How does DownHome Loan Manager fit with community lending?
First and foremost, DownHome Loan Manager (DLM) was designed for community lenders. Whether your agency operates a single microloan fund or multiple portfolios serving a variety of community development purposes, DLM will help you keep track of your overall portfolio and adjust to your needs as you grow. Many of DLM’s features were developed to meet agency reporting requirements. In DLM, loan accounts are identified by funds (e.g., by SBA, EDA, USDA, private funds, etc.) to make it easy for you to prepare reports to government, foundation, or private funders. In addition to monitoring loan accounts, DLM keeps demographic data on your borrowers, so you can demonstrate that your program is reaching your target audiences. DLM is a flexible system that accommodates the non-standard repayment schedules and adjustable terms that some alternative financing deals require. DLM makes it as easy as possible to change loan terms “on the fly” for scheduled loan transitions. Adjustments for workouts
