Loan Underwriting and Processing Support for CDCs

Whether you need assistance with increasing your loan processing capabilities or want to enter into the space, we have worked with CDCs to meet and exceed their goals of loan underwriting and processing.

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Start to Finish Loan Underwriting and Processing for CDCs

We're here to meet the demands you face. Our organization understands that CDCs provide unique opportunities for the communities they serve. However, the ability and the quality of that service can be affected if you don't have enough resources at your disposal to meet demand. When it comes to CDCs that either don’t have the underwriting resources to allocate for the increasing business SBA 504 loan opportunities or those that like to complement their internal underwriting staff with an outsourced option, Morrissey Metcalfe and Associates is able to provide immediate support.

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Save Time

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Serve More

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Grow Faster

Meet Your Community's Needs

Morrissey Metcalfe and Associates with underwrite your entire credit packages. Our goal is to help you make your credit decisions and submit them for approval to the SLPC.

Loan Underwriting and Processing Support for CDCs

Meet Public Policy Goals

Loan Underwriting and Processing Support for CDCs

With our underwriting support we allow smaller CDCs to provide opportunities to their communties they may not otherwise have the staff on hand to offer. Our services will allow your CDC to better facilitate job growth and community development.

Our Approach

Preliminary Eligibility Assessment

Before anything begins we make sure that key loan conditions are agreed upon and understood up front with the borrower. This allows us to avoid costly surprises later in the process.


We have developed an assessment process that facilitates rapid evaluation of prospective SBA loan applications.


During this time our team works closely with your lending team. Together we will work to develop not only a compliant structure, but one that also aligns with your institution’s credit criteria. 


Credit Analysis & Underwriting

When you work with Morrissy Metcalfe and Associates we bring to the table a robust electronic underwriting system. Within this system we have developed strategies to ensure a compliant financing memorandum and a detailed underwriting process. 


The underwriting team that you will work with will analyze each credit request to support your internal approval. Our systimatic approach involves incorporating key eligibility criteria that is not customarily evaluated within conventional credit analysis.

Loan Processing & Packaging

When it comes to an SBA loan application's processing, there is a certain level of specialized expertise required to ensure not only compliance but avoiding lengthy and costly delays. 


The experts at Morrissey Metcalfe and Associates can handle your entire process of the loan application process and will ensure loans make it through final agency approval.

Closing

Morrissey Metcalfe and Associates will coordinate with the lender to ensure we have satisfied all closing conditions and avoided costly missteps. 


Before anything is closed we will review all due diligence and loan documentation examining key items that result in guaranty repairs, denials, or audit exceptions.

CDCs Often Ask Us...

  • We’re a small CDC with only a few underwriters – how can you help us?

    We have all the experienced underwriters you need. If the number of deals you’ve have pending exceed the capacity of the underwriters you have, Morrissey Metcalfe and Associates can reduce the backlog and get the memo done and ready for submission to the SBA.

  • We’re not comfortable using outside underwriters, are you SBA approved?

    All our people are cleared by the SBA. We’ve been underwriting SBA loans for CDC’s for years and can provide a list of CDC references for you to contact concerning our quality, speed and how we are to work with. 

  • How do you underwrite the deal?

    You assign us one of your Ventures® seats when you need us to underwrite. We’ll underwrite it in your system where you can see our progress, review our work and where you remain in control.

  • How do we get SBA approval to use you as an outside underwriter?

    It’s easy. We have a friction free package of templates including our contract which has been previously reviewed and approved by the SBA. The package also includes a template letter of rationale from your CDC to the SBA, and a CDC board resolution approval template. The whole process from start to SBA approval typically only takes a couple of weeks.

  • We’re concerned about the quality of outside contractors’ work – how do we know your quality is good?

    First, you can ask our references. We work for nearly 20% of the active CDCs in the United States. Also, we can send you redacted credit memos for your examination.

  • How does the workflow happen?

    After you collect the information, you need for the deal to go to underwriting, you securely transmit it to us via your favorite file sharing software. We assign one of our underwriters to your deal. He or she will work with your BDO and/or your Underwriting Manager. If the package is complete, we’ll get the list of questions out to you within 3 business days after receiving the deal. Once the questions are answered the credit Memo is then completed, usually within a total time of 5-7 business days. We promise not to pester you with a bunch of emails, calls or questions multiple times a day. We call this “the death of a thousand cuts”. We know your busy. We contact you when we need to, but we’re always available by phone of email any time you need us.

  • How do you work with our existing team?

    We typically assign an underwriter to your deal. That underwriter will generally work with you BDO and/or assigned Underwriting Manager (you help determine this). If the package is complete, we’ll get the list of questions out to you within 1-2 day after accepting the file. Once those questions are answered, within 1-2 days, your deal will be ready to go. We don’t pester you with a million questions but we communicate with you as much as you like.