October 25, 2021 - 9:30 AM
Also, when coaching and training staff understand underwriting basics, they can help their clients be more successful at applying for loans.
CAMEO offers Microlending Essentials (MILES), a microlending underwriting class for the CDFI and business-coaching nonprofit community several times a year. This introductory training covers multiple analyses: global cash, credit history, debt-to-income, and bank statement. Participants also underwrite and write credit memos for three actual microloan applications.