Lowell Five Bank’s Post

Growing a commercial loan portfolio in this existing economic environment is a tough task especially the last 1-2 years. I am very proud of my O'Fallon, IL / St. Louis, MO commercial banking team at First Bankers Trust Company, NA of hitting a milestone of $100,000,000 in loan outstandings in just 3 short years starting from zero and no physical bank branch!! Emilie Moody Clay Shackelford Matt Wyatt. Also, a huge thank you for all of our customers who have trusted us to be a small part of their success! Banking is not rocket science, but there are several important skills/attributes that my team excels at: 1. Be consistent with your follow up for customers and prospects and respond to all emails/phone calls within 24 hours. 2. Always do the right thing and be clear with your communication. 3. Building a true relationship with the individual/company is more important than just a quick sale. 4. Realizing the customer is why we are in business. 5. Turnaround time for loan requests is vital to the customer. A quick no is much better than a drawn out no. 6. Ask for the business and show interest in the customer! 7. Offering unique commercial loan solutions and products/services for the customer's treasury management needs. 8. 60+ years of combined commercial banking experience to offer tailored solutions that are in the best interest of the customer and not just for the Bank to book new business. 9. Once the loan closes or deposit accounts are opened, that is when the true relationship begins. Communication after closing is vital. Let us know if you have any commercial banking needs, and we will show you what a true community bank relationship is!

Our company (#ABMS) specializes in comprehensive field investigations for personal, business, and home loans, ensuring meticulous verification and assessment processes to support informed lending decisions. Leveraging our expertise, we conduct thorough on-site evaluations and background checks, providing detailed reports that encompass financial stability, property valuations, and borrower credibility. Our commitment to precision and integrity helps financial institutions mitigate risks and enhance their loan approval procedures, fostering trust and security in their lending practices. By partnering with us, you gain a reliable ally dedicated to delivering accurate, timely, and actionable insights for all your loan investigations. Certainly! Here are five compelling reasons to choose us for your field investigation needs: #Expertise: With years of experience in the field, our team possesses the knowledge and skills necessary to conduct thorough investigations across various loan types. We understand the intricacies of personal, business, and home loan processes, allowing us to deliver precise and insightful reports. #Customized Solutions: We recognize that every client and situation is unique. That's why we offer tailored investigation solutions to meet your specific requirements. Whether you need a comprehensive background check, property assessment, or financial analysis, we adapt our approach to deliver results that align with your objectives. #Efficiency: Time is of the essence in the lending industry. Our streamlined processes and use of cutting-edge technology enable us to conduct investigations efficiently without compromising accuracy. We strive to deliver timely reports, allowing you to expedite loan approvals and minimize delays. #Compliance: Compliance with regulatory standards is non-negotiable in the financial sector. At #ABMS, we adhere strictly to industry regulations and guidelines, ensuring that our investigative practices meet the highest ethical and legal standards. You can trust us to conduct investigations with integrity and confidentiality. #Client-Centric Approach: At the heart of our business is a commitment to client satisfaction. We prioritize clear communication, responsiveness, and collaboration throughout the investigation process. Our dedicated team is always available to address your concerns, answer your questions, and provide ongoing support, fostering a partnership built on trust and reliability. #LoanInvestigations #RiskMitigation #FinancialVerification #LoanApproval #FieldInvestigations #LendingDecisions #CreditAssessment #TrustAndSecurity #FinancialIntegrity #BorrowerCredibility #PropertyValuation #LoanProcess #LoanSecurity #BusinessInvestigations #HomeLoanVerification

Short-Term Cash Flow Solved: Secured Lending Bridges the Gap for Growing Business A recent borrower approached Secured Lending with a unique situation. Their business boasted a healthy pipeline, but a common pain point for many businesses reared its head: the struggle with mismatched payment terms between accounts receivable and accounts payable. This temporary cash flow crunch threatened to disrupt their operations. Secured Lending understood the challenge. By leveraging a first mortgage on a commercial property and two residential properties, we were able to provide a tailored debt consolidation facility, bridging the gap and allowing the business to focus on what they do best – growing their company. Secured Lending is committed to being your reliable lender for all your financing needs. We prioritise speed and efficiency, ensuring you have the resources you need, when you need them most. If you or your client require urgent finance, contact us on 1300 795 175, info@securedlending.com.au or check out our website https://hubs.ly/Q02ns_S90 #SecuredLending #BorrowWithConfidence #1stMortgage #DebtConsolidation #CashFlow

Rethinking the origination of a commercial loan: is it a service or product?   In the commercial lending world, it's time for a paradigm shift. If you’re like me, you’ve been conditioned to see loan origination as a product assembly line – standardized for the sake of efficiency.   But here's the catch: commercial loans are anything but standard.   💡 Customization is Key   - Diverse Needs: Every borrower's ask is unique, shaped by diverse business models, cash flows, and collateral – not to mention risk profiles.   - Bespoke Solutions: The real competitive edge lies in crafting tailored financial services, not in churning out cookie-cutter loan products.   - Service Excellence: The focus should be on service optimization – understanding and adapting to the evolving needs of borrowers.   🤔 Challenging the Status Quo   Traditional loan origination systems often box lenders into rigid frameworks. These are well-intentioned to bring about efficiency, but they don’t account for the experiential cost.   - Flexibility over Rigidity: One size does not fit all.   - Customization over Standardization: Commercial loans defy standardization.   - Collaboration over Hand-offs: Origination is a team sport, not a relay race.   🌟 The Path Forward   You might be thinking that this sounds nice… and expensive. Isn’t standardization the way vendors make their systems affordable to community banks?   For most vendors that is the case – but not for Crowe CX for Commercial Lending. We’ve treated commercial loan origination as a service to be optimized from the beginning. So our system is designed to support the way lenders actually work and win business.    Intrigued by the concept of optimizing the service of commercial lending? Follow for a side-by-side comparison of these mindsets in lending in next week’s post. #commerciallending #bankingindustry #banking #businessbanking #creditunions

Remember, building a strong credit score takes time and consistent effort. By following these strategies and practicing responsible credit management, you can gradually improve your credit score and reap the benefits of better financial opportunities. ☑️ Negotiate for lower interest rates ☑️ Utilize credit unions ☑️ Seek debt consolidation ☑️ Avoid closing old credit accounts ☑️ Become an authorized user ☑️ Monitor your credit report regularly ☑️ Dispute credit report errors ☑️ Pay your bills on time ☑️ Keep your credit utilization ratio low ☑️ Avoid opening too many new credit accounts Improving your credit score takes time and effort, but it’s worth it in the long run. A good credit score can help you qualify for lower interest rates on loans, mortgages, and credit cards. It can also help you get approved for apartments, rent cars, and even jobs. Take the first step today and start working towards a better credit score. DM me if you need any help. Helen Molina | Lodi Realtor | Loan Officer #lodirealtor #lodirealestate #loanofficer #improveyourcreditscore #creditscore #wealthmanagement  #investing

A snapshot of June achievements by brokers and how we have helped! Multiple standard size private lending deals from $800k to $1mil Multiple mid size deals from $1.2mil to approx. $2.8mil Larger size deals funded at about $9mil A trophy asset funded at just over $40mil Alt doc and near prime home loans (N1 Plus), multiple deals ranging from $600k to $1.9mil. What to expect in a broker's journey to fund a deal? Stage 1: Initial meeting and fact find Stage 2: Indicative Terms Sheet issued, valuations quote or reassign Stage 3: Due diligence, terms negotiation, borrowers' situations' clarifications, evidence docs, etc. Stage 4: Loan documentation & clauses, Conditions Precedent fulfillment, independent legal advice and/or financial advice, settlement preparation Stage 5: Funded and post-settlement conditions, regular follow ups on exit strategy Private capital is hungry for deals backed by quality asset, making brokers play a crucial role to provide the deal flow. 99% of our deal flows from brokers and referrals. Private lending is rarely straightforward and financiers of any size need to tap the expertise of brokers to make everyone's work more efficient and productive. We have the appetite to do more with our broker partners! Please reach out in the new FY25! N1 offers real flexibility in private lending. Reach out to our friendly team and speaks directly to decision makers. We control and lend our own fund and we don't have restrictive policy. N1H currently manages about $155mil and funding sits in our account ready for immediate deployment. N1H, as a direct lender, aims to uphold elevated standards in private lending through ethical practices, diligent governance, and a commitment to strong compliance. Have a scenario? Contact me on jessiewang@n1holdings.com.au

A snapshot of June achievements by brokers and how we have helped! Multiple standard size private lending deals from $800k to $1mil Multiple mid size deals from $1.2mil to approx. $2.8mil Larger size deals funded at about $9mil A trophy asset funded at just over $40mil Alt doc and near prime home loans (N1 Plus), multiple deals ranging from $600k to $1.9mil. What to expect in a broker's journey to fund a deal? Stage 1: Initial meeting and fact find Stage 2: Indicative Terms Sheet issued, valuations quote or reassign Stage 3: Due diligence, terms negotiation, borrowers' situations' clarifications, evidence docs, etc. Stage 4: Loan documentation & clauses, Conditions Precedent fulfillment, independent legal advice and/or financial advice, settlement preparation Stage 5: Funded and post-settlement conditions, regular follow ups on exit strategy Private capital is hungry for deals backed by quality asset, making brokers play a crucial role to provide the deal flow. 99% of our deal flows from brokers and referrals. Private lending is rarely straightforward and financiers of any size need to tap the expertise of brokers to make everyone's work more efficient and productive. We have the appetite to do more with our broker partners! Please reach out in the new FY25! N1 offers real flexibility in private lending. Reach out to our friendly team and speaks directly to decision makers. We control and lend our own fund and we don't have restrictive policy. N1H currently manages about $155mil and funding sits in our account ready for immediate deployment. N1H, as a direct lender, aims to uphold elevated standards in private lending through ethical practices, diligent governance, and a commitment to strong compliance. Have a scenario? wendyzhang@n1holdings.com.au

Direct from Credit: Background Due Diligence, and UCT updates When it comes to private lending it’s rarely a vanilla deal or straight forward scenario. Instead of relying on quantitative income servicing, private lending focuses on a couple of factors such as purpose of funding, exit strategy, strength of security, and borrower/guarantor background. This is when sophisticated mortgage brokers can put their credit hat on, asking qualitative questions, to explore the what, why and when of purpose, exit, security and background. Many however may overlooked the borrower’s background. Which sometimes a thorough background, media check or people check service may come in handy to avoid surprises, of course those checks have to come with consent by borrower or done by borrowers themselves. Being prepared and upfront at the initial stage of an assessment also allows brokers to come out with strategy to mitigate potential risks, to alleviate credit concerns. Background check that identifies credit adverse history is something we can definitely consider as long as there is a valid reason to it. Typical background check could also be due to overseas business operations, change of names, previous litigations, etc. There aren’t necessarily deal killers, in fact a way to pre-empt risks and structure a strategy to help borrowers. Also, with the new rules coming into effect for unfair contractual terms (UCT), it’s time for brokers and lenders to exercise more qualitative due diligence. When it’s not straight forward it’s when a sophisticated broker can add value. We always stress the importance of helping clients navigate traps and pitfalls in the market, and the new changes is a positive move to scale up industry standard, placing more trust into the value of private lending solutions. Reach out to us to explore opportunities scenarios@n1holdings.com.au

Connective research has found that the number of fixed-rate loans expiring in the first quarter of 2024 will be 47% higher than the same period in 2023, on average. Our Executive Director Mark Haron, said that “the biggest opportunity for brokers right now is focusing on how they can help clients who have recently come off a fixed rate or are about to – [as] opposed to just focusing on new loans. “As we all start thinking about 2024, I encourage every broker to take a moment and consider what your fixed-rate clients need to know about their loans.” #HomeOfTheBest

Five “C” of Lending….. continues The fifth “C” of lending is "Collateral " Collateral is what you use as security. It can be your house, other property, company assets or other assets that has a value, identifiable and transferable. This is what you call a secured loan and the other type is unsecured where the bank or finance company will not take security. Normally unsecured lending attracts a higher interest rate and that's even with a personal guarantee. Remember a personal guarantee is only a promise to pay and at times can be worthless. Sometimes there is another "C of lending that is informal and I call it!!! Common sense This is whether what you are asking makes sense or the reason is legit and makes sense. But remember doesn’t matter if to you it makes sense to you!!!! It has to make sense to the credit assessor who is looking at your application or your financial advisor If you have any questions please post in comments or DM me. #lending #mortgage #businessfinance ➡️ I'm Doug White from Finsol ➡️ I work with individuals and businesses to help them get finances in order and grow their business or purchase a business ➡️ With a background in business banking and housing lending, I love to see business thrive and grow their dreams! ➡️ Covering my personal journey with bowel cancer ♋️