
From : Communities>>Open Forum
Hi Jennie: We've been using Salesforce since 2010 for our CRM and pipeline management. After being the accidental admin for a few years, I just got my admin certification this past September. I find there are a number of items above my abilities, so we use a third party contractor for coding and more complex projects. I'm happy to connect to chat about our experience. Thanks Paul ------------------------------ Paul Hoffmann SVP Communications & Strategy Pathway Lending Nashville TN 615.425.7171 [More]

Massachusetts Community & Banking Council Women in Small Business

Wed, 2018-12-05 09:00
From : Communities>>Open Forum
Tomorrow from 9:30-11:30 the Massachusetts Community & Banking Council (MCBC) is hosting a discussion on women in small business. MCBC will invite meeting participants to share experiences and resources to support women in small business. Topics include: Santander's inaugural class of Cultivate Small Business - how it recruited and retained 70% female entrepreneurs; Eastern Bank's 2018 targeted grants of advancing women and other efforts to support women in small business. We'll also hear how [More]

Unique Loan Servicing Features

Wed, 2018-12-05 05:29
From : Communities>>Open Forum
Hello everyone,  I'm working with a CDFI that is just beginning the process of mapping the best-case-scenario "bells and whistles" they'd like to see included in a new loan servicing platform. I'm curious what special features you either wish your servicing platform had, or what capabilities you  do have that you've found helpful in collecting on delinquent loans. I'm thinking of things like... The ability to put loan payments on "pause" for a pre-determined amount of time, or to accelerate or [More]

Opportunity Zones and CDFIs

Tue, 2018-12-04 16:20
From : Communities>>Open Forum
Greetings - we are wrapping up our research on Opportunity Funds and the role of CDFIs. If you are part of the equation in launching an Opportunity Fund, we will profile you in our report. Thanks. ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Continuing Education Coursework

Tue, 2018-12-04 13:20
From : Communities>>Open Forum
Welcome @Cyndi Barber ! While I have not taken any classes yet, I have been interested in those offered at  https://www.rmahq.org/courses-and-training/     You can refine your seach by location, etc...Perhaps they might offer something that would fit the bill. ​ ------------------------------ Caprice Pratt Commercial Loan Officer / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: Phishing Scam Alert

Tue, 2018-12-04 13:00
From : Communities>>Open Forum
Holy cow! Thanks for the heads-up!  It seems the scams are continuously getting more sophisticated....it's a scary world.  Do you have a resource or suggestions on what could / should be done, beyond the standard internet security software and firewalls?  If not, it might be a good discussion to start....Sadly, I don't think these issues (hacking, phishing, scamming, etc.) will be going away anytime soon. ------------------------------ Caprice Pratt Commercial Loan Officer / Underwriter Spruce Root, [More]

RE: Large Loan Fund

Tue, 2018-12-04 12:17
From : Communities>>Open Forum
Welcome and congratulations @Greg Lambert !  I am new (2016) to the CDFI community myself and am not familiar with the "Large Loan Fund."  I did try to do some digging for you, but to no avail.  That said, however, you have posed your question in the right forum....the expertise is here.  @Jason Friedman can you shed any light? Again, welcome to the CDFI Connect Community! ------------------------------ Caprice Pratt Commercial Loan Officer / Underwriter Spruce Root, Inc., Southeast Alaska ----- [More]

New Book: Facing Segregation: Housing Policy Solutions for a Stronger Society

Tue, 2018-12-04 12:16
From : Communities>>Open Forum
Dear Colleagues: I am pleased to announce that NCRC was able to participate in an exciting new book regarding policy prescriptions for combating segregation. In chapter 7, we look at how CRA can be used to promote integration. Book was just released yesterday. Happy reading. Look below for more information. Best, Josh Silver Senior Advisor NCRC Facing Segregation Housing Policy Solutions for a Stronger Society Edited by Molly W. Metzger and Henry S. Webber Evidence for the negative effects [More]

RE: Phishing Scam Alert

Tue, 2018-12-04 12:03
From : Communities>>Open Forum
Holy cow! Thanks for the heads-up!  It seems the scams are continuously getting more sophisticated....it's a scary world.  Do you have a resource or suggestions on what could / should be done, beyond the standard internet security software and firewalls?  If not, it might be a good discussion to start....Sadly, I don't think these issues (hacking, phishing, scamming, etc.) will be going away anytime soon. ------------------------------ Caprice Pratt Commercial Loan Officer / Underwriter Spruce Root, [More]

Tip Tuesday: Adding a Profile Picture

Tue, 2018-12-04 10:32
From : Communities>>Open Forum
Hello CDFI Connect Members! Welcome to our first Tip Tuesday. Each Tuesday, I will be posting a CDFI Connect community tip to provide insight on how you can better navigate and leverage this valuable professional resource. Reply to these threads at any time with any follow up questions or for additional assistance. Updating Your Profile Photo An important feature of CDFI Connect is the ability to connect with industry professionals like yourself. These connections are more likely to happen if there [More]

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