Bankwell’s Post

What a week! In the last week, Lenders Cooperative has 7 new customers – five #banks and two #creditunions.   Use cases:   Credit Union wants to launch an #SBA program but doesn’t have the technology nor expertise to drive volume. Lenders Cooperative’s outsourced underwriting team and powerful #LOS was chosen after a competitive review.     Credit Union wants to launch a small business lending, automate their CRE lending activity, and launch SBA later in 2025. Our outsourced underwriting teams and LOS will give them a time to market advantage.   A bank who is a top 25 SBA lender will use Lenders Cooperative’s LOS to launch a small 7(a) lending program. They have pent-up demand for these loans and needed a solution to automate and reduce friction in the application and back office processing.     A $4b bank is using our SBA LSP team and LOS to deliver SBA 7(a) loans to their customers. The other three banks are using us across a variety of business needs – outsourced underwriting and our LOS to reduce friction for borrowers and back office.   Sales is a team sport. Incredible to have a fantastic team to work with. The expertise we have around commercial, business lending, and SBA is incredible.  Our development team keeps innovating on a monthly basis.   Our momentum just continues to build. What a great week, and grateful for the trust these folks are placing in our team! #lending #loanoriginationsystems

Not Your Everyday Banker: Redefining Commercial Real Estate Lending with Credit Unions I have been told over and over that I don’t seem like the average banker. I mean, how do you even define it anyways? Just like finding the perfect pair of shoes, successful commercial real estate lending requires the right fit for every client. I suppose when you add a splash of fun to a commercial real estate transaction it takes a turn from being so serious all the time. And I like to have fun! As a CCIM and an over-the-moon advocate for credit unions, I bring a unique blend of expertise, creativity, and personalized service to the world of commercial real estate lending. My CCIM designation, and being a commercial property owner myself, demonstrates a deep understanding of the complexities of commercial real estate. It means I don’t just see properties; I see opportunities. The collaboration with my credit unions is truly unique. Unlike traditional banks, credit unions are member-focused and community-driven. This aligns perfectly with my approach: prioritizing relationships, understanding unique needs, and delivering customized lending solutions. Did you know credit unions are not-for-profit financial institutions? My amazing team is never content with the status quo. We are always crafting creative financing structures to meet today’s crazy and evolving demands of the commercial real estate market. It's not just about the transaction; it's about building lasting relationships. I take the time to understand goals and challenges, providing tailored solutions that truly make a difference. Always having some fun and laughter along the way! If you just happen to be looking for a commercial real estate lending partner who thinks outside the shoebox (I have lots of shoes…) and is committed to your success, let's connect. I’m sure I have a pair that’s in your size. Together, we can turn your vision into “realty”! The Power of Collaboration ® Need a loan? #ccim #ohioccim #commercialrealestate #commercialloan #commerciallending #CRE #creditunions #innovativelending #relationship #realestateinvestment

Every FI both suffers AND benefits from #wealthtransfer. Considering the Boomer ‘cliff’ we may be approaching the precipice of, I wonder how many CUs have a mechanism for assessing where they land +/- in this exchange. Anurag makes some excellent points about confluent factors of entrepreneurial aspiration and relevancy with this inbound generation. #creditunions #genz #depositbanking #smallbusiness #smallbusinesslending #strategy

Risk based lending can be done safely, profitably and fill an unmet need in the communities served.

Building a Private Money Lending Business in Today's Market Tomorrow, April 16, 2024 | 11:00am - 12:15pm REGISTER HERE: https://bit.ly/4cezL2b With uncertainty in the banking sector, the opportunity in the private money lending industry has exploded. The availability of capital from private high net worth investors and institutional capital sources is growing due to higher interest rates. Launching a private money lending business has become a popular decision for mortgage brokers and others in the real estate industry. Don’t miss out on this opportunity to hear from some of the most knowledge business leaders in the private lending industry. If you are looking to launch your own business or scale an existing one, you need to attend this webinar.

A community bank with an in-house SBA department? Yep, that’s us. Wether it’s refinancing old debt, expanding, or facilitating a buy-sell, SBA can be a great tool. Pro Tip: The SBA facility in a buy-sell can let you avoid raising costly additional equity or sub-debt and give you a very cost effective all-in capital stack. Get with us and get on with creating the new future for you and your family!

As home equity lending surges nationwide, credit unions are stepping up their game. The largest credit unions across the U.S. are seeing a sharp rise in demand for home equity loans and HELOCs, driven by increased property values and borrowers looking for better options to access cash. What’s key? Speed and efficiency! The top-performing credit unions are leading the way by streamlining their processes and adopting automation tools to deliver faster closings. Some are closing home equity loans in just 5-10 days, well ahead of the industry average. At Coviance, we’re helping credit unions meet this demand head-on with workflow automation that cuts down closing times and keeps members happy. Want to know how your credit union can stay ahead? Let’s connect! #CreditUnions #HomeEquity #LendingTrends #Coviance #Efficiency

Building a Private Money Lending Business in Today's Market April 16, 2024 | 11:00am - 12:15pm REGISTER HERE: https://bit.ly/4cezL2b With uncertainty in the banking sector, the opportunity in the private money lending industry has exploded. The availability of capital from private high net worth investors and institutional capital sources is growing due to higher interest rates. Launching a private money lending business has become a popular decision for mortgage brokers and others in the real estate industry. Don’t miss out on this opportunity to hear from some of the most knowledge business leaders in the private lending industry. If you are looking to launch your own business or scale an existing one, you need to attend this webinar.

Shares of lender Ally Financial Group dropped after CFO Russ Hutchinson highlighted “intensified” credit challenges for the digital financial services provider. The CFO pointed specifically to rockiness in the lender’s retail automotive loans segment, which has increased over the past quarter, during a talk at the Barclays Global Financial Services conference Tuesday. The intensified credit issues come as Ally’s borrowers struggle with “high inflation and cost of living, and now more recently, a weakening employment picture,” Hutchinson said. While the Charlotte, North Carolina-based Ally is seeing other credit segments perform either at or exceeding its expectations, delinquencies in its retail auto sector rose by 20 basis points versus its expectations in July and August. #auto #lending #CFO https://lnkd.in/gZuwq6n2

'📣 John Lewis brings back personal loans for customers 💰💳 John Lewis has brought back personal loans for its customers as it looks to widen its financial services offer. 💼🏦 #JohnLewis #PersonalLoans #FinancialServices #CustomerService. Get more insights at databoutique.com - your largest source for public data 🌐📊 #RetailNews #DataInsights' by Retail Gazette about John Lewis & Partners