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Updated: 21 min 49 sec ago

Selecting a Lending Platform: Five Key Considerations

Fri, 2019-01-25 13:44
From : Communities>>Open Forum
Hi Everyone, FYI here's a blog we posted regarding  five key considerations when selecting a lending platform for CDFIs : system flexibility, usability to meet staff expectations, program and philanthropic compatibility, total cost of ownership and analytics.  Hope it's helpful! Cheers, Lily ------------------------------ Lily Leavitt Community Development Practice Lead Craftsman Technology Group Boston MA 857 289-2472 ------------------------------

Portfolio Management Training

Fri, 2019-01-25 12:12
From : Communities>>Open Forum
I am looking for recommendations for Portfolio Management training opportunities. Have you found any offerings that are designed for CDFI organizations-or that translate well to your work at a CDFI organization? Thank you! ------------------------------ Jennie Motto Mesterharm Director, Risk & Loan Operations ACCION Chicago Chicago IL (312) 275-3000 ------------------------------

RE: Recommendations for Salesforce consultants

Fri, 2019-01-25 12:10
From : Communities>>Open Forum
Thanks Paul for the suggestion. I'll check out the NYC user group. From your experience, how important is prior experience working with a CDFI in the selection of the consultant? I'm thinking it would be significant in light of the balance between investments (money in) and lending. Thanks, Maryann

RE: Recommendations for Salesforce consultants

Fri, 2019-01-25 11:47
From : Communities>>Open Forum
Maryann - it looks like you're not too far from NYC. I'd recommend checking out the NYC Salesforce user group/developer group - either in the salesforce Trailblazer Community or through events in MeetUp/Eventbrite. There are bound to be local experts you can check out. We use a local consultant in Nashville (Virsys12) and I've found having someone nearby a benefit.l for our more complex project work. Paul Hoffmann Pathway Lending ------------------------------ Paul Hoffmann Director of Policy and [More]

Car liens

Fri, 2019-01-25 10:45
From : Communities>>Open Forum
Hello,  My organization is in the process of developing a procedure for placing liens on car.  As a small business lender in New York City we currently place UCC filings on business assets but would like to expand this to vehicles for our growing number of car service/taxi loans.  Does anyone have a policy in place for car liens and/or tips or suggestions on how to go about this?  I know the procedure will vary by state but any input is helpful.  Much Appreciated, Jessica ------------------------------ [More]

Recommendations for Salesforce consultants

Thu, 2019-01-24 13:51
From : Communities>>Open Forum
My organization is looking for recommendations on experienced Salesforce consultants that other CDFIs have worked with. Given our staff size, we anticipate a multi phase implementation, starting out with relationship management and eventually moving to loan and investment tracking, project management and fundraising. If you have recommendations, please share here or via phone/email.  Many thanks, ------------------------------ Maryann Sorese Communications & Compliance Officer Leviticus Fund Tarrytown [More]

RE: Share how your CDFI is responding to the shutdown

Thu, 2019-01-24 12:07
From : Communities>>Open Forum
Thanks for sharing these great resources. For those of you who may not have seen it, please read the Op-Ed that our Chief Executive Officer, Dara Duguay, wrote about the shutdown and the importance of having access to safe, affordable credit. CBA is seeking to support nonprofit CDFI loan funds to meet their borrowers' needs! Through our newly established CBA Fund, a nonprofit intermediary emerging CDFI loan fund, we are dedicated to expanding the capacity of nonprofits that provide safe and affordable [More]

D.C. vendor and professional services recommendations

Thu, 2019-01-24 11:37
From : Communities>>Open Forum
In partnership with the Bainum Family Foundation and Public Health Management Corporation, Reinvestment Fund is launching a loan program for high quality early childcare providers in District of Columbia's Wards 7 & 8. What would be incredibly helpful is if anyone had references or referrals to local vendors offering the following services: 1. General contractors - projects in both family child care homes and centers ranging from $50,000 - $200,000 2. Architects – preferably with experience in early [More]

GIIN 2019 Annual Impact Investor Survey: Invitation to Participate

Thu, 2019-01-24 10:27
From : Communities>>Open Forum
Hi CDFI Connect Community! Global Impact Investing Network (GIIN) is now inviting participants - both investors of CDFIs and CDFIs - to contribute to its  9th   Annual Impact Investor Survey . The  report  generated by this survey provides critical data to help grow and strengthen the impact investing market. If your organization makes investments with the intention to generate measurable, positive social or environmental impact alongside a financial return, please consider contributing to this [More]

New Tools to Prepare a Competitive CDFI Application

Wed, 2019-01-23 17:48
From : Communities>>Open Forum
Dear Colleagues - despite the Shutdown, we know there is plenty to do to prepare for the next CDFI Fund Program round.  Let's talk about ways to  streamline and improve the competitiveness of your CDFI Financial Assistance (FA) application. Thursday, January 31st at  1:00 PM CST We hope you can join us. Good luck! ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 [More]

Share how your CDFI is responding to the shutdown

Wed, 2019-01-23 17:40
From : Communities>>Open Forum
Hi everyone, OFN is aware of many CDFIs meeting the challenge of the prolonged shutdown by assisting their borrowers in different ways.  Below are a few examples: DC Credit Union is offering furloughed federal employees interest free loans NeighborWorks Capital is offering short-term bridge loans to NeighborWorks network members who are experiencing delays in funding or reimbursements from federal contracts or grants for affordable housing programs  Fahe is providing a "Federal Shutdown Stabilization [More]

Advantages to being a woman in the CDFI industry

Wed, 2019-01-23 11:23
From : Communities>>Open Forum
It's 2019 and FUND Community Institute is back sharing more data from its landmark study, Perception versus Reality: Women and Change in the CDFI Industry (available at ). To kick off the new year on a positive note, we are looking at advantages to being a woman in the CDFI industry. Survey findings reveal that almost 37% of respondents agreed or strongly agreed that there are benefits / advantages to being a woman in the CDFI industry. When asked to describe these advantages, [More]

Performance Reviews and next steps

Wed, 2019-01-23 10:49
From : Communities>>Open Forum
Good day members, I'm sure you've all heard in various circles that annual performance evaluations are a thing of the past and continual feedback with your teams is a positive step in employee engagement and positive performance. I'm working to transition away from annual reviews (and a lengthy documentation process) to some simpler, more frequent and easy to review/update throughout the year. Can you share any thoughts on switching from annual to other than annual performance evaluations, considerations [More]

Chief Operating Officer Position description

Wed, 2019-01-23 10:31
From : Communities>>Open Forum
Good day OFN Community members, I hope the new year has gotten off to great start for each of you.  We are entertaining the possibility of adding a Chief Operating Officer type position to our organization.  Can you share position descriptions of the role (or a similar role responsible for implementation of programs and services). Thanks! Jon ------------------------------ Jon Gaines CFO Wisconsin Women's Business Initiative Corporation Milwaukee WI 414-263-5450 ------------------------------

RE: MicroLending Essentials, Feb 20-21 in Los Angeles

Tue, 2019-01-22 15:28
From : Communities>>Open Forum
Thanks for the plug Heather! We've also heard from business assistance providers that it helps them be better loan packagers. -- Heidi Pickman Associate Director CAMEO 1 Hallidie Plaza , Suite 715 San Francisco, CA 94102 ph 415.992.4483 fax 415.445.9529 LinkedIn Twitter: @CAMEOMicro Facebook: MicroBizCA Watch CAMEO Connects to see the power of locally-grown small-businesses .

RE: MicroLending Essentials, Feb 20-21 in Los Angeles

Tue, 2019-01-22 13:13
From : Communities>>Open Forum
I am going to put in a plug for this event. I took it last year with my co-worker and one of our board members. It was extremely useful for all of us and has really helped frame our work as we are strengthening and improving our loan program. I highly recommend it! Heather Gurewitz Executive Director Economic Development & Financing Corp 175 E. Church St. Ukiah, CA 95482 (707) 234-5705

RE: Lending to board members' family

Tue, 2019-01-22 09:41
From : Communities>>Open Forum
Thanks everyone for your feedback! We took all of it to craft the following, which is what we're going to try out for now: Lending to immediate family members (parents, grandparents, siblings, children, and grandchildren) of the Redbud Board of Directors and/or of the Housing Development Alliance Board of Directors, excluding those family members who reside in the same residence as or are considered in the same household as members of the Redbud Board of Directors and/or of the Housing Development [More]

Tip Tuesday: Make a Connection

Tue, 2019-01-22 09:38
From : Communities>>Open Forum
One perk of CDFI Connect is the ability to connect and network with other professionals using the User Directory (under Network) and Add Contact features. Add a Contact via the Discussion Board: Under the profile picture displayed in a thread click the Actions button drop down menu and select Add Contact An connection invitation will be sent to the recipient for approval A list of your Contacts can be found within your profile under the My Connections tab.  Add a Contact via the User Directory: [More]

MicroLending Essentials, Feb 20-21 in Los Angeles

Fri, 2019-01-18 13:59
From : Communities>>Open Forum
Our members often ask us where they can send staff for microloan underwriting training. When we looked around, we didn't find any that had evolved with current underwriting practices. So we designed a training ourselves. Susan Brown, CAMEO's microlending specialist with over 25 years of experience, developed a training for microlending credit analysis, with input from some of the strongest lenders in the field today. The training consists of two days on microlending credit analysis including discussion [More]

RE: Approval Matrix

Tue, 2019-01-15 15:36
From : Communities>>Open Forum
Hi!  Thx for sharing, did we ever get the Appendix A?  Lora ------------------------------ Lora Baldracchi NMLS Loan Originator #719004Loan Fund Director Worcester Community Housing Resources, Inc. Worcester MA (508) 799-0322 x112 ------------------------------