Paul Hoffmann

How can commercial bankers differentiate themselves? I get this question all the time. One way is to become a Resource Manager, a go-to banker that provides value at every level. This post from Chris Nichols puts a practical spin on the new RM with a unique ROI calculator - not for the bank, for the customer. This is a great read and you can even get your calculator at the click of a button.

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What makes mergers a little more tricky for credit unions? What does it mean for you, your job, your career, your company? As if there isn't enough stress and uncertainty in a merger process, there is an additional hurdle for credit unions to clear. Will this voting down of a merger become more common? Are you in the right place? Do you have the right talent to grow your company? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #banking #banks #creditunions #creditunion #career #careerplan #jobsearch #job #growth

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Interested in growing? Step 1 is to have a plan. Let's talk about what's important and the different strategies you can leverage.

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Disbursing a loan is easy. Not always. You'd be surprised at the errors we see during liquidation or in loan reviews. Check out Lori's blog and tips for documenting your disbursements.

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"Delinquency ratios for nonowner-occupied CRE loans were lower than those for owner-occupied loans at banks smaller than $10 billion in assets in the first quarter, while delinquency ratios in the two categories were similar at banks between $10 billion and $100 billion in assets." "Among banks larger than $100 billion in assets, however, nonowner-occupied loans fared far worse, with a delinquency ratio of 4.41% at March 31, compared to 0.98% for owner-occupied properties." "The NCO rate for nonowner-occupied CRE loans was also worse at banks with more than $100 billion in assets, standing at 1.13% during the first quarter, though it was down 26 basis points from a quarter earlier."

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Residential building activity is up over last year but commercial is behind. Read the article below. Good article by SiouxFalls.Business. I’d recommend following if you want to stay in the know. #siouxfallsbuilding #sdmortgagelender

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Ready to unlock the full potential of your credit union’s data? 🚀 With CULytics Consulting, you’ll have a dedicated team of experts guiding you through every digital challenge. We’ll help you streamline your data strategies and drive measurable impact. Now is the time to transform your credit union’s future! 💡 Contact us at [email protected] to get started. #DataTransformation #CreditUnionSuccess #CULytics

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Check out these insights on the current economic trends.

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So You're a CAMEL Code 3 - Now What? New episode of "With Flying Colors" podcast: In this discussion, we break down what it means when a credit union receives a CAMEL 3 rating. Key takeaways: • Recent trends in CAMEL 3 ratings • How NCUA supervision changes • Practical advice for credit unions Listen to the entire episode at our website or on whatever APP you enjoy your podcasts. First comment below has link to the full episode. Are you dealing with an NCUA issue? Reach out to learn how we can help. #CreditUnions #NCUA #RegulatoryCompliance #FinancialServices

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I would have thought the average loan amounts would be larger, due to the home prices and loan limits increases over 2024. We love Loan Officers that are closing 40+ units in a 12 month period. Very interesting chart Dale Larson III

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At Heartland Bank, we understand that running a successful business requires more than just passion and hard work—it takes financial solutions tailored to your unique needs. That's why we're here to offer superior business banking options that help you grow, streamline operations, and make your financial goals a reality. Whether you're looking for: ✅ Flexible business loans ✅ Cash management services ✅ Customized financial advice ✅ Secure digital banking solutions We’ve got you covered. Let's talk about how our personalized approach can help your business thrive in today’s competitive market. 💬 Reach out today to learn more about our business banking services and how Heartland Bank can support your success! #BusinessBanking #SmallBusiness #HeartlandBank #FinancialGrowth #Entrepreneurship #BusinessSuccess

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There’s never been a better time to lower your mortgage payments. Call me today to start saving with a refi.

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It is often easier to obtain financing for purchasing an existing business, especially if that business has an established customer base and proven track record. Our business acquisition loans are a great option for clients looking to purchase their first business or expand an existing company. Reach out today to discuss how Dogwood State Bank Small Business Lending can help!

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USDA-Loan-Apply-Today Frequently Asked Questions Are only first-time homebuyers eligible? No, you do not have to be a first time home buyer. The USDA Loan program has no restrictions that prevent previous homeowners from using the program. What is the maximum amount that I can borrow? There isn’t a limit to the amount a homeowner can borrow How much are the closing costs for a USDA mortgage? Closing costs vary from lender to lender and state to state. The charges from the USDA are a Guarantee fee of 1% of the loan amount. Additionally, there is a monthly mortgage insurance factor of .35% of the principal balance. Can closing costs be financed into a USDA Loan? Yes! The USDA home loan has the ability to finance closing costs up to the appraised value or to get a 6% seller contribution to closing costs from sellers on the contract. What are USDA eligibility requirements? USDA requires that the borrower demonstrates a reasonable ability and willingness to repay the mortgage loan. USDA lenders will view your credit history, income, and assets to verify your ability to repay the mortgage. What is the USDA’s minimum credit requirement? The USDA has no minimum score required; however, most lenders require a minimum credit score of 640 or sometimes 620 to obtain financing. Exceptions can be made and you should talk to a loan specialist about this. Can you qualify for a USDA loan if your credit score is below 640? Many lenders do require a 640 minimum Fico score to be eligible for a USDA home loan, however, exceptions can be made. It is important to note that the derogatory credit is temporary in nature, beyond the applicant’s control, and the circumstances that caused the adverse credit are no longer a factor. What does the USDA require for employment eligibility? You must have established employment to be eligible for a USDA Loan. Almost all lenders will require a minimum of two years of steady employment or schooling prior to your current employment if less than 2 years. If you are self-employed, you are eligible but will be required to provide two years of federal tax returns to verify your income. Do USDA home loans have PMI? USDA mortgages do have a guarantee fee and monthly PMI. The rate for the mortgage insurance is .35% of the outstanding principal balance and the current guarantee fee is 1% of loan amount. For example, if you borrowed a full $150,000 from your lender, the guarantee fee would be $1,500, which you can finance into your mortgage. The monthly PMI would be about 44.00 dollars a month on a 151,500 loan amount. (which includes the guarantee fee of 1%) Can I get a USDA Mortgage after bankruptcy? Yes, the USDA Loan Program requires the bankruptcy to be discharged for at least 3 years for a CH 7 and at least 12 months of on time payments on a CH 13. You can be in a CH 13 currently as long as 12 months of on-time payments have been made and verified.

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"Failure is the opportunity to begin again, more intelligently." I picked this quote note from a jar at the gym this week, and it immediately took me back to the early days of Mortgage Quality Management & Research (MQMR). MQMR's first product, Bankers Performance, focused on payment reminders and surveys to borrowers during the first three months after closing. We aimed to identify early payment defaults, early payoffs, and measure customer satisfaction. But about a year in, we made the tough decision to shut it down and pivot to audit, risk, and compliance solutions, which ultimately was a smart move. Some might have called that a failure. But to me, it was a "fail forward" moment. We took the lessons learned from that experience and used them to build something much stronger and more successful today. It was an opportunity to begin again—more intelligently. The journey of growth and innovation isn’t always a straight line, and that’s okay. Sometimes, failure is just a pit stop on the way to success. How have you used failure as an opportunity to pivot and grow in your own journey? Let me know in the comments! #failforward #liveandlearn #motivationMonday

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