CDFI Connect Community Discussions

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Updated: 33 min 27 sec ago

Community Reinvestment Fund, USA (CRF) Hiring for two new roles on the Connect2Capital team

Mon, 2021-08-23 10:46
From : Communities>>Open Forum
Hi CDFI friends - the CRF team is hiring for two new roles on our Connect2Capital platform. Please share with your networks and let us know if you have any referrals. Much appreciated! Now Hiring: Small Business CX Manager - Connect2Capital Platform CRF USA remove preview Now Hiring: Small Business CX Manager - Connect2Capital Platform The Small Business Customer Experience Manager for the Connect2Capital Program is responsible for ensuring that all small business owners interacting [More]

RE: Member Monday

Mon, 2021-08-23 10:28
From : Communities>>Open Forum
In this week's Member Monday, we will take a look at Utah Micro Loan Fund. Their mission is to empower underserved communities throughout Utah by providing business training and funding to entrepreneurs in start-up & existing businesses. As so many CDFIs, UMF saw outstanding growth during 2020, lending over $1.02M to 36 new recipients and 10 emergency loans. Small businesses from Great Basin Coffee, Julieann Caramels and Park City Creamery were able to keep their doors open with the help of Utah [More]

Recommendations for accounting software for our lending and real estate development operations?

Sun, 2021-08-22 10:10
From : Communities>>Open Forum
We are asking for advice and recommendations on acquiring new accounting software.  We are a growing CDFI that currently originates about 30 subordinate home purchase loans and an occasional first mortgage to lower income homebuyers in and around Santa Fe, New Mexico. Most loans are amortizing, but we do make a few soft seconds that are fully repayable using CDBG funds and other sources.  Through LLCs and joint ventures we build affordable homes and rental apartments. The effective prices of the [More]

RE: Software for taking payments over the phone/online

Fri, 2021-08-20 19:03
From : Communities>>Open Forum
Hi Shane, Our loan servicing software The Mortgage Office has a very easy to use client portal for your borrowers, where they can see their account, make a payment online (or over the phone), and also print / download their statements /1098 forms.  The system is also CDFI compliant.  I'll have an account in your area reach out on Monday.  Thank you. ------------------------------ A.J. Poulin Applied Business Software 800.833.3343 [More]

Punch to my gut on a hot Friday in August..

Fri, 2021-08-20 17:39
From : Communities>>Open Forum
Dear Colleagues -  I just got off the phone with a woman who is volunteering for a nonprofit organization focused on empowering Black women entrepreneurs. She is white and works for a local bank. The goal of the organization is to become a CDFI, and she was inquiring about the process for obtaining certification. I walked her though the process, and she shared with me the background of the founder, and the accomplishments of the organization. In fact, I have no doubt they will obtain certification [More]

Recommendation for End-to-End Lending Platform

Fri, 2021-08-20 11:10
From : Communities>>Open Forum
Hello, We are looking to upgrade our loan management systems, and would appreciate any recommendations. Here is what we are looking for: Must-Have's: Ability to manage many different loan products / customizable - lines of credit, revolving loans, mortgages, etc. Loan origination and servicing all in one (i.e. pre-populated legal docs for e-signature, scheduled communications for servicing, etc.) Easy to make loan modifications  Robust reporting / great export functionality / customization [More]

RE: Software for taking payments over the phone/online

Thu, 2021-08-19 11:14
From : Communities>>Open Forum
HI Shane, DownHome Loan Manager has an Online Client Portal and Online Payment module that allows borrowers to make direct payments. I'll follow with a call. Regards, Erik Wogstad President, DownHome Solutions 206.634.0884 ------------------------------ Erik Wogstad President DownHome Solutions Seattle WA (206) 634-0884 ------------------------------

Software for taking payments over the phone/online

Wed, 2021-08-18 13:04
From : Communities>>Open Forum
I work for a small CDFI that is looking to upgrade our capabilities to take loan payments over the phone and online. Can anyone recommend a good provider of that service? Thanks, Shane ------------------------------ Shane Simmons Director of Community Economic Development People, Inc. Financial Services Abingdon VA 276.619.2243 ------------------------------

Investment Notes Survey

Wed, 2021-08-18 12:49
From : Communities>>Open Forum
CEI is gathering information about community investment notes, or "notes," to share with CDFI peers and colleagues. If you have an investment note product at your CDFI, please fill out this survey! Thank you! Liz ------------------------------ Elizabeth Rogers Chief Communications Officer Coastal Enterprises, Inc. (CEI) Brunswick ME (207) 882-7552 ------------------------------

RE: Receipt of RRP Funds

Tue, 2021-08-17 15:46
From : Communities>>Open Forum
FYI, we got notice our Assistance Agreement had been countersigned last week (8/11/21) and received the funds in our bank account today (8/17/21.) I'm really impressed with the volume of work the CDFI Fund staff is managing right now. ------------------------------ Kate Barr President Propel Nonprofits Minneapolis MN 612.249-6696 ------------------------------

RE: Technical Assistance and Training Coordination Job Description

Tue, 2021-08-17 09:35
From : Communities>>Open Forum
Bethany: Is the Southeast Region being considered? The Atlanta Metropolitan Area (as a start) could  and would benefit! Let's chat! Anthony Mitchell 404-285-0286 ------------------------------ Anthony Mitchell Founder/CEO Georgia Sustainable Community Ventures Atlanta GA 4042850286 ------------------------------

Technical Assistance and Training Coordination Job Description

Mon, 2021-08-16 15:23
From : Communities>>Open Forum
Hello All: My regional organization is looking to create a senior management position that will oversee technical assistance and training delivery across a 5-state footprint, including quality control, implementing innovations in service delivery, and outcomes measurement and management. Anyone have a similar job description they'd be willing to share as we think about structuring this position?  We would be focused on TA to small businesses, but similar positions relating to housing development [More]

RE: Financial Empowerment for People with Disabilities

Mon, 2021-08-16 13:24
From : Communities>>Open Forum
There's still time to register for this event on Thursday, August 19th at 1pm ET. The National Disability Finance Coalition (NDFC) invites you to a special peer learning event focused on financial education for people with disabilities. Susan Tachau, NDFC Board Vice Chair and CEO of Pennsylvania Assistive Technology Foundation, will discuss, a website that promotes financial empowerment for people with disabilities. The event will be held via Zoom on August 19th, 2021 from 1:00 pm-2:00 [More]

INVITATION Learn about myfinalytics: financial management tools for small businesses

Wed, 2021-08-11 10:46
From : Communities>>Open Forum
Members of the CDFI Connect Community are invited to learn about myfinalytics, our online platform providing best-in-class financial management tools for small business owners.  Myfinalytics is a valuable resource to enhance your small business technical assistance.  Use myfinalytics to help your clients understand their financial situation and make the right decisions. This webinar will introduce myfinalytics, how it works, and how you can incorporate it into your technical assistance program.  [More]

RE: Salesforce CDFI User Group?

Wed, 2021-08-11 09:44
From : Communities>>Open Forum
OPTIONS DROPDOWN Hi Kelly, Thanks for continuing to promote collaboration among CDFIs re: Salesforce. Back in May, Elizabeth Specht from OFN posted that they were exploring the possibility of creating a member-only Salesforce community user group. I'm definitely interested in participating.  ------------------------------ Maryann Sorese Communications & Compliance Officer Leviticus Fund Tarrytown NY 914.909.4381 ------------------------------

RE: Software for processing CDFI loan documents

Tue, 2021-08-10 13:17
From : Communities>>Open Forum
We have been VERY happy with Downhome and a colleague just shared that they are launching a loan documentation module soon!  Pretty exciting. Another plug for Downhome? Their pricing is completely transparent (see Downhome Loan Manager Pricing ) and their customer service has been great! ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

Last call: Please complete our CDFI Survey

Tue, 2021-08-10 10:24
From : Communities>>Open Forum
Hi all: FUND Community Institute is conducting a research project on community development strategies. We welcome all CDFIs to participate in our survey at the link below. Please feel free to reach out with any questions and thanks in advance for your participation. Ruth Barber FUND Community Institute

RE: Salesforce CDFI User Group?

Tue, 2021-08-10 10:10
From : Communities>>Open Forum
Good afternoon Melissa, Thank you for your interest in the SalesForce Community! We are currently collecting content and resources for our members and will launch in the fall! If your organization would like to provide any resources please feel free to email! ------------------------------ Elizabeth Specht Membership Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

RE: Salesforce CDFI User Group?

Tue, 2021-08-10 10:04
From : Communities>>Open Forum
Hello, I am wondering if someone can share the CDFI Connect Salesforce Community group information. I would be very interested in joining. Thank you! ------------------------------ Melissa Badeker Loan and Marketing Associate Baltimore Community Lending Baltimore MD 410.319.0732 ------------------------------