Comments on: How can community lenders survive? http://blogs.reuters.com/felix-salmon/2009/04/28/how-can-community-lenders-survive/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Scott http://blogs.reuters.com/felix-salmon/2009/04/28/how-can-community-lenders-survive/comment-page-1/#comment-1034 Thu, 30 Apr 2009 18:59:28 +0000 http://blogs.reuters.com/felix-salmon/2009/04/28/how-can-community-lenders-survive/#comment-1034 Your point about the need for small community-based institutions to get smarter and leaner in their operations and share resources is exactly right. In answer to the parting question: Yes, there is a group of ex-financial-types working on this kind of project – the company is called oFlows. oFlows is a SaaS loan origination and risk management technology platform that delivers an end-to-end paperless loan origination and risk management system to credit unions and community-based lenders with no big up-front investment and pay-as-you-go pricing that is actually cheaper than printing and mailing paper files. So any size institution can afford to go paperless and implement best practices for operations, risk management, and fraud detection. Check it out at oflows.com.

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By: RICHARD HAGOPIAN http://blogs.reuters.com/felix-salmon/2009/04/28/how-can-community-lenders-survive/comment-page-1/#comment-918 Tue, 28 Apr 2009 18:35:00 +0000 http://blogs.reuters.com/felix-salmon/2009/04/28/how-can-community-lenders-survive/#comment-918 Unbelievable that Chrysler (or Ceriberus)would relinquish 55% of the company to the UAW, that helped cause much of the current problems, of course with the help of Chrysler. They should go bankrupt. I have been in the auto business for 50 years, and Chrysler hasn’t changed. Their vehicles are ok for the first year or two, but watch them when they hit the wholsale used car market compared to Ford , GM and some imports….dramatic price difference overall. I can not believe that additional government bailout money(yes the tax payers debt and their children) and a 35% stake with Fiat will save Chrysler. Americans do not as a whole want to drive small electric or as referred to as “hybrids” vehicles. Of course with gas around $2 bucks or less per gallon, Americans want their pickups back and SUVs and this is evident in the current used vehicle market. Wake up America, no I guess I really mean, wake upour current administration and politicians who no very little about the auto indutry ( i wonder what kind of cars these guys and gals drive), Chrysler can not survive by offering the cash incentives and rebates as they do today to sell a car. What will change ?…probably nothing. Sometimes you just can’t sit back and say nothing…..again I can not believe Chrysler gave up 55% and with the governments blessing, typical Democratic administration and foundation beliefs.

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