Podcasts about mbfs

Welcome to this episode of Credit Union Conversations with Mark Ritter, where we delve into the strategies that set credit unions apart in a competitive financial landscape. Today, Mark is joined by Bill McKenna from McKenna Marketing, who brings a wealth of experience from the advertising industry to the credit union space. Together, they explore the critical importance of building strong, core relationships with members, ensuring they feel valued and connected to their credit union. This connection is essential to prevent members from seeking alternatives and to maintain their loyalty. Bill shares actionable insights on branding, the challenges credit unions face in attracting and retaining members, and the evolving needs of the credit union community. Tune in as they discuss how a well-executed vision and a focus on member relationships can propel credit unions to the forefront of the industry.IN THIS EPISODE:[0:24] Mark invites the listener to check out MBFS, which is an a la carte service provider[1:22] Mark introduces Bill, and he shares his journey from the advertising business to the credit union space[6:22] Bill describes what McKenna Marketing does, and Mark and Bill discuss the evolving credit union from days gone by[10:29] Bill discusses four topics that will remove obstacles and make way for the growth of your credit union, and they discuss which credit unions need deposits and not loans[15:37] Bill outlines the problems credit unions are having in attracting new members and keeping the members they currently have[19:20] Discussion surrounding competition and rising to the top of the competition[25:04 Discussion surrounding the sales and service culture and the benefit of face-to-face consultationsKEY TAKEAWAYS: The branding of your credit union is critical for recognition to your communityA credit union must have a vision of where they are going, understand what opportunity looks like, and determine whether it can be a reality. Then, you must execute those ideasBuilding a relationship with members is the most essential thing a credit union can do. People want to know that you care about what's important to them, so create value in your marketing messageRESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInMeKenna Marketing - WebsiteBill McKenna - LinkedInBIOGRAPHY: My passion is to learn more about you and your companies' goals. I'm passionate about building relationships, starting conversations, sharing ideas, and adding value to your organization. I've learned first-hand that no one person has all the answers. I'll learn from you first then we will combine our knowledge, experiences and expertise with the right partners to magnify opportunities, empower growth, and achieve results.I've had the privilege of working with more than 500 credit unions and community banks nationwide on marketing and growth strategies. I don't know everything, but I've seen first-hand what works, and what does not. Every partner I've chosen to be part of McKenna Marketing Network brings a wealth of expertise, experience, vision and insights. It's not one size fits all - It's about identifying what works for you. My roles have including Art Director, Creative Director, and Vice President of Marketing and New Business Development for several marketing and advertising agencies located in New York, New Jersey, and Pennsylvania.I'm the former President

Send us a textNews flash: Every credit union does not have to use NCUA's National Credit Union Share Insurance Fund.Repeat: does not.Alas, federally chartered credit unions have no choice but to use NCUA's insurance product. But state chartered institutions do have a choice.Meet Theresa Mason, CEO of American Share Insurance which provides primary share insurance to around 100 state chartered credit unions in 10 states and it also provides excess share insurance to cover accounts up to $5 million and that's a product NCUA doesn't offer.American Share Insurance's Excess Share insurance subsidiary also is the insurer for the Military Banking Facilities aka Community Bank that now are operated by Navy Federal. NCUA said it couldn't insure this because the National Credit Union Act prohibits coverage of non credit union assets.The MBF operates 60 MBFs and 272 ATMs at DoD facilities overseas.  In the show Mason relates how her company scrambled to put together the needed coverage - it's a good story of innovation on the fly.Mason, in the show, talks about plans to expand American Share Insurance's footprint into more states.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

How does Julie get one of the most laid-back CEOs to organize the company and get the team focused? Find out when Julie and one of her most difficult engagements discuss the EOS process and benefits. IN THIS EPISODE:[0:26] Mark describes how Julie has been a catalyst for MBFS[3:22] Julie shares her background that has brought her to the position she holds today[5:36] Julie defines EOS (Entrepreneurial Operating System) and outlines the tools: Vision, Traction, Healthy and she describes the type of companies she works with. Mark describes his need for these services[9:13] Julie describes the types of issues companies are experiencing, and she discusses delegation and leadership[13:46] Julie shares how she approaches an established CEO[16:40] Discussion about the traction component and the correct approach to vision creation and problem-solving[23:51] Julie shares personal information about her life KEY TAKEAWAYS: EOS focuses on Vision, Traction and a Healthy environment for your businessWe live in a 90-day world, so leaders should meet every 90 days to ensure everyone is clear on the vision and analyze how the last quarter met those goals. An organization should set priorities for the next 90 days to ensure progress toward achieving the one-year plan, the three-year goal, and the ten-year targetEOS is a program that teaches leaders to create leaders and ultimately makes everyone in the organization responsible for some portion of the vision you have for your businessRESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInEOS - WebsiteJulie Markee - LinkedInJulie's Chicken BlogBIOGRAPHY: Julie Markee is a lifelong entrepreneur who started her first business at 12 when she was the go-to swimming instructor in her neighborhood. She graduated from the University of Washington with a degree in Chemical Engineering and began her career as a process engineer. While her engineering mind allows her to find the quickest path to achieve the desired results intuitively, her real magic is her excellent communication skills that help others see the path and dare to follow along with her. What's behind that magic? Her passion for people and her desire to help them reach their full potential. Julie is now an EOS implementer for companies nationwide--including MBFS.

What type of impact does credit union advocacy make? How important is it to the success of credit unions? Mark and Samantha Beeler of LSCU talk about everything that goes on at our trade associations outside of the conferences we attend. Also, what is the future of trade associations for credit unions?IN THIS EPISODE:[0:25] Mark provides information about the services of MBFS and how he began his position at a credit union[2:32] Samantha shares her background, what brought her to her current position and an overview of the LSCU[5:59] Samantha discusses how LSCU is an advocate for credit unions and how they lobby lawmakers about what credit unions are doing in their communities[8:30] Discussion surrounding the familiarity of senators and members of Congress with the credit union space and how to take that sentiment and turn it into policy, and the differences between the accessibility of state and federal officials[13:10] Discussion of topics the LSCU is currently fighting for[17:28] Discussion of why LSCU is thriving and ways for Credit Unions to benefit from the LSCU without attending a conference[23:43] Samantha talks about becoming a partner with the National Trade Association KEY TAKEAWAYS: LSCU represents the credit unions in Florida, Georgia and AlabamaThe Foundation is well known in the region because it helps with disaster response and professional development. The LSCU assists credit unions through a for-profit solution, advocacy or foundation solutionLSCU is rolling out a program called Communities over a Connect platform, a free way for credit unions to gatherRESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInSamantha Beeler - LinkedInSamantha Beeler - NewsletterBIOGRAPHY: Samantha Beeler is the President of the League of Southeastern Credit Unions (LSCU), the trade association for Georgia, Florida, and Alabama credit unions. She began her credit union journey at the Northwest Credit Union Association before transitioning to LSCU as its leader.

Today, Mark Ritter shares his insights on the state of credit unions and strategies for running a successful credit union. He discusses the challenges and benefits of working remotely and emphasizes building strong community relationships. Mark also offers his perspective on whether attending all available conferences is wise. His comprehensive analysis aims to guide credit union leaders toward sustainable success.IN THIS EPISODE:[0:24] Mark gives an update on his life and MBFS, and discusses working remotely for himself and how other businesses manage to work remotely[5:02] Mark invites the listeners to reach out to mritter@mbfs.org with topics and guest suggestions for future podcasts [9:04] How MBFS can help Credit unions who are struggling as a neutral third party, and Mark discusses working with Inclusive, a National Trade Association of Community Development Credit Unions[11:06] Mark discusses the need for SBA loans, and he advises making lasting relationships to ensure success in the credit union space and seeking out the 95% who are not using a credit union[17:15] Mark discusses being on the road going to conferences and his desire to see conferences educate the attendees and discuss topics to problem-solve issues[21:36] Mark wants to provide value to credit unions, and he appreciates you, the listenerKEY TAKEAWAYS: Mark is interested in providing content through his podcast that listeners want to hear, so if a listener has a suggestion for a topic or a guest, contact Mark.Credit unions will be successful if they work hard to build relationships. Don't rely on a large commercial loan to sustain you; instead, focus on the community, build relationships, and reach 95% of those not using credit union services.Conferences have become very expensive. It would be helpful to have more conferences that deal with the issues and problems a credit union faces rather than hear motivational speakers. RESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedIn

MBFS and Miri have had an amazing journey together, and I'm thrilled to chat with her today. Tune in as she shares her extensive expertise in marketing and brand development. Miri also offers a unique take on AI and social media platforms. I hope you enjoy this episode of Credit Union Conversations.IN THIS EPISODE:[2:22] Miri describes how Cowe Communications has evolved over the past nine years[5:18] How do you tell if you are selecting the correct marketing firm to assist you in business, and what questions to ask[10:01] How AI will be a game changer in the industry[16:06] Miri advises when non-creatives throw their personal preferences on overall business strategies without knowing what media their target audience consumes[20:09] Mark asks what media that was effective 10 to 15 years ago isn't working and the benefit of the LinkedIn platform if done properly[31:15] Discussion about TikTokKEY TAKEAWAYS: If someone solicits your business, ask them about their experience in your industryA marketing firm's goals should align with your goals and vision; if they haven't asked about your goals, this is not the company for youAI is an excellent tool for some applications; however, it lacks the personal relationship aspect for long-term ventures. It works well for suggesting ideas, but it takes a human to craft the best productRESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInMiri Rossitto - LinkedInMiri Rossitto - EmailCowe - WebsiteBIOGRAPHY:Miri Rossitto is the current CEO of Cowe Communications, a business and brand development firm specializing in strategic communications. Headquartered in Calabasas, California, Cowe's dynamic in-house team partners with companies and organizations of all sizes to help make them more efficient, wildly memorable, and significantly successful.

On this episode of the Deal Farm®, Kevin and Ken speak with Mark Ritter, CEO of MBFS to discuss an unbelievably untapped market for investor loans - Credit Unions!  Most investors have no idea the potential to obtain financing on their next investment property!  Tune in to get the scoop!

What has changed since MBFS started working with Weidenhammer? Basically everything. Jody and Mark make sense of the coming AI revolution and what we should be worried about these days with security.IN THIS EPISODE:[2:00] Jody shares his background and professional career path[6:06] Jody explains how Weidenhammer is different than other tech firms and the evolution of AI[11:46] Discussion of the limitations and accuracy of Chat GPT and whether systems like this will remain free to the user[19:10] Good uses of AI, security, and what causes security breaches[26:28] How working from home has impacted the security world[28:22] What does Jody see happening around AI in the next five yearsKEY TAKEAWAYS: Although the general public believes that AI and systems like Chat GPT are new creations, they have been running in the background for a long time.AI is an extremely expensive process, much more than a typical search engine, and companies will need to devise a way to recover that activity. Machine learning will make jobs more manageable in the future because it will absorb the mundane aspects of the job, giving more time for creative thinking. RESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInWeidenhammer WebsiteJody Pillard LinkedInBIOGRAPHY:Jody Pillard is the Chief Revenue Officer at Weidenhammer, a longtime MBFS partner. He likes to say that he helps IT folks have less stress, more time, and more recognition for their hard work.

Join us as Mark Ritter, CEO of MBFS and Nu Direction Lending, sheds light on unlocking real estate opportunities with credit unions. With expertise in credit union and small business lending, Mark's organizations aim to empower credit unions to fund more loans for real estate investors and small business owners.From starting Members 1st Federal Credit Union's business lending program to leading MBFS, Mark has revolutionized credit union lending, increasing revenue and ensuring positive cash flow. Show Highlights:✅01:45 – Who is Mark?✅07:57 – Portfolio companies✅15:20 – Real estate strategies✅23:34 – Real estate financing✅30:54 – Investor perspective✅36:42 – Final thoughts

Craig and Mark talk about the old days of commercial lending in credit unions and how the dynamics between CUSO and CU's have changed over the years. They also review the best practices in utilizing third parties to assist your lending operations. IN THIS EPISODE:[0:24] Mark discusses what MBFS does and how it can assist credit unions.[2:17] Craig describes his background and professional history. [3:28] Discussion of the history of CUSOs and how they have developed over the years.[6:04] Credit Unions require specialized guidance across various domains, relying on individuals who excel in specific areas rather than expecting one person to have expertise in all areas. [8:20] Benefits of having relationship managers and problems that arise when you don't. [11:13] The advantage of third-party oversight who goes in and out when needed is that they can assist a credit union better and faster in reaching goals.[13:57] Craig shares the history of guiding credit unions and members through difficult economic years to the advantage of both parties and how annual reviews can prevent issues. [19:36] How a CUSO builds scale and neutrality, why examining policies once in a while is helpful and reaching out for non-judgmental help is wise.KEY TAKEAWAYS: CUSOs are specialized and have experts in many different areas that can speak specifically to originations, credit, closing of loans, portfolio management, SBA loans, etc., to ensure credit union partners receive the expertise necessary for the specific portion of their credit union that needs the assistance.It's hard to build relationships, but if you have worked with a borrower frequently, you know they will bring you a quality loan and have the financial wherewithal to back up their requests. If it's an SBA loan, you know they understand the intricacies of the paperwork involved. Don't be embarrassed if you need some temporary help. Loans can go sideways. There is help available, and it is nonjudgmental. RESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInBIOGRAPHY: Craig Page is the Chief Revenue Officer at MBFS. He joined MBFS after a long career of successfully leading CUSOs and as an executive in commercial real estate financing.

Credit Union Conversations: The Role of MBFS in Strengthening Credit Unions and Business LendingIn this episode of with flying colors, host Mark Treichel speaks with Mark Ritter, CEO of Member Business Financial Services (MBFS). Ritter sheds light on his journey in the industry, starting from establishing a business lending program at a Central Pennsylvania Credit Union, which grew into one of the top ten in the nation. He shares the challenges and learning incidents related to commercial lending from his extensive experience. MBFS has made a significant impact by helping countless credit union members get the financing they need for business and investment. Ritter underscores the importance of relationship-building, focusing on diverse portfolio strategies, and the advantages of collaboration in the industry. He also encourages credit unions to leverage programs like the SBA lending for their growth.00:00 Introduction and Guest Background03:13 The Journey of Commercial Loans in Credit Unions18:32 The Role of QSOs in Credit Unions20:38 Future of Commercial Lending in Credit Unions24:43 Closing Remarks and Contact Informationhttps://www.mbfs.org/strategic-partners.phphttps://markritter.com/podcasts/

Where has the time gone? Mark and Jeff look back at what they said a year ago to see how accurate their predictions were. They also take a look at how 2023 played out, both good and bad and what CUs should be doing to plan for the future.IN THIS EPISODE:[1:40] Jeff shares his duties and responsibilities at MBFS. [2:00] Mark and Jeff discuss how things shifted in 2023. The hope is things will stabilize in 2024, but most likely will not improve. [5:55] Discussion regarding credit quality and dealing with delinquency rising into 2024 if credit unions don't take a proactive approach. [11:06] SBA loans will benefit credit unions. Credit unions should become familiar with these government-backed loans even though they are somewhat more time-consuming. [13:53] Discussion about how a credit union deals with higher interest rates impacting profitability. [17:01] What does the future hold in 2024, and why planning and communication are essential. KEY TAKEAWAYS: Planning for the possible ups and downs in the foreseeable future is critical. Communication with staff, members, and clients is essential to the planning for 2024. Good credit quality is necessary to maintain successful lending. However,  long before it becomes an issue that is difficult to deal with, delinquency is part of the process and should be addressed. Again, communication is key.Loans enjoying a low interest rate will be coming due, and refinancing those loans will create a hardship for the borrower. Higher interest rates have already impacted the housing market.RESOURCE LINKSMark Ritter WebsiteMark Ritter LinkedInBIOGRAPHY: Jeff Lyons is the COO of MBFS. In his role, he currently oversees the credit, loan originations, and SBA loan functions. Jeff has a long career in banking and a small business owner. 

How do we REALLY do as an industry? In today's solo episode, Mark looks at the principles of the credit union industry and grades each area to see where we excel and where we can improve.IN THIS EPISODE:[01:19] Mark will evaluate how credit unions are doing. [03:43] Voluntary and open membership gets an A+. [06:18] Democratic member control gets a D. [09:37] Member economic participation gets an A. [12:52] Autonomy and independence get a B. [16:14] Education, training, and information get an A+. [18:09] Cooperation among cooperatives get B+. [21:40] Concern for the community gets an Incomplete. [24:34] Diversity, equity and inclusion get a B-.KEY TAKEAWAYS: In the past, you had to be an employee of a particular business to join their credit union. Today there is open membership which allows for competition and better options.Outside influences influence a credit union. Previously, a car loan was obtained from your local credit union. Now the dealership does the loan.The cooperation between credit unions and other organizations like MBFS is a positive for the industry.RESOURCE LINKSMark Ritter Website

To access a FREE collection of resources, go to www.TheMaverickVault.com    Today's episode features Mark Ritter unraveling the secrets to obtaining superior loans through credit unions designed to align with your financial objectives. Dive in as he imparts valuable knowledge and sheds light on the unique benefits it can offer for your borrowing needs. Don't miss this opportunity to gain essential insights to propel you toward achieving your financial goals.     Key Takeaways From This Episode Credit Unions: Its nature and how it offers diverse lending solutions Current landscape of commercial real estate financing The complexities in dealing with loan defaults and property value changes Why it's crucial to have stability of interest rates in financial institutions     References/Links Mentioned Freakonomics by Steven D. Levitt and Stephen J Dubner | Kindle, Paperback, and Hardcover     About Mark Ritter Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.   In 2002, Mark launched Members 1st Federal Credit Union's business lending program from scratch, growing it into a top-ten program nationally. In 2012, he became the CEO of a struggling business lending CUSO, which had seen five CEOs in as many years and consistent financial losses. Under Mark's leadership at MBFS, the CUSO expanded its services to over ten times the number of credit unions, increased revenue tenfold, and maintained positive cash flow throughout his tenure. MBFS has played a crucial role in assisting numerous credit union members in securing financing for their business and investment needs. Mark, originally from Berwick, PA, where he was part of a high school football team with national and state championships, later worked full-time as a student assistant for the Penn State Nittany Lions while pursuing his undergraduate degree during Penn State's transition to the Big Ten. Mark continues to support Penn State and currently resides in Sullivan County, PA, with his wife and two teenagers.     Connect with Mark Website: Mark Ritter LinkedIn: Mark Ritter Are you a passive real estate investor seeking financial freedom? Almost daily, new headlines break on the latest financial market upset. Now is the time to get educated on how to strategically invest in commercial real estate for long-term financial freedom. Grab your copy of “How to Passively Invest in a Changing Economic Environment” Go to…www.MavericksInvest.com    Want to keep up to date on the commercial real estate market, trends, investing tips and know what Neil is buying right now? Connect with him at Legacy Impact Investors, and be sure to register for his newsletter.    Connect with Neil Timmins on LinkedIn. If there is a topic you want to know more about or a guest that you would like to see on the show, shoot Neil a message on LinkedIn.      About Neil Timmins Neil is a commercial real estate syndicator, published author, and podcast host.   Neil's entry point into the Real Estate industry came after a few short years in banking. Recognized by the Wall Street Journal as a Top 100 team and the #1 REMAX agent in Iowa by the age of 29, Neil had solidified his role as a force in the industry.   Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive.   Neil, however, didn't go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow.   Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and this successful podcast.   Neil and his wife, Emily, are the proud parents of three active teenagers. Those who know Neil say he is a competitor by nature, whether for the biggest fish on a deep-sea fishing trip, the best ribs at a barbeque, or playing football back in his day at his alma mater, the University of Nebraska at Omaha as a Maverick. Neil is always up for travel, spending time on the water, and of course, meeting people interested in learning about and investing in commercial properties.   Click here to see video of the podcast. 

Your portfolio is clean now, and "everyone is paying." Good loans sometimes go bad, and it will undoubtedly happen to your portfolio at some point. Craig and Mark talk about the history lessons of the Great Recession and how to tackle your portfolio in the future when bumps in the road happen.IN THIS EPISODE:[02:58] Craig shares his background and history working in the financial industry.[04:57] Craig reflects on the recession when they had many coastal properties and being aware of the warning signs.[07:03] During the recession, there was a lack of awareness that the market wouldn't bounce back in a few months.[11:02] Many people feel that real estate only goes up, and Craig also points out that commercial property still has many vacancies.[15:12] Craig shares his feelings on commercial real estate, and his biggest concern is office space.[17:47] The red flags of not paying property taxes and deferred maintenance.[21:07] Craig explains how he would approach delinquency with a commercial property.KEY TAKEAWAYS: During the recession, borrowers were unwilling to admit they were having problems. When visiting with a borrower about a delinquency, make sure you know the laws governing the situation.Lenders must be proactive in annual reviews to ensure all is well with their properties and borrowers.Three red flags that a property owner may be in trouble are them not paying their property taxes, property insurance and deferred maintenance.RESOURCE LINKS:Mark Ritter WebsiteMBFS - WebsiteMark Ritter - LinkedInCraig Page - LinkedInBIOGRAPHY: Craig Page is the Chief Revenue Officer at MBFS. After a long career as the CEO of two business lending CUSOs, Craig joined MBFS to lead the national loan originations at the CUSO, along with helping guide the strategic direction of the organization.

Join Nick Lamagna on The A Game Podcast with his guest Mark Ritter, an athlete, entrepreneur and funding phenom fighting out of Pennsylvania who is the CEO of MBFS and an expert in credit unions and business lending. Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation. In 2012, he took on the challenge of being the CEO of a business lending CUSO.  Mark increased the number of credit unions the CUSO services by over 10x, grew the revenue by 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs.  He runs Nu Direction lending and specializes in all things credit unions, small business lending and getting funding for people in various situations they may struggle getting from conventional bank lending.  Listen to the full episode for lots of amazing funding advice and tips from the lenders side of the table to help you get more money! Topics for this episode include: ✅ What to watch out for when building business credit ✅ Do credit unions only lend based on credit ✅ What are the banks scared of in this market ✅ What should you be looking for in your loan documents ✅ How to get approved for more loans ✅ Top mistakes investor make when getting a loan ✅ How investors can protect themselves from a market crash  + More! See the show notes to connect with all things Mark! Connect with Mark: Mark Ritter on LinkedIn www.mbfs.org mritter@mbfs.org --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Embark on an enlightening exploration of real estate investment loans with our special guest, Mark Ritter. As the CEO of MBFS, a company that aids Credit Unions in providing and managing these loans, Mark brings his two-decade wealth of knowledge and experience into our discussion. Get a glimpse into the world of facilitating over $400 million of loans annually, learn about the diversity of loan types, and unlock the potential of credit union collaboration. With Mark's advice on personal growth and his passion for impacting small towns, this episode is a smorgasbord of lessons and takeaways. Tune in and let the chronicles of the past inspire your future in real estate investing.Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation.In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 10x, grew the revenue by 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs.Mark is a native of Berwick, PA, in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergrad. During this time, Penn State transitioned to the Big Ten, which culminated in Penn State's first Big Ten Championship and a trip to the Rose Bowl. Mark remains an avid Penn State supporter. Today Mark lives in the mountains of Sullivan County, PA, with his wife and two teenagers.Learn more about Mark:Website: https://markritter.com/LinkedIn: https://www.linkedin.com/in/markrittermbfs/Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

It's time to take a walk down memory lane and review the wackiest and wildest loan program ever: the Paycheck Protection Program. Omar Shute of DFTC and Jeff Lyons of MBFS joined us for a topic that we couldn't fit into just one episode.IN THIS EPISODE:[00:31] Mark gives an overview of Part One.[01:35] The expectation of how long the PPP loans would last. [03:36] Jeff describes the second round of PPP loans, and Omar shares his view of Part Two of PPP loans and how technology assisted the process. [11:22] Jeff and Mark talk about the eligibility for the second round of PPP loans. [18:23] Jeff reflects on how business owners admittedly stated they didn't need the money, but it was free. [20:37] Omar suggests which industries should have received the money, and Jeff talks about the forgiveness process. [26:50] What worked well on the PPP and what didn't work. KEY TAKEAWAYS: The PPP Loan Round One wasted a lot of taxpayer dollars.By the time Round Two of PPP Loans began, institutions could make more money because they had worked out the kinks they experienced in Round One.The PPP loans are responsible for the inflation we have today.RESOURCE LINKS:Mark Ritter WebsiteDFTC Inc. WebsiteBIOGRAPHY: Omar Shute is the Senior Vice President of Commercial Services at Development Finance Training and Consulting Inc. (DFTC). In this role, he oversees commercial underwriting and participates in all the related suites of services offered by DFTC. Omar has 20 years of commercial lending experience, and his career background encompasses commercial loan origination, relationship management, commercial loan underwriting, credit administration, commercial portfolio management, policy generation, and senior leadership experience, including working with boards of directors.

It's time to take a walk down memory lane and review the wackiest and wildest loan program ever: the Paycheck Protection Program. Omar Shute of DFTC and Jeff Lyons of MBFS joined us for a topic that we couldn't fit into just one episode.IN THIS EPISODE:[02:31] Jeff and Omar introduce themselves and share their responsibilities at their respective firms. [04:24] Jeff's view of the history of PPP loans and Omar reflects on the beginning phase of PPP loans. [08:12] Mark remembers the chaos, Jeff shares his perspective and Omar talks about rules changing three times a day. [13:34] Mark and Jeff speak about the bad actors, fraud and loan farms. [19:31] Omar reflects on how the credit union prevented fraud. [21:33] Mark tells about the largest fraud case. [26:07] Jeff and Omar discuss the systems in place to make the program work. KEY TAKEAWAYS: The PPP loan program was vulnerable from the start because it was rushed, and there were no clear guidelines.The government was just asking for fraud because the regulations were so loose, and unfortunately, FinTech wasn't doing its job.The credit unions stepped up and did what was necessary to care for customers while protecting the taxpayer.RESOURCE LINKSMark Ritter WebsiteBIOGRAPHY: Omar Shute is the Senior Vice President of Commercial Services at Development Finance Training and Consulting Inc. (DFTC). In this role, he oversees commercial underwriting and participates on all the related suite of services offered by DFTC. Omar has 20 years of commercial lending experience and his career background encompasses commercial loan origination, relationship management, commercial loan underwriting, credit administration, commercial portfolio management, policy generation, and senior leadership experience including working with boards of directors.

For further information go to: www.jenniferjhammond.com Mark Ritter Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership. In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation. In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by , and 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. Mark is a native of Berwick, PA in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergrad. During this time Penn State transitioned to the Big Ten and culminated in Penn State's first Big Ten Championship and a trip to the Rose Bowl. Mark remains an avid Penn State supporter. Today Mark lives in Bucks County, PA outside of Doylestown with his wife and two teenagers.

We all say we want to help small businesses but sometimes struggle to help growing businesses meet their cash flow demands. Mark and Pat talk about the challenges of wrapping your head around the credit culture, risk, and management of properly funding small business owners at the credit union.IN THIS EPISODE:[02:27] Pat shares his banking and credit union background. [04:08] How were people trained in the '80s to learn commercial lending from the ground up? [07:44] How did Lendovative get started, and what is the vision? [10:56] What are the statistics that support opportunities for credit unions to service small businesses? [17:07] Pat discusses the funding of small businesses and finding the middle ground of overseeing lines of credit and how meaningful the relationship between the borrower and the lender is. [25:21] Lendovative will  partner with MBFS to provide new technology to assist credit unions in their day-to-day practices. KEY TAKEAWAYS: Lendovative is a company that puts lenders and borrowers on the same page, and they can increase transparency and communication.The growth in small businesses from 2019 to today went from 31 million to 33 million.The goal of a credit union should be to have a complete relationship with a client. That is achieved by having their checking, savings, and loans all serviced by the credit union.RESOURCE LINKSMark Ritter WebsiteLendovative WebsiteBIOGRAPHY: Patrick TrueAfter a long career helping financial institutions at Jack Henry, Patrick True has transferred to become the President of Lendovative. Lendovative's mission is to support community-centered financial institutions in the United States by empowering them to enhance business-client relationships while reducing credit risk.

What's changed since the last time Kristina was on the show? A lot. Mark and Kristina talk through what it is like to analyze and decide on lending in today's "new normal."IN THIS EPISODE:[00:35] Mark explains what MBFS or Member Business Financial Services does, and Kristina explains her role at MBFS and how the company has grown since its inception. [08:19] Kristina explains the pros and cons of working from home.[13:32] Kristina discusses how the higher interest rate is impacting the lending business and how those rates are impacting the economy in general. [19:30] Kristina talks about the affordability of real estate and how the value of the real estate and its cash flow could be devalued. [21:46] Kristina believes that credit unions should get back to basics and inform, educate and give options to borrowers who may need to renew a loan. [25:28] Discussion of the lack of residential apartment units and low inventory of homes available. [28:05] Discussion of warehouse space compared to office space and shopping malls and location, location, location. KEY TAKEAWAYS: Interest rates have affected the housing market; however, a credit union is still a great place to visit to obtain financing.The necessity for office space is declining because of employees working remotely.Destination malls are still thriving; however, many malls are nearly vacant.RESOURCE LINKSMark Ritter - WebsiteBIOGRAPHY: Kristina Paulson is the AVP of Credit Services at MBFS. After a career in banking, Kristina shifted to credit unions to assist in credit analysis. Today she leads the team's credit analysis on new loans, annual reviews and portfolio management.

After talking about the boom times in the pandemic, Mark and Dustin reset about what it takes to manage the sales and strategy for a large credit union in 2023 and beyond. Mark and Dustin do quite a bit of prognostication in this episode, so we will revisit it next year to see if they are right!IN THIS EPISODE:[02:20] Dustin shares his working history through the banking field to the Credit Union industry. [07:10] Dustin tells the genesis of Clearview Federal Credit Union, where he is the VP of Lending. [09:18] Dustin talks about the differences between living in Albuquerque and the PA area. [12:53] What is the outlook for the liquidity situation in attracting deposits in 2023, and how do geographic limitations affect the Credit Union? [19:13] Dustin discusses the car lending aspect of the Credit Union. [23:53] Discussion of the home equity and mortgage markets and how homeowners may be staying in their homes just to keep the low-interest rate. [31:32] Discussion of the commercial real estate market and the challenges that exist, and Dustin reveals the message that can be sent to the marketplace. [36:37] Dustin talks about the solicitations he receives as the VP of Lending and how he screens those in or out. KEY TAKEAWAYS: Attracting depositors is more challenging than it used to be.  Credit unions need to target ways people think about their investments and develop creative ways to attract electronic deposits back into local branches.The biggest obstacle for Credit Unions is that they have local parameters fencing them in, whereas big banks and neo-banks do not.A Credit Union shouldn't tie up all their lending power to vehicles only, which can hold you captive to the ebbs and flows of the car market.RESOURCE LINKSMark Ritter - WebsiteClearview Federal Credit Union - WebsiteDustin Holmberg - LinkedInBIOGRAPHY: Dustin Holmberg is a longtime credit union executive currently the VP of Lending at Clearview FCU in western PA. In this role, he leads all consumer, business, and mortgage lending for Western PA's largest credit union. Dustin is also a board member of MBFS.

In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation. In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by , and 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. Mark is a native of Berwick, PA in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergrad. During this time Penn State transitioned to the Big Ten and culminated in Penn State's first Big Ten Championship and a trip to the Rose Bowl. Mark remains an avid Penn State supporter. Today Mark lives in Bucks County, PA outside of Doylestown with his wife and two teenagers. --- Send in a voice message: https://podcasters.spotify.com/pod/show/donald-thomas6/message Support this podcast: https://podcasters.spotify.com/pod/show/donald-thomas6/support

Acknowledging the significance of the current market environment, we present to you a recap of Episode 136 titled "The Credit Union's Investing Power" featuring our guest, Mark Ritter. In this episode, we delve into the discussion of various loan products and services to help you maximize your investments in multifamily deals and pursue other business endeavors. Let's dive right in!   WHAT YOU'LL LEARN FROM THIS EPISODE  Credit Unions: What they are and their products and services The real estate market a year ago vs. now What is the most desirable asset for lenders? Conservative ways to underwrite amid rate hikes   How your company's core values can benefit your relationship with lenders   RESOURCES/LINKS MENTIONED  Maslow's Hierarchy of Needs Mid-America Apartment Communities    ABOUT MARK RITTER A native of Berwick, PA in northeast Pennsylvania, Mark is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership. In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by, and 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs.   CONNECT WITH MARK Website: Member Business Financial Services | Mark Ritter LinkedIn: Mark Ritter   CONNECT WITH US  Email: shawn@greenbriarcg.com  Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shaw n Winslow Facebook: Shawn Winslow  

If your business is booming and you're looking to expand, chances are you're going to need access to capital. So, how hard, or easy, is it for a business owner to obtain money and resources when growing their business? My guest today is here to answer this BIG question!  Meet Mark Ritter, the CEO of MBFS, a credit union organization that specializes in providing loan services to credit unions, so they can provide crucial loans to people in their community. To say the least, Mark is the man when it comes to better understanding loans. Take a look inside the world of business assets as we discuss what you need to have in place to get approved for loans, best practices when it comes to handling your money, the ins and outs of credit unions, and how to become a member of one. We also delve into the misconception that credit unions only provide consumer-based services, how they have evolved to offer business loans, and our personal philosophy and commitment to helping small businesses grow! Did this episode spark your attention? You can learn more about Mark or loans and credit unions by going to his website! About Your Host DCA Virtual Business Support President, Denise Cagan, has been working with small businesses for over 20 years. She has served on the boards of professional organizations such as Business Leaders of Charlotte (BLOC) and the National Association of Women Business Owners Charlotte (NAWBO). Denise is also a graduate of the Goldman Sachs 10,000 Small Business Program, which is a program for small businesses that links learning to action for growth-oriented entrepreneurs.   Recognized as a facilitator, problem solver, and builder, Denise enjoys speaking to business groups about social media for small businesses and motivating remote and work-from-home (WFH) teams. She holds a Bachelor of Science in Quality Systems Management from James Madison University. With extensive experience in outsourcing solutions that provide administrative, creative, marketing, and website support, she is able to help other small businesses grow and thrive. Connect with Denise DCA Virtual Business Support website. View and listen to Podcasts with Denise Cagan. LinkedIn

What is the one system used by the majority of the 20 largest banks in the USA and MBFS? It's nCino. They are a longtime partner of MBFS, and in this episode, Will Cameron and Mark catch up on the latest nCino news and what is happening in the loan systems industry today.IN THIS EPISODE:[02:14] Will Cameron shares his job history and talks about skills veterans bring to an organization. [06:50] The growth of nCino from 150 to 1600 employees. [12:24] Will explains how the level of technology has changed and how the mindset needs to change accordingly. [16:04] The two key factors when choosing a technology investment. [19:13] Select a software system that grows with your organization. [23:39] nCino partners with organizations that have a limited number of employees through its support staff. [28:11] Why the nCino support staff is effective and how they are building intelligence into their products for both the institution and the member. KEY TAKEAWAYS: It's critical to involve the stakeholders, employees and IT personnel when shopping for a software system.Evaluation of software by cost alone is foolish. Instead, it should be viewed as an asset to grow the business.Don't automate your inefficiencies. Rethink what the right software can do for your company.RESOURCE LINKSMark Ritter WebsitenCino Website BIO:Will Cameron is the SVP of Community and Regional Banking for nCino. nCino's Bank Operating System is a comprehensive, fully-integrated bank operating system that was created by bankers, for bankers, to drive increased profitability, productivity gains, regulatory compliance, and operating transparency at all organizational levels and across all lines of business.

How can focusing on small improvements lead to exponential growth in your real estate investments? In this episode, we're joined by Mark Ritter, a seasoned investor and entrepreneur who has successfully built his real estate empire. Mark believes that success in real estate investing depends on consistent effort toward all the little pieces that lead to wins. He emphasizes the importance of cooperation and building relationships in business. Having worked in the credit union industry, he knows firsthand the value of listening to clients and solving their problems to build loyalty rather than trying to fix everything at once. Tune in and discover why having open relationships with competitors can lead to more opportunities and better outcomes for everyone involved! Mark Ritter is the CEO of MBFS and an expert in all things credit unions. MBFS is owned by 13 credit unions and works with over 90 credit unions to bring together real estate investors and their credit union partners. [00:01 - 04:40] Opening Segment • Focus on incremental improvement rather than swinging for home runs • Consistent effort towards goals leads to compounding growth The real estate investing industry [04:41 - 09:33] Coopetition and Good Relationships Key to Success in Business • Building good relationships with colleagues and competitors can lead to big wins • Coopetition model can lead to referrals and increased loyalty from clients • Understanding and open relationships with competitors can be helpful in complex transactions [09:34 - 11:10] Closing Segment • Why helping others get the best transactions is a priority Connect with Mark: Website: MBFS LinkedIn: Mark Ritter Key Quotes: "What has helped me out most throughout the years is focusing just on getting one piece of my business better, one piece of me better, and over time it just becomes exponential growth." - Mark Ritter "Every day, you either get better or worse, but you never stay the same." - Mark Ritter WANT TO LEARN MORE? Connect with me through LinkedIn. Or send me an email at sujata@luxe-cap.com Visit my website, www.luxe-cap.com, or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are you curious about how credit unions are changing the lending landscape? In this episode, Mark Ritter shares his expertise on how credit unions can benefit real estate investors. He discusses how people are starting to move back to urban areas, leading to a leveling out between major urban and suburban areas. Mark advises borrowers who anticipate stress in their portfolio to talk with their lenders before falling behind on payments and touches on the risks associated with large, single-tenant office spaces in today's remote work environment. This episode is packed full of insights into current trends and challenges facing real estate investors today. Tune in to learn how credit unions can be an excellent option for your next investment property! Mark Ritter is the CEO of MBFS and an expert in all things credit unions. MBFS is owned by 13 credit unions and works with over 90 credit unions to bring together real estate investors and their credit union partners. [00:01 - 08:37] Opening Segment • CEO of MBFS, Mark Ritter, discusses credit unions and their role in real estate investing • How credit unions prioritize relationships and offer fair, accurate, and friendly terms and conditions Being more flexible in who they can lend to and offering no prepayment penalties • Having conversations with investors to create a structure that makes sense for both parties [08:38 - 17:20] Credit Unions Shift Towards Community-Oriented Lending • Credit unions have become more broad-based and community-oriented compared to the past • How inflation has put pressure on depository financial institutions for liquidity needs • Housing continues to be tight, especially in areas where populations have boomed • Micro-level market analysis is essential when considering property acquisition or refinancing [17:21 - 25:56] Potential Risks in Commercial Real Estate Market • Urban areas are seeing a leveling out with suburban and smaller city areas • When shopping for a lender, understand their financials and liquidity position • If anticipating loan payment stress, talk to your lender face-to-face before delinquency Pay taxes first and keep lines of communication open with lenders [25:57 - 29:27] Closing Segment • Large single-tenant office spaces pose the most risk in today's market • Tenant diversity is vital in minimizing vacancy risk in commercial properties Connect with Mark: Website: MBFS LinkedIn: Mark Ritter Key Quotes: “If you're rich and have good credit and your portfolio's perfect, you can walk in anywhere and get money.” - Mark Ritter “Our success is dependent on you succeeding.” - Mark Ritter “We want to make sure that the structure and the deal makes sense for now and in the future.” - Mark Ritter WANT TO LEARN MORE? Connect with me through LinkedIn. Or send me an email at sujata@luxe-cap.com Visit my website, www.luxe-cap.com, or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

LifeBlood: We talked about credit union business loans, how banks are managing liquidity problems, how to be a good borrower and understand your lending agreements, and how small business lending is changing with Mark Ritter, CEO of MBFS, working to provide small business owners with the funding they need! Listen to learn how to effectively communicate with your lender when you run into business problems! You can learn more about Mark at MBFS.org,MarkRitter.com and LinkedIn. Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee. https://www.buymeacoffee.com/lifeblood

2022! What a year! Jeff and Mark recap the highs and lows of 2022, where the industry is at now, and what they think the future will look like. Listen in to hear the current trends, the highs and lows of the year, and what they are looking forward to in 2023!  IN THIS EPISODE:[03:00] Jeff and Mark break down the past year, the good & bad. [07:40] Credit team underwriting. [12:00] Having lending conversations with business owners. [18:12] Mark and Jeff discuss the current recession. [24:19] Jeff shares his favorite parts of 2022.  KEY TAKEAWAYS: Each year will bring highs and lows, but adjusting to them and being there for your community are key in building and maintaining those good relationships with consumers.Consistency is key throughout the highs and lows. RESOURCE LINKSMark Ritter WebsiteBIO:   Jeff Lyons is the COO of MBFS and oversees several functions at MBFS such as credit, sales, and several other operational areas. Jeff joined MBFS after several years leading business lending at a New Jersey credit union but has also been a small business owner.

More on YouTube? Check the video version on YoutubeWho is the Guest?Mark Ritter is an expert in all things credit unions and real estate investing. Mark is the CEO of Member Business Financial Services or MBFS. MBFS is a credit union-owned company providing investment real estate financing through a network of over 90 credit unions.Visit Him at: Linkedin: https://www.linkedin.com/in/markrittermbfs/Website: www.markritter.comStart taking action right NOW!Goal-setting the right way! Hesitant to make the first step towards real estate investing? Axel learned the hard way- but you DON'T have to start that way. Feel free to talk to him :)Connect with us through social! We'd love to build a community of like-minded people like YOU!

Are you a business owner looking for funding to help your company grow? Today, we asked credit union expert Mark Ritter to share what makes a credit union a critical funding source and how it can be flexible enough to deal with rising interest rates. Find out what makes someone creditworthy here!     WHAT YOU'LL LEARN FROM THIS EPISODE  Credit union: Its products and services Real estate market a year ago vs. now The most desirable asset for lenders Lender's perspective on the effects of rate hikes on lending Ways to underwrite amid rate hikes   How the company's core commitments can benefit you with lenders   RESOURCES/LINKS MENTIONED Maslow's Hierarchy of Needs Mid-America Apartment Communities  ABOUT MARK RITTER  A native of Berwick, PA in northeast Pennsylvania, Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership. In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation. In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by , and 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs.     CONNECT WITH MARK  Website: mbfs.org |  markritter.com LinkedIn: Mark Ritter     CONNECT WITH US  Email: shawn@greenbriarcg.com  Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow

Learn about credit unions and the funding systems they offer businesses in today's episode with Mark Ritter. Don't miss our discussion about what relationship-reliant credit unions are and why they are a great financing alternative for your real estate projects. So stay tuned!Key Takeaways to Listen forCredit unions: Benefits, structures, and loans availableForces that are reshaping the lending marketHow credit unions increase their borrowing baseCommon mistakes people make when applying for a loan and how to prevent themThe value of existing properties vs. brand-new constructionsResources Mentioned in This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive Investor About Mark RitterMark Ritter is an expert in all things credit union and small business lending. He is the CEO of MBFS and Nu Direction Lending, organizations owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities.  In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. After ten years as Member 1st, he took on the challenge of being the CEO of a business lending credit union service organization (CUSO). In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, increased the revenue by 15x, and ensured positive cash flow every full year he has been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for small business and real estate investment needs.  Mark is a native of Berwick, PA in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergraduate. Connect with MarkWebsite: Mark Ritter | Member Business Financial ServicesLinkedIn: Mark RitterTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GowYourShow.com and Schedule a call with Adam A. Adams

What's the reality of a work from home company and their staff? On today's episode, Mark Ritter and Ellen Thorn talk about their experiences managing a work from home staff and the reality of what it is like on a day-to-day basis. Tune in to learn more from Mark and Ellen! IN THIS EPISODE:[01:00] Ellen explains her background and current role at MBFS. [07:39] What works well when managing remote teams? [15:00] Being able to open up the applicant pool as a remote company. [22:00] Tips for managing technical needs for your remote team. [27:50] How to promote camaraderie, relationship building, and teamwork on remote teams.  KEY TAKEAWAYS: Employees tend to love the freedom and flexibility that working from home gives them, in turn making them more productive. Instead of having to hire someone who is in commuting distance, jobs can be filled by anyone from anywhere.IT can be the most challenging piece to manage for remote teamsRESOURCE LINKSMark Ritter WebsiteBIO:  Ellen Thorn is an executive at MBFS overseeing the loan operations and financial activity of MBFS. Ellen joined MBFS after a career in commercial loan servicing and has been integral to the growth of the organization.

Traditional banks are so old school. Shark Bite Biz's David Strausser chats with Mark Ritter of MBFS & Nu Direction Lending about how a community driven credit union may be in better financial interest for your business financial goals. Check out Mark Ritter's site at: https://markritter.com/ Watch us on YouTube: https://youtube.com/c/SharkBiteBiz  Make sure you visit David's article on Forbes.com: https://bit.ly/StrausserForbes Visit our NEW Merch store: https://store.sharkbitebiz.com  Join our Reddit Community: https://www.reddit.com/r/SharkBiteBiz/ Donate to our Patreon to SUPPORT this channel and get some BENEFITS and PERKS: http://patreon.com/sharkbitebiz Subscribe to the audio podcast on: http://www.SharkBiteBiz.com Find out more about the host, David Strausser: http://www.davidstrausser.com Follow David Strausser on Instagram: https://www.instagram.com/dstrausser83/ Follow us on Facebook: http://www.facebook.com/SharkBiteBiz Follow us on Twitter: http://www.twitter.com/SharkBiteBiz Listen on Apple iTunes: https://podcasts.apple.com/us/podcast/shark-bite-biz/id1522304651 Listen on Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuc2hhcmtiaXRlYml6LmNvbS9mZWVkLnhtbA Listen on Spotify: https://open.spotify.com/show/1CZh0QdNr5Nn8CD8kInMAJ Listen on Vurbl: https://vurbl.com/station/shark-bite-biz/  Listen on Stitcher: https://www.stitcher.com/podcast/shark-bite-biz Listen on iHeartRADIO: https://www.iheart.com/podcast/269-shark-bite-biz-68819872/ Intro music courtesy of Stationary Giant: https://instagram.com/stationarygiant?igshid=1mf4umgejvpgi Connect with David Strausser on LinkedIn: http://www.linkedin.com/in/DavidStrausser Produced by: Francisco Strausser: https://www.youtube.com/channel/UC82qlvfm4mXg3C3AzqPHthw Visit David Strausser @ Vision33: http://vision33.com 

Mark welcomes our newest executive, Craig Page, to MBFS as the Chief Revenue Officer. Mark and Craig talk about best practices for a national loan origination program and the good/bad of today's marketplace. They review the results from the first half of 2022 and the outlook for the second half of the year. Tune in to today's episode for some risk management tools you definitely want to be using in your portfolio. You will also be challenged to consider loans outside of your zip code.IN THIS EPISODE:[01:38] Craig shares his origin story. [03:12] Considering loans outside your own neighborhood. [06:56] Risk management tools credit unions should use in their portfolio. [09:26] Trends in the current market. [15:29] A review of 2022 so far and a look forward. [23:58]  Loan originations when times are a little more stressful. KEY TAKEAWAYS: Loans can be acquired outside of your direct perimeter now. It is important to focus on risk management.Regardless of the market, you still need to focus on the underwriting of loans and thoroughly vetting them.Research is vital in deciding whether it is smart to take out a loan or not. What doesn't initially seem like it would be a good investment, could be a great investment, and vice versa, something pretty and shiny could actually be very risky.RESOURCE LINKSMark Ritter WebsiteBIOCraig Page is the recently appointed Chief Revenue Officer at MBFS. After a lengthy career as a CUSO executive managing the risk for a large commercial real estate portfolio, Craig has joined MBFS to build out a national CRE origination and participation program. Welcome aboard Craig!

Matt deLisle joins Mark Ritter to talk about their journeys in the podcast industry and the impact it has made at MBFS. Matt's career path has led him to an industry that didn't exist when he graduated college. Now, he is a leader in the podcast guesting industry. Why does podcasting work and what makes it so effective over other mediums? Listen and find out. IN THIS EPISODE: [01:52] Matt's background and how he got into the podcast business [06:27] Matt explains the podcast industry and the benefits of using podcasts as a marketing tool [15:46] The benefit of being a guest on a podcast [20:09] Strategies used to find guests the “right” show [24:05] Information about Interview Connections KEY TAKEAWAYS: Podcasts have a more intimate feel to them than other forms of marketing because they center around conversation. Using podcasts to reach others is beneficial because you have an audience that has made the choice to listen and wants to know what you have to say. Appearing as a guest expert on another podcast for marketing purposes is beneficial because you don't have to put the work into producing it. You also have the benefit of their rapport and trust with their loyal listeners. RESOURCE LINKS Mark Ritter Website Interview Connections Website Bio: Matt deLisle is a member of the leadership team at Interview Connections. He is an expert in all things podcasting. Matt joined a fledgling company that has grown to be a leader in the podcast guesting industry.

Matt deLisle joins Mark Ritter to talk about their journeys in the podcast industry and the impact it has made at MBFS. Matt's career path has led him to an industry that didn't exist when he graduated college. Now, he is a leader in the podcast guesting industry. Why does podcasting work and what makes it so effective over other mediums? Listen and find out. IN THIS EPISODE: [01:52] Matt's background and how he got into the podcast business [06:27] Matt explains the podcast industry and the benefits of using podcasts as a marketing tool [15:46] The benefit of being a guest on a podcast [20:09] Strategies used to find guests the “right” show [24:05] Information about Interview Connections KEY TAKEAWAYS: Podcasts have a more intimate feel to them than other forms of marketing because they center around conversation. Using podcasts to reach others is beneficial because you have an audience that has made the choice to listen and wants to know what you have to say. Appearing as a guest expert on another podcast for marketing purposes is beneficial because you don't have to put the work into producing it. You also have the benefit of their rapport and trust with their loyal listeners. RESOURCE LINKS Mark Ritter Website Interview Connections Website Bio: Matt deLisle is a member of the leadership team at Interview Connections. He is an expert in all things podcasting. Matt joined a fledgling company that has grown to be a leader in the podcast guesting industry.

2022 has seen some wild swings in the financial services industry. As the world returns to in-person communication, the credit union industry is open and booming. In this episode, host Mark Ritter reviews the flourishing first half of 2022 and looks at what is to come the rest of the year. Will the second half of 2022 follow the current uptrend?? He shares insights on delinquency, interest rates, and the fundamentals of loan repayment. Mark talks about the state of credit unions, lending, and updates at MBFS.

8 Simple Steps to Change Your Business...And Change Your Life!>>>>>>>>get your free ebook HERE

On this episode, we're talking real estate loans with Mark Ritter of MBFS! Watch at YouTube.MatthewMa.com! Matt Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions to plan the delivery of services to their membership. In 2002, he started Members 1st Federal Credit Union's business lending program as "one person and a desk" with no policies, products, staff, systems or business members. This program grew to be one of the top ten in the nation. Reach out to Mark Ritter at mritter@mbfs.org Connect: LinkedIn: https://www.linkedin.com/in/markrittermbfs/ Website: https://mbfs.org/ Leave a review on iTunes and let me know what you think ! Host: Matthew Ma Matthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.

Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership. In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation. In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by , and 10x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. Mark is a native of Berwick, PA in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergrad. During this time Penn State transitioned to the Big Ten and culminated in Penn State's first Big Ten Championship and a trip to the Rose Bowl. Mark remains an avid Penn State supporter. Today Mark lives in Bucks County, PA outside of Doylestown with his wife and two teenagers.

In this episode, we talk with Mark Ritter who is the CEO of MBFS and Nu Direction Lending about the issues surrounding the financing of a business. He is an expert in all things credit union and small business lending. Both organized are owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities.In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation in the number of loans, balances outstanding, and loan participations for federal credit unions. After ten years at Members 1st, he took on the challenge of being the CEO of a business lending credit union service organization (CUSO). Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, grew the revenue by 15x, and ensured positive cash flow every full year he's been at the CUSO. More vimportantly, MBFS has helped countless credit union members gain the financing they need for small business and real estate investment needs.

In this episode, we talk with Mark Ritter who is the CEO of MBFS and Nu Direction Lending about the issues surrounding the financing of a business. He is an expert in all things credit union and small business lending. Both organized are owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities. In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation in the number of loans, balances outstanding, and loan participations for federal credit unions. After ten years at Members 1st, he took on the challenge of being the CEO of a business lending credit union service organization (CUSO). Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, grew the revenue by 15x, and ensured positive cash flow every full year he's been at the CUSO. More vimportantly, MBFS has helped countless credit union members gain the financing they need for small business and real estate investment needs.

If you finance a multifamily syndication through Fannie Mae or Freddie Mac, you're securing non-recourse debt with a fixed interest rate. But if you want to exit anytime sooner than the loan expiration date, you're going to pay a BIG penalty on the back end. So, how might we leverage credit unions to avoid these big-ticket prepayment penalties? Are there other benefits to financing real estate deals through a credit union? What's the downside? Mark Ritter is CEO of Member Business Financial Services or MBFS, a business lending credit service organization owned by credit unions for credit unions and their members. An expert in credit unions and business lending, Mark is dedicated to helping commercial real estate investors secure the financing they need. On this episode of Financial Freedom with Real Estate Investing, Mark joins cohost Garrett Lynch and me to explore the pros and cons of financing multifamily through a credit union versus traditional loans. Mark describes the credit union philosophy of people helping people, discussing how real estate investors benefit from having a personal relationship with our lender. Listen in for Mark's advice on how to approach a credit union for a loan and learn about the flexible terms and low cost of capital available if you finance your next deal through an organization like MBFS! For full episode show notes visit: http://www.themichaelblank.com/session316/

Act Locally: Using A Credit Union to Finance Your Investments. This week on The Executive Real Estate Investing Show, host Michael Holman talks with Mark Ritter. As head of MBFS, an aggregator of credit unions across the country, Mark Ritter helps bring potential real estate investors to lenders. Why credit unions? Mark thinks it's the personal touch that comes from local lenders. A credit union will often give face time to borrowers and let them know exactly what needs to happen for the loan to go through. It's this hands-on approach that gives credit unions their positive reputation over the big banks. Listen now as Mark lays out the benefits of credit unions, and how you can use a credit union to finance your real estate investments.

You can't move forward without first looking back! In today's Credit Union Conversations, Mark speaks with Jeff Lyons, COO of MBFS, about what happened in the credit union industry in 2021. Mark and Jeff discuss the most surprising statistics and major changes to the business lending portfolio. It's no surprise that COVID is still a topic of discussion and Mark and Jeff talk about how it continues to impact staffing and rising interest rates. They share their thoughts on how credit unions can thrive by focusing on repeat customers and connecting with more small businesses.

Our guest, Mark Ritter is the CEO of Member business financial services MBFS which is owned by 13 credit unions and designed to help credit unions fund more loans to real estate investors. Mark has been the CEO for nine years and grown the company to work with more than 75 credit unions. Mark joins us from Bucks County, PA where he lives with his wife and two teenagers.Main Points:What is a credit union and why are they different?Who can access a credit union?Why consider a credit union for your investment real estate loans?What are the biggest mistakes people make when shopping for a real estate investment loan?What is the process like getting a loan through a credit union?What types of financing are available?What is the market like these days for getting a real estate investment loan?Connect with Mark:www.mbfs.orgwww.nudirectionlending.com mritter@mbfs.orgmritter@nudirectionlending.com 484-832-2879 

Some credit unions are making lots of very profitable member business loans.  Most aren't.  In fact, by Mark Ritter's count, maybe 300 of the nation's credit unions are genuine players in this business. The rest are dabblers, he says.That's a shock because in the last couple years there has been a stampede of credit unions eager to get into member business lending. The reasons are obvious.  There has been an avalanche of deposits that need to be put to work.  Meantime, both the home mortgage and car loan markets are sputtering, definitely as far as credit unions go.The eyes in the credit union c-suite shift to local businesses and the question gets asked: how do we lend to them?Ritter, longtime CEO of Pennsylvania based CUSO Member Business Financial Services, which specializes in member business lending, knows the reality.About 80 credit unions are active with MBFS - 13 are owners - and they range in size from tiny to over $1 billion in assets.  Ritter pegs the MBFS sweet spot as institutions in the $300 million to $1 billion range but, he says, MBFS has no size limits, big or small.MBFS in many ways provides credit unions with turnkey service. That means they prospect for borrowers, negotiate the terms, service the loan, and do pretty much everything except provide the capital to lend.Want to know why member business lending initiatives sputter at many credit unions? Also want to know who not to hire to make those loans?Ritter has the answers in this wide ranging podcast that is a must listen for any credit union exec who wants to get into member business lending - or wants to do better at it.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.comAnd like this podcast on whatever service you use to stream it. That matters.Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto 

Mark Ritter, CEO of MBFS and Nu Direction Lending joins the podcast to share his insights on how credit unions can be a source of funding for real estate investors and small business owners. Mark discusses the advantages of using a credit union, commercial real estate lending through a credit union, and negotiating small business and commercial loans with your lender.

We're back in The Real Estate Experiment lab with another episode. This week, we have the pleasure of having Mark Ritter on board, CEO at MBFS & Nu Direction Lending. From his early days as a credit union loan officer in 2001, he has grown to become the CEO of a CUSO that serves more than 40 credit unions and provides $500 million in business loans. In his previous role as an executive, he created one of the most successful lending programs. His specialty is transforming unprofitable branches into revenue-generating machines with strategic change. Mark Ritter, steps into the lab and shows us how in addition to leveraging banks you can also leverage credit unions as an investor. Tune into this episode to learn how to leverage credit unions to acquire real estate. HIGHLIGHTS OF THE EPISODE 01:45 - Background of the guest 08:53 Approachable, Friendly Process 11:56 - The cycle of money 21:16 - Relationships in financial services 34:22 - Credit union service organization 44:42 - New direction lending 47:31 - Key takeaway KEEPING IT REAL 6:24 - How is a credit union different from a bank 17:51 - How the relationship matters with a credit union 36:34 - How does commercial lending work? 31:59 - What are the biggest mistakes people make? 39:07 - What is the biggest misconception around credit unions? 42:46 - How do I take that first step? NOTABLE QUOTES (KEY LESSONS): “What the credit unions actually do is work cooperatively. We work with about seventy-five credit unions now. So really, when you meet with your local credit union, that's nice and friendly on the corner and wants to help you, you're dealing with the power of hundreds of billions of dollars in assets to put that money to use for there. So you're getting that scale of working with a large lender, but in our community lending atmosphere.” “If you've always said I wanted to value that relationship, I want to be in that. I want to be an insider. The credit unions are a place to check out because not only are you not a customer, you're a member, and that's who the ownership of the institution is for. So we're not sitting in our ivory towers and everything that you've always said that you wanted in a financial institution. As far as that seat at the table, you can have that through a credit union.” CONNECTING WITH THE GUEST Website Other Website LinkedIn

Mark Ritter is CEO of MBFS, is a credit union owned company providing financing for real estate investors of all shapes and sizes. Mark explains what a credit union is and his personal story of how he got into the game.www.mbfs.org If you need help finding the perfect location or your ready to invest in commercial real estate, email us at podcast@leadersre.com. Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org.Connect on Facebook.Commercial Real Estate Secrets is ranked in the top 50 podcasts on real estate   

What are your options in financing your growing small business? Is taking on debt a bad idea? Or is it a smart option for getting the necessary cash to take your business to the next level? We talk financing with Mark Ritter on why credit unions are one of the best options as partners for growing businesses.  Mark is the CEO of MBFS and Nu Direction Lending. Find out more at https://nudirectionlending.com/.  Enjoy this episode? Support the podcast at Patreon.com/GoodAdvice.

In this episode of the Road to Growth podcast, we are pleased to introduce you to Mark Ritter. Mark is the CEO of MBFS and Nu Direction Lending. He is an expert in all things credit union and small business lending. Both organized are owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities.   In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation in the number of loans, balances outstanding, and loan participations for federal credit unions. After ten years at Members 1st, he took on the challenge of being the CEO of a business lending credit union service organization (CUSO). Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, grew the revenue by 15x, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for small business and real estate investment needs.   Mark is a native of Berwick, PA in northeast Pennsylvania, where he was a member of his high school's nationally ranked and state championship football team. After high school, Mark hung up his cleats to work for the Penn State Nittany Lions full-time as a student assistant while attending Penn State as an undergrad. During this time Penn State transitioned to the Big Ten and culminated in Penn State's first Big Ten Championship and a trip to the Rose Bowl. Mark remains an avid Penn State supporter. Today Mark lives in Bucks County, PA outside of Doylestown with his wife and two teenagers.   Learn more and connect with Mark Ritter by visiting him   on Website: https://nudirectionlending.com/   Be sure to follow us on Twitter: Twitter.com/to_growth on Facebook: facebook.com/Road2Growth   Subscribe to our podcast across the web: https://www.theenriquezgroup.com/blog Spotify: https://spoti.fi/2Cdmacc iTunes: https://apple.co/2F4zAcn Castbox: http://bit.ly/2F4NfQq Google Play: http://bit.ly/2TxUYQ2 Youtube: https://www.youtube.com/channel/UCKnzMRkl-PurAb32mCLCMeA?view_as=subscriber  

Are you a new or existing small business owner in need of financing to grow or maintain your company? If so, our guest will be your guide. Mark Ritter is the CEO of Member Business Financial Services (MBFS) and Nu Direction Lending. He is an expert in all things credit union and small business lending. Both organizations are owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities. In this episode Mark helps us to understand that not all financial institutions are alike, and offer better, or worse, deals for small businesses based on a variety of factors. He urges us to consider them more like you would the restaurant industry. Some restaurants provide enhanced services, but with premium pricing. Others offer quick solutions that aren't all that healthy. He urges us to take time to plan out your financial moves and understand what you really need for the fiscal health of your company. Prior to becoming CEO in 2012, Mark led the business lending program for a large credit union in Pennsylvania. In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, grew the revenue by 15x. More importantly, MBFS has helped countless credit union members gain the financing they need for small business and real estate investment needs.   Listen in! Social media handles https://www.linkedin.com/in/markrittermbfs/ https://www.linkedin.com/company/11260287/ https://www.mbfs.org/index.php …………………………………………………. Thank you to our April Sponsor: Entrepreneur's Guide to Financial Well-Being or Wayne Titus Imagine starting a long journey without a map…or even a clear idea of the obstacles ahead. That's exactly what it's like for entrepreneurs who start companies with a lot of passion, but without the financial expertise to grow and scale their businesses and create long-term wealth for their families. Wayne Titus shows you how to find a financial adviser who can help you map a better journey. In his book, The Entrepreneur's Guide to Financial Well-Being.  With the right adviser at your side, you'll have the freedom to focus on what really matters to you. Get The Entrepreneur's Guide to Financial Well-Being at Amazon.com and in the virtual bookstore on the Shock Your Potential app.  

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Mark Ritter is the CEO of MBFS and Nu Direction Lending. Mark is an expert in all things credit union and small business lending, and the organizations he leads are designed to help credit unions fund more loans to real estate investors and small business owners in their communities. In today's episode, we discuss the benefits of having a relationship and working with credit unions compared to banks when financing real estate transactions.  We also discuss Mark's insights into the current lending environment for real estate investors including interest rate and market trends, as well as the current state of the PPP loan forgiveness program and the new PPP loan program in 2021. Learn more about Mark and his work on LinkedIn or at  https://mbfs.org/  Join our Facebook group, the one-stop shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors To download The Real Estate CPA's in-depth guide to qualifying as a real estate professional visit: www.therealestatecpa.com/guide-to-qua…professional For a free consultation from The Real Estate CPA visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa/

Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending . His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.

Joe welcomes on Mark Ritter, the CEO of MBFS (Member Business Financial Services). They break down the differences between credit unions and banks, how people make mistakes in the lending process, the similarities between credit unions and restaurants, and why people don't always realize the benefits of credit unions. To connect with Mark... www.linkedin.com/in/mark-ritter-b195587/ MBFS.org   To connect with Joe... joeevangelisti.com facebook.com/jevangelisti Instagram: @theflipkingdotcom

Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with the credit unions on planning the delivery of services to their memberships. In 2002, Mark started Members 1st Federal Credit Union's business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation in the number of loans and balances outstanding for federal credit unions. In addition, Mark developed a participation program that grew to one of the top buyers and sellers of credit union business loans in the eastern United State. He has done extensive work with the branch retail staff, business lending operational and sales staff, and credit unions to educate and train them on the merits of business lending. After ten years at Members 1st, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. In the past six years at MBFS, Mark increased the number of credit unions the CUSO services by over 500%, grew the revenue by 800%, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. During this show we discuss: The biggest mistakes small businesses make when looking for financing SBA loan and the process involved How to qualify and easily secure SBA loans Choosing the best SBA loan for your business The pros and cons of SBA loans Where startups can get capital The two main types of SBA loans How to get no-money down real estate loans How SBA micro loans work When to get and not to get an SBA loan The type of loan that's MUCH better than SBA The differences between credit unions and banks Why you should consider a credit union for business loans Getting business loans with a low credit score And much more

Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. In 2002, Mark started Members 1st Federal Credit Union's business lending program as "one person and a desk" with no policies. products, staff, systems, or business members. That program grew to be one of the top ten in the nation in the number of loans and balances outstanding for federal credit unions. After ten years at Members 1st, he took on the challenge of being the CEO of a business lending cuso. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. In the past six years at MBFS, Mark increased the number of credit unions the CUSO services by over 500%, grew the revenue by 800%, and ensured positive cash flow every full year he's been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. Mark is a native of Berwick, PA in northeast Pennsylvania and a graduate of Penn State. Today Mark lives in Bucks County, PA with his wife and two teenagers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Ritter, CEO of MBFS Credit Union CUSO joins to discuss how he started his business within the credit union (defining what a “CUSO” is) and the status of business and commercial lending.Connect with Mark!484-832-2879mritter@mbfs.orgMBFS.orgIn the “Ron's Rundown” segment I'll discuss how Kevin Durant's injury this week speaks to the pressure of assessing risks in business, and the consequences of decisions. There are best practices here, so I'll share them! For more content visit themybpodcast.comPowered by The Binge Podcast Network www.onabinge.com