CDFI loan funds lose weeks to manual data work, email-driven workflows, and slow settlement every time they execute a loan sale. Thurman automates the entire operational process, so your team can handle more volume without more headcount.
The CDFI secondary loan market stalls on the cost of executing each deal, not on weak demand.
// PAIN POINT, DATA
Loan tape validation eats days before a deal even starts.
WITHOUT THURMANEvery sale begins with your loan tape. But getting it clean, validated, and in a format your buyer accepts requires multiple back-and-forth cycles. You're manually fixing data, fielding questions, and re-exporting files for days before negotiations can begin.
WITH THURMANThurman ingests your data from your LOS, CSV, or Excel and runs automated validation. Exceptions are flagged immediately. Your buyer receives a clean, standardized file without your team touching it a second time.
EXAMPLE A CDFI with a $5M portfolio export spends 2–3 days cleaning and reformatting before sending to a buyer. With Thurman, that step completes in under an hour.
// PAIN POINT, OPERATIONS
Manual workflows slow every deal and introduce risk.
WITHOUT THURMANYou're negotiating participation agreements over email, tracking deal status in spreadsheets, and manually generating closing documents. Every step is error-prone and hard to hand off. One person leaving your team can stall a deal mid-close.
WITH THURMANThurman tracks deal status and keeps all counterparty communication structured and auditable via API, your team approves decisions, and Thurman handles the execution, without anyone managing spreadsheets by hand.
EXAMPLE A CDFI managing loan sales for multiple partner funds tracks every deal in a shared spreadsheet. With Thurman, each transaction has its own automated workflow and document trail, accessible via API.
// PAIN POINT, SETTLEMENT
Loan participations can take 35–40 days to close.
WITHOUT THURMANOnce terms are agreed, settlement still takes weeks. Wire coordination, signature chasing, and manual post-close reconciliation drag out every transaction. Idle capital means missed origination opportunities.
WITH THURMANThurman's settlement infrastructure compresses the close from weeks to days. Once terms are agreed, settlement processes run in near real time and deal records are updated automatically, no wire chasing, no manual reconciliation.
EXAMPLEA $3M loan participation that historically took 38 days from agreement to settlement closes in under a week using Thurman's automated workflow.
// WHAT THURMAN AUTOMATES
Thurman handles the full operational lifecycle of a loan sale, from data preparation through post-close reporting.
// USE CASE, DATA
Prepare your loan tape in minutes, not days.
WITHOUT THURMANYour team manually exports, cleans, and reformats loan data for each buyer, every time. It's time-consuming, inconsistent across counterparties, and the first thing that slows a deal down.
WITH THURMANConnect your LOS or upload a CSV/Excel file. Thurman automatically validates your data and flags exceptions so your team can resolve them quickly, delivering a clean tape to your buyer faster than manual prep ever could.
EXAMPLE A CDFI with 200 active loans uploads its monthly tape. Thurman flags 4 data inconsistencies. The team resolves them in 20 minutes. A clean tape is ready for buyer review immediately.
// USE CASE, DOCUMENTS
Keep every deal's documents and terms in one place.
WITHOUT THURMANParticipation agreements and closing documents live in email threads and shared drives. Tracking what version was agreed to, by whom, and when is a manual process that creates risk at every stage.
WITH THURMANThurman stores transaction documents in secure cloud storage and records a cryptographic hash of each document, so you always have a verifiable, tamper-evident record of what was agreed. Deal terms are tracked throughout the lifecycle, no spreadsheet required.
EXAMPLEA CDFI and its bank buyer finalize an MLPA. The document is stored in Thurman, and its hash is recorded, giving both parties a permanent, verifiable record. When the bank's compliance team asks for it six months later, it's there.
// USE CASE, SETTLEMENT
Settle in days, not weeks.
WITHOUT THURMANAfter terms are agreed, the settlement still drags out to 35–40 days. Wire transfers, manual reconciliation, and post-close paperwork consume your team's bandwidth while capital sits idle.
WITH THURMANThurman's settlement infrastructure automates the close. Payment is processed, ownership records are updated, and post-close records are confirmed immediately after settlement completes, no manual reconciliation required.
EXAMPLE A CDFI agrees to sell a $2M loan participation on Monday. By the following Tuesday, the settlement is complete, and the capital is back in the fund.
// USE CASE, REPORTING
Post-close records and reporting, without the manual effort.
WITHOUT THURMANAfter every sale, your team manually produces reports for your CDFI Fund Manager, auditors, and bank buyers. It's a heavy burden on a lean team after every single transaction.
WITH THURMANThurman tracks and stores all post-close records for every transaction, ownership transfers, payment history, and deal terms. Your team can pull what you need when auditors or bank buyers ask for it, without rebuilding it from scratch.
EXAMPLEAfter a transaction closes, the CDFI retrieves the deal record from Thurman: loan sale summary, ownership transfer confirmation, and the stored transaction documents, ready for their files and their buyer's compliance team.
$450Bin CDFI loan assets
35–40 days → dayswith Thurman
~80%Estimated reduction in manual reporting work
$87Bgap in small business loans under $100K
Ready to automate your loan sale workflow?
Join the CDFI loan funds already on the Thurman waitlist. We're onboarding founding partners now.