Operations & Technology

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  • 1.  Fundingo Vs IvyTek

    Posted 12-13-2022 12:08 PM
    Bridgeway Capital is exploring these two Salesforce-driven enterprise systems for loan origination and servicing. We have seen their demonstrations of the software, but we would be very interested in having conversations with any CDFI's who are actively using either of these platforms. Does anyone have experience they are willing to share?

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    Jacob M. Sault, CPA
    Controller
    Bridgeway Capital, Inc.
    Pittsburgh PA
    jsault@bridgewaycapital.org
    (412) 201-2450 x111
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  • 2.  RE: Fundingo Vs IvyTek

    Posted 12-14-2022 12:25 PM
    Hi Jacob, 

    I don't have anything to contribute to the conversation in terms of knowing these tools, but I wonder if you could share the requirements Bridgewater is using to evaluate the systems? Neighborhood Development Center is starting a search for a Lending software tool for origination and servicing as well, and I'd be very interested to hear what other CDFIs look for in a software option. 

    Thanks!


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    Martha Grave
    Development Associate
    Neighborhood Development Center
    St. Paul MN
    6513798117
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    Original Message


  • 3.  RE: Fundingo Vs IvyTek

    Posted 12-26-2023 12:57 PM

    Hi Jacob,

    At C4C we are also looking at Fundingo.  Are you using it now? And, if so, how is it working out?
    Thanks.
    Carla



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    [Carla [Weil]
    [Director of Commercial Lending and Impact]
    [Capital for Change]
    [Wallingford] [CT]
    [475-253-9743]
    (860) 586-2028(860) 586-2028(860) 586-2028CarlaCarlaWeil
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    Original Message


  • 4.  RE: Fundingo Vs IvyTek

    Posted 01-04-2024 02:03 PM

    CSDC has also been looking at Fundingo vs other solutions and I've been trying, unsuccessfully, to get testimonials from other CDFIs who are using it.  I'd be very interested to hear if anyone has feedback, positive or negative!



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    Michelle Prosperi
    Chief Operating Officer
    Charter Schools Development Corporation (CSDC)
    Hanover, MD 21076
    Office: (443) 561-1284
    Cell: (703) 597-8260
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    Original Message


  • 5.  RE: Fundingo Vs IvyTek

    Posted 03-25-2024 03:09 PM

    Hi Jacob,

    Coastal Enterprises, Inc. has been using IvyTek for a year now.  We love it.  Their support is great and during implementation they helped us identify process we could improve and then helped us streamline most of them.

    Thanks,

    Jeremy



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    Jeremy Johnson
    Director of IT
    Coastal Enterprises (CEI)
    Brunswick ME
    2075045900
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    Original Message


  • 6.  RE: Fundingo Vs IvyTek

    Posted 5 days ago

    I am a little late to this conversation but would appear that a lot of CDFI's are in the market for a new software.  Our organization is considering this and would love to hear more conversation around what people are finding, their experiences and any feedback (good or bad).  We are looking for something that interacts with Salesforce and potentially Workday, can be flexible around funding sources and has a good construction management component.

    Would love to see a recurring discussion around technology.

    Thanks!



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    Joy Garvin
    Direction of Lending Operations
    Enterprise Community Loan Fund, Inc.
    Columbia MD
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    Original Message


  • 7.  RE: Fundingo Vs IvyTek

    Posted 2 days ago
    Edited by Ariana Miller 2 days ago

    Our organization is in the process of implementing Fundingo.  I don't have experience with IvyTek; but in comparison to other loan origination platforms, the choice to go with Fundingo was highly influenced by the fact that it is a Salesforce-based application, it offers the flexibility to add additional modules as needed, and the team provided high-touch client service.  We've not begun using it yet, but the experience has been good thus far.  It's also my understanding that Fundingo is particularly interested in expanding its reach among CDFIs, so it's probably worth a conversation. 



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    Ariana Miller
    African American Alliance of CDFI CEOs
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    Original Message