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Loan Origination Meets Speed + Efficiency

Tue, 2019-12-17 11:11
From : Communities>>Open Forum
Hi Everyone, Hope you are all looking forward to the holiday season!  Just wanted to share my blog entitled " Loan Origination Meets Speed + Efficiency " - seems timely given the current discussions regarding the Express Loan Product.  Happy to chat more if need be. Cheers, Lily ------------------------------ Lily Leavitt Community Development Practice Lead Craftsman Technology Group Boston MA lily@craftsmantech.com 857 289-2472 ------------------------------

RE: Express Loan Product

Tue, 2019-12-17 10:53
From : Communities>>Open Forum
We would be interested in participating on the call. We have had some starts/stops over the years with fast tracking.  We are looking to restart a fast track program in 2020 ------------------------------ Nim Patel Chief Strategy Officer Colorado Enterprise Fund Denver CO ------------------------------

RE: Express Loan Product

Tue, 2019-12-17 09:33
From : Communities>>Open Forum
I would also be interested in participating on a call regarding Express Loan products. ​ ------------------------------ Sherry Early-Aden Vice President of Operations Brightpoint Development Fund Fort Wayne IN 260-423-3546 ------------------------------

RE: Express Loan Product

Mon, 2019-12-16 17:14
From : Communities>>Open Forum
Hi Robert, Opportunity Fund has been doing small loans with fast turnaround for a number of years.  We have also developed a strong Community Partners program under which we originate loans on behalf of other non-profits, including some CDFIs.  We can white label  the process to make it reflect your brand as well.  If you are interested in learning more, reach out to Robert Zapata, rzapata@opportunityfund.org ------------------------------ Eric Weaver Founder and Senior Advisor Opportunity Fund San [More]

RE: Express Loan Product

Mon, 2019-12-16 14:31
From : Communities>>Open Forum
I would be interested in participating on the call. ------------------------------ Richard Bird SVP Finance Southeast Community Capital Corporation DBA Pathway Lending Nashville TN 615) 425-7171 ------------------------------

RE: Express Loan Product

Mon, 2019-12-16 12:55
From : Communities>>Open Forum
I think it would be great to organize a call to compare experiences and share successes and challenges. There seems to be merit in having this option on some level for CDFI's and a need for a road map of sorts on how to get there if a CDFI isn't currently offering this option and wants to implement it. ------------------------------ Robert Gernert Lending Relation Manager Economic Development and Financing Corporation Ukiah CA (707) 234-5705 ------------------------------

RE: Express Loan Product

Mon, 2019-12-16 11:38
From : Communities>>Open Forum
ECDI has a "scored loan product" for quicker application t close on micro loans under $20k. I would be interested in participating on a call to discuss. Steven Fireman President/General Counsel 1655 Old Leonard Ave. Columbus, OH 43219 Main Office: 614.559.0115 Direct: 614-559-0113 www.ecdi.org | www.wbcohio.org

New Analysis on Diversity of CDFI Revenues & Individual Giving

Mon, 2019-12-16 11:32
From : Communities>>Open Forum
Good Morning!  I'd like to share some recent analyses from CSBDF's Research program (the full report , brief version, and corresponding blog post  ) where we discuss sources of funding for CDFIs (not limited to, but focusing on loan funds) and make our case for diversifying fundraising strategies to attract individual donors.  We hope to encourage discussions on these topics with our partners and peers, and look forward to your thoughts and insights! Warm Regards, ------------------------------ Emily [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 17:27
From : Communities>>Open Forum
Thank you so much for coordinating this, Jamie. I agree with all of the concerns that have been raised so far and would love to support the effort. ------------------------------ Tyler Jackson Low Income Investment Fund San Francisco CA (415) 489-6131 ------------------------------ ------------------------------------------- Original Message: Sent: 12-13-2019 09:48 From: Vicky Stein Subject: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement - Catherine Thank you for [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 12:24
From : Communities>>Open Forum
Thanks for the response to my question.  They have been helpful.  More info will still be appreciated. Jerry ------------------------------ Jerry Rioux San Luis Obispo County Housing Trust Fund San Luis Obispo, CA jerry@slochtf.org ------------------------------

RE: Request Info on FHLB Membership

Fri, 2019-12-13 10:36
From : Communities>>Open Forum
Hi Jerry I am Watchen Bruce, the new CEO of Baltimore Community Lending, Inc.  Could you send me the excel spreadsheet of the CDFIs that a currently member of FHLB?  I opened the spreadsheet but could locate any CDFIs.   My email address is watchen.bruce@bclending.org.  My number is 410-727-8590, Ext. 387. Thanks ------------------------------ Watchen Bruce President and CEO Baltimore Community Lending, Inc. Gwynn Oak MD 4434531312 ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 10:09
From : Communities>>Open Forum
I completely agree with the points you and Vickie make on this.   Another source of noise in this space is that, understandably, when we co-fund projects, we collect and count the same outputs, which makes it impossible (or at least incorrect) to aggregate those data.  And, a good outcome (or, in some cases, even output) can be sufficient if that output or outcome is indeed a legitimate forecaster of long-term impact on clients/beneficiaries and/or communities.  We just need to invest some time in [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 09:48
From : Communities>>Open Forum
Catherine  Thank you for your thoughtful reply on Assessing Methods of Impact Investing.  I agree with you on all the points and suggestions you offered.  I wanted to respond to one in particular related to the issue of use-cases.  At the risk of repeating myself, one of the "hats" I wear at CRF is policy and advocacy.  Impact measurement, especially outcome based data, is so vital for CDFIs in their efforts to shape, change or develop new public policies to support our work and the communities and [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 09:43
From : Communities>>Open Forum
Hi Jerry, I hope all is well in SLO. There are 61 CDFIs that are members of the FHLB system and you can find the list of CDFI members here on FHLB's website. If you open the September 2019 document, there will be a list of all FHLB members. You can sort by "mem_type" which will can group all CDFIs. I'm happy to share the excel attachment with you via email. There are studies and reports as well on CDFIs and the FHLB system, but I'd love to hear if there are specific topics that you're interesting [More]

RE: Express Loan Product

Fri, 2019-12-13 09:26
From : Communities>>Open Forum
Hi Robert CEI launched a fast-decision micro loan product in early 2018 called The Wicked Fast Loan (playing on a local Maine cultural phrase). We would be happy to get on a conf call and go over what we did to research this prior to launch and how we handle the requests that don't quite fit our application box. We have done over 40 of them in about 20 months and have a loan officer dedicated to this product. Send an email to myself or Daniel Wallace our director of lending, and we can set up a time [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 09:20
From : Communities>>Open Forum
Hi Jerry CEI in Maine was a member of the FHLB Boston from 2012 until last year.... We used their funding for one deal, but continually found the collateral requirements for drawing any funds to be way too onerous.  We make business loans with an array of collateral types and values.  The FHLB products are perfectly suited to using single family homes in your portfolio as collateral to draw FHLB money.  We simply didn't have that kind of collateral to pledge. The discount they require also seemed [More]

Request Info on FHLB Membership

Thu, 2019-12-12 22:34
From : Communities>>Open Forum
Which CDFIs are members of FHLBs?  Is there a list?  Have there been any reports or studies on CDFI membership in FHLBs?  Any info would be appreciated.  Thanks! ------------------------------ Jerry Rioux San Luis Obispo County Housing Trust Fund San Luis Obispo, CA jerry@slochtf.org ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 22:21
From : Communities>>Open Forum
Hey everyone - I have been so impressed with all the interest in this (to be honest with you, I was not sure how much there would be!). We have some decisions to make in terms of scale/rigor/complexity, but so I can record volunteer interest it would be great if people could fill out this form .That form is just for people who have a interest in working on this project as a co-author or contributor. If you are a CDFI who would be responding to the survey, please continue to reply here or email me [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 15:22
From : Communities>>Open Forum
Thanks to Jamie for coordinating this work and to Catherine and Angie for offering input and assistance.  We need as many CDFIs as possible to participate in this effort. ------------------------------ Lance Loethen Vice President, Research Opportunity Finance Network Washington DC (215) 320-4343 ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 14:22
From : Communities>>Open Forum
Hi Jamie, Thank you for your time and moving this conversation forward. I concur with Catherine's sentiments and similar questions. I, too, work for a CDFI and am the lead for their IMM system. We also have taken the step of implementing a system that anticipates/scores project impact pre-investment via the impact due diligence tool. I would be happy to complete a survey about this topic on behalf of our organization. If I can be of help as well, please let me know. Take care, Angie Waddell [More]

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