Broadstreet Enhances Loan Servicing with FUNDINGO Partnership
Broadstreet Impact Services Strengthens Loan Servicing
Broadstreet Impact Services is excited to announce a significant enhancement in its loan servicing operations through the integration of FUNDINGO, an innovative loan servicing software designed for high-impact financial environments.
Overview of Broadstreet's Fund Administration Team
The fund administration team at Broadstreet is responsible for managing over 160 investment entities, collectively exceeding $2 billion in assets. This integration represents a crucial step in Broadstreet's strategic roadmap, aimed at adapting to the dynamically changing needs of clients who navigate diverse fund types and complex investment strategies.
FUNDINGO: A Game-Changer in Loan Management
FUNDINGO is an advanced cloud-based platform deemed essential for the smooth operation of loan data management. It allows users real-time access to vital loan information, which promotes enhanced transparency and accelerates the speed of servicing. This innovative approach ensures that clients receive timely updates and centralized information, fostering a more efficient workflow.
Recent Upgrades and Achievements
The transition to FUNDINGO builds upon a series of recent advancements within Broadstreet's operational capabilities, including the organization's first SOC 1 audit completion and the rollout of the Entrilia platform, geared towards fund accounting and investor reporting. Together, these developments empower Broadstreet’s fund administration team to expand its services while upholding top-tier compliance and quality reporting standards.
Chris Rakers on Tailored Solutions
Chris Rakers, Managing Director for Fund Administration, emphasized the uniqueness of impact investing, noting, "Impact investing isn't a cookie-cutter business. We provide tailored solutions designed to drive meaningful outcomes in areas like economic opportunity and affordable housing. The integration of FUNDINGO into our operations is pivotal in achieving these goals."
FUNDINGO's Contribution to Impact Organizations
FUNDINGO’s design is inherently mission-driven, aiming to alleviate the operational hurdles that CDFIs and impact-focused organizations often encounter. Chandler Schmitt from FUNDINGO shared insights on the platform's purpose: “Operational inefficiencies can jeopardize mission effectiveness. FUNDINGO is designed to turn these complexities into strategic advantages, fostering transparency and enabling our clients to scale effectively while amplifying their impact on the communities they serve.”
About Broadstreet Impact Services
Broadstreet is a committed player in the impact financial services sector, offering comprehensive fund administration, advisory, and management solutions. Our objective is to partner with like-minded investors and fund managers, amplifying social, economic, and environmental impact nationwide. We have taken pride in supporting a diverse array of funds, currently overseeing 41 multi-asset funds and 64 single-asset entities, managing approximately $2.3 billion in capital.
Deep Expertise and Customized Services
Over two decades, Broadstreet has cultivated a reputation for personalized service delivery, focusing on the unique requirements of our clients. Our approach emphasizes collaborative partnerships, in-depth engagement in our sectors, and a commitment to developing tailored strategies that resonate with the values of our clients.
About FUNDINGO
FUNDINGO is a mission-driven loan management platform tailored to address the intricacies of impact investing. By simplifying the various facets of loan origination, underwriting, servicing, and impact reporting, it transforms operational processes into streamlined practices. Institutions, including impact funds and nonprofit organizations, have embraced FUNDINGO's unique capabilities to enhance transparency and scale their operations efficiently.
Contact Information
If you require further information regarding Broadstreet Impact Services, please reach out to Ariel Hargrave via email for inquiries and additional insights about our offerings.
Frequently Asked Questions
What is the purpose of the FUNDINGO partnership?
The partnership aims to enhance Broadstreet's loan servicing capabilities, providing clients with real-time data access and improved transparency.
How many investment entities does Broadstreet manage?
Broadstreet currently administers more than 160 investment entities, totaling over $2 billion in assets.
What unique services does Broadstreet offer?
Broadstreet provides fund administration, advisory, and management services focused on impact investments, ensuring tailored solutions for clients.
What are the main advantages of using FUNDINGO?
FUNDINGO eliminates operational inefficiencies, automates workflows, and provides transparency, making it easier for organizations to achieve their mission objectives.
What does the future hold for Broadstreet Impact Services?
With continued enhancements to their technology and services, Broadstreet is poised to further expand its impact in the social and financial sectors.
About The Author
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