Remove Capital Remove Lending Remove Management Remove Philadelphia
article thumbnail

The benefits of micro-lending programs

Independent Banker

There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Although the surge in PPP lending highlighted a need for loans among underserved borrowers, it also has led to some creative solutions.

Lending 150
article thumbnail

Loan-pricing models: What to consider for loan origination software

Abrigo

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Would you like other articles like this in your inbox? According to James L.

Software 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc.

Lending 116
article thumbnail

Banks and CDFIs: Partnering for community impact

Abrigo

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

Community 246
article thumbnail

Philly Consortium Advances ‘Regenerator’ Concept For SMBs

PYMNTS

Put forth by a consortium of Philadelphia-area advocacy groups and academics, a Regenerator is a kind of public-private partnership that will coordinate available resources and find new ones to help individual businesses survive. The federal role will extend beyond capital,” Katz noted. And that access to capital is critical.

Maine 138
article thumbnail

Loan-pricing models: What to consider

Abrigo

One overall benefit of effective loan pricing is that it is one of the many ways a financial institution can optimize capital. Adams, supervising examiner at the Federal Reserve Bank of Philadelphia, pricing is a key underwriting factor that should be addressed as part of a sound loan policy. According to James L.

Capital 150
article thumbnail

Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

Even churches are closed and the new reality had me watching Easter church services from the Cathedral Basilica in Philadelphia on a website. For most of us here around Philadelphia, the stay at home restrictions began on March 13th, which was Montgomery County‘s date. Restaurants are closed. Theaters are closed. Congress passed $2.3