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Updated: 38 min 17 sec ago

Women and Impact Investing - from Communities to Companies

Tue, 2021-04-20 09:39
From : Communities>>Open Forum
Welcome to GreenMoney's April 2021 issue on "Women and Impact Investing - from Communities to Companies." According to a McKinsey & Co survey, women will control $30 trillion in financial assets by 2030. With that transformative information in mind, this issue features six female leaders, who write from their unique financial perspective – Theresa Gusman of First Affirmative; Malaika Maphalala of Natural Investments; Catherine Berman of CNote; Vicki Benjamin of Karner Blue Capital; as well as Claire [More]

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Women and Impact Investing - from Communities to Companies

SBA Funding Opportunity

Mon, 2021-04-19 20:45
From : Communities>>Open Forum
Dear Colleagues - today SBA released the NOFA for the Program for Investments in Microentrepreneurs (PRIME). The purpose of this Funding Opportunity is to invite proposals for funding from private, non- profit microenterprise development organizations; microenterprise development programs run by State/Local/Tribal Governments; or Indian tribes interested in providing assistance and guidance to disadvantaged microentrepreneurs and/or microenterprise development organizations for the purposes stated [More]

RE: Seeking Videos-National Public Television Series

Mon, 2021-04-19 12:52
From : Communities>>Open Forum
Thank you to everyone that submitted videos. The response was great. @Jenn George Hunter will be reaching out for MP4s for those we will use. When the new production reel is complete and reflects loan funds as a thriving force in the CDFI  sector, we will share the new video.​ ------------------------------ Jamie (Chase) Strayer Executive Producer Opportunity Knock j.strayer@theopportunityknocks.com www.theopportunityknocks.com ------------------------------

RE: Member Monday

Mon, 2021-04-19 10:32
From : Communities>>Open Forum
In this week's Member Monday we would like to highlight the work of Just Community Capital.   Just Community Capital works to close the racial wealth gap by investing in ambitious Texas women excluded from economic opportunity.   Their higher purpose is to help people live with less stress and more joy. JUST has reimagined traditional microcredit from the developing world to be more human-centered in an effort to be more transformational. With loans ranging from $750-$10,000 and based on tenure [More]

RE: Salesforce Lending Platform

Mon, 2021-04-19 10:28
From : Communities>>Open Forum
Hi Myra: We've been using Salesforce and TEA for over a decade, we launched Sageworks for loan application/portfolio management a little over a year ago. Last year we started down the path of connecting all our systems. I'm happy to discuss our experience to date - feel free to email me at paul.hoffmann@pathwaylending.org. Paul ------------------------------ Paul Hoffmann SVP Policy & Impacts Pathway Lending Nashville TN (615) 425-7171 ------------------------------

RE: Loan Management System for a small housing lender

Mon, 2021-04-19 09:39
From : Communities>>Open Forum
Hello CDFI Connect community.  We've been evaluating many of the most popular software offerings for Loan Servicing the past few months.  We like TEA but are concerned about lack of escrow functionality at this time (we're principally a housing rehab lender).  We like certain aspects of DownHome but wonder if it is sufficiently sophisticated to meet our needs and those of our clients.  Any feedback folks in the community might be able to provide about your experiences with DownHome, included brief [More]

RE: Salesforce Lending Platform

Fri, 2021-04-16 10:32
From : Communities>>Open Forum
Hi Myra, IvyTek is an End-to-end Loan management system built natively on salesforce platform.  We have several customers on salesforce that have built their own origination through funding processes in house on salesforce prior to being a customer.  Our team can leverage the work you have already done, and service your loans from the point of funding in our application ( IvyTek Finance Product Info ).  If you are not currently working with as salesforce consulting partner and would like to have [More]

RE: Salesforce Lending Platform

Fri, 2021-04-16 09:52
From : Communities>>Open Forum
Hey Myra! We work with lenders in 22+ states, and several of them are utilizing Salesforce . Salesforce can be great for reporting and internal efficiency, part of a core backend solution stack, but isn't really made for client facing project management. In addition to applications, there are many pre/post application projects to manage with clients involving education and reporting on financial covenants etc. Lenderfit is a client facing project management tool that can be used alongside Salesforce [More]

Seeking Videos-National Public Television Series

Thu, 2021-04-15 21:18
From : Communities>>Open Forum
Hi CDFI friends, I'm excited to share the news that there is a new television series about financial transformation through CDFIs which will be broadcast in Jan 2022 on national public television. OFN Connect member Jennifer Hunter and I have teamed up with the Emmy Award-winning producer of Bill Nye the Science Guy, BizKid$, and MasterChef USA, Jamie Hammond.  We begin production next month. Our production reel is heavily focused on credit unions currently, naturally given my history with CU Strategic [More]

Advancing Communities Podcast: When Investors Seek Windfall Returns from Affordable Housing, Underserved Communities Pay the Price

Thu, 2021-04-15 16:59
From : Communities>>Open Forum
When investors seek windfall returns from affordable housing, underserved communities pay the price –   The Stockholm Manor Story and Its Implications for Affordable Housing Nationwide  The Low-Income Housing Tax Credit (LIHTC) Program has been a significant source of new multifamily housing for more than 20 years, providing more than 2.2 million units of affordable rental housing. As LIHTC investments mature, however, the affordable housing industry is becoming alarmed at growing efforts by private [More]

Cinnaire & CDFI Friendly America Launch CDFIs 101: Impact Jobs Series to Educate Socially Conscious Young Professionals on Careers in the CDFI Industry

Thu, 2021-04-15 16:54
From : Communities>>Open Forum
COVID-19 and the racial inequities brought to light in the past year have underscored the value that CDFIs bring to communities. Cinnaire and CDFI Friendly America have joined forces to launch CDFIs 101: Impact Jobs, a four part virtual learning series beginning May 5 th , 2021. The program is designed to educate young professionals on the range of high-impact career opportunities available in the CDFI industry and bring them together with industry experts in the CDFI business of doing well by doing [More]

RE: Salesforce Lending Platform

Thu, 2021-04-15 12:02
From : Communities>>Open Forum
Jason.Zalewski@InvestDetroit.com ------------------------------ Jason Zalewski Invest Detroit Detroit MI (313) 259-6368 ------------------------------

RE: Salesforce Lending Platform

Thu, 2021-04-15 12:00
From : Communities>>Open Forum
Hi - We use TEA as our loan accounting platform and Salesforce as our CRM platform since roughly 2019.  Happy to answer and specific questions you may have or feel free to email me as well! ------------------------------ Jason Zalewski Invest Detroit Detroit MI (313) 259-6368 ------------------------------

RE: Salesforce Lending Platform

Thu, 2021-04-15 10:50
From : Communities>>Open Forum
Hi Myra We are in an almost identical situation. I would love to hear about the experiences others have had. Kim Jacobs President/CEO Community Capital New York 44 Executive Boulevard, Suite 203 Elmsford, NY 10523 Phone: (914) 747 8020 extension 112 Fax: (914) 747 2049 kjacobs@communitycapitalny.org www.communitycapitalny.org

RE: Auto Lending

Thu, 2021-04-15 09:33
From : Communities>>Open Forum
Gary and anyone else similarly interested, you should connect with @Michelle Corson with On The Road Sustainability Funds.  They are doing some great work in this space.​​​ ------------------------------ Gasper Magallanes Director of Due Diligence CNote gasper@mycnote.com ------------------------------

RE: Auto Lending

Thu, 2021-04-15 09:15
From : Communities>>Open Forum
Good Morning Gary, Rob Aitken at Leech Lake Financial Services would be a good person to talk with about this. robert.aitken@llfinancial.org ------------------------------ Michael Brydge Sweet Grass Consulting Fort Collins CO 540-448-1826 ------------------------------

Housing VP of Lending Opportunity!

Wed, 2021-04-14 22:02
From : Communities>>Open Forum
Habitat for Humanity of Minnesota, a CDFI and State Support Organization for Habitat affiliates in MN is seeking a Vice President of Lending and Finance to advance our lending and grant programs.  Our team is working remotely at this time, and this will continue to be an option going forward. I welcome the opportunity to talk with interested candidates (Cristen@hfhmn.org). We offer an excellent and comprehensive benefits package that includes medical and dental benefits, retirement plans, FSA, and [More]

Salesforce Lending Platform

Wed, 2021-04-14 09:57
From : Communities>>Open Forum
Hi! We are in the somewhat early stages of building and using salesforce for loan originations (pre-closing / funding). We currently rely upon TEA for loan servicing. We are also thinking about building it to meet the needs of the servicing side of small business lending management which will require TEA to "speak" to Salesforce. I am curious to learn what other organizations that have or are using Salesforce have experienced - both good and bad. I appreciate it! ------------------------------ Myra [More]

Auto Lending

Wed, 2021-04-14 09:30
From : Communities>>Open Forum
Hello, We are a CDIF doing consumer lending in the state of Kentucky and would like to develop a Auto Lending product. Curious to see what others are doing in this area and use their experience to help guide us. We want to help out community with lower cost loan for purchase or refinance. Some of the factors we are looking at are the age/value of the security, rates charged based on credit scores, and terms of loans. GARY BREWER Loan Officer (606)436-0497 https://redbudfinancialaltern [More]

Planning & Designing Mentor Program

Tue, 2021-04-13 11:04
From : Communities>>Open Forum
Hi everyone, We are in the research stage for creating our mentor program here in Great Falls MT.  I would like to learn as much as possible from others with a mentor program.  Below are questions that we feel we need more information on, but it is not an exhaustive list.  We would like to first ensure that these are the right questions to ask for information.  We would also like to learn more about "what would you do differently with what you know now" in conjunction to the questions below.   How [More]

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