Products
Streamline your CDFI processes and
increase the quality of reporting
Automating Your Manual CDFI Processes to Make Better Lending Decisions
|
|
|
Eliminate the need for your staff to visit multiple government/CDFI websites to manually look up information and know eligibility from the Application forward!
|
|
LendingCycle coordinates your team's lending activity from application through post close. Starting with the first step in the process, we've integrated intuitive CDFI focused functionality that automatically pulls data from government sources, helping you identify eligible loans before approval. We then provide you with reporting and internal/external audit tools that increase the quality of your information and save a discernable amount of man hours. All CDFI functions are included in LendingCycle Enterprise "Full" and "CDFI" editions. PDF
|
Automated Data Collection
Our address entry forms (borrowers, collateral, etc.) search for accurate addresses as you type and automatically prefill census tracts, latitude/longitude, and Metropolitan Statistical Area data in one step.
|
 
|
CDFI Insights for Borrowers & Collateral
Once addresses are entered, we perform dozens of automated calculations and queries. Having this data automatically pulled not only saves man-hours but provides it early in the process, helping your team process loans more efficiently. From the Application forward your team can use our CDFI mapping that considers both the borrower and multiple collaterals (up to 72), showing the Census/CDFI tracts as well as the property locations. Based on the rules for your program, we then provide eligibility determinations. This approach lets you know, before the approval process, if a loan is eligible for different funding programs.
|
|
CDFI Reporting and Analysis
Once a loan has started, we provide pre/post close CDFI spreadsheets and analysis functions to streamline your review and reporting efforts.
|
|
|
Contact us today to learn how you can use LendingCycle.
