News

Welcome to the CLFP Blog where CLFPs in Good Standing can submit discussions and news articles.
  • Thu, May 28, 2015 9:40 AM | Reid Raykovich (Administrator)

    The Certified Lease & Finance Professional (CLFP) Foundation held its first Academy for Lease & Finance Professionals (ALFP) earlier this month.  The three-day event was hosted by Banc of California and ten individuals successfully passed the CLFP exam.  They are:

    • Déva Brooks, CLFP – Vice President, Leasing Sales Officer, First American Equipment Finance
    • Paul Burnham, CLFP – President, El Dorado Commercial Finance LLC
    • Austin Kingsley, CLFP Associate – National Account Manager, Allegiant Partners, Inc.
    • Jakeb Klein, CLFP Associate – National Account Manager, Allegiant Partners, Inc.
    • Steve Lewis, CLFP – Vice President, Baycap
    • Ryan Makris, CLFP – Sales Manager, Allegiant Partners, Inc.
    • Mark Rodeghiero, CLFP Associate – Owner, Source Finance
    • Jim Schreder, CLFP Associate – Executive Director, Danjon Capital, Inc.
    • Steven Ward, CLFP – Credit Manager, Providence Capital Funding
    • Brandon Ware, CLFP Associate – Lease Accounting Manager, Banc of California

    Allegiant Partners, Inc. now employs 11 CLFPs and 2 CLFP Associates and Ryan Makris, CLFP explained, “Since coming on with Allegiant in 2011, the expectation was always set that I would one day pursue a CLFP designation.  I’ve been very lucky to work with an organization that fosters learning at such a high level.  For me, obtaining the CLFP designation represents the commitment to further develop one’s depth of knowledge in the industry.”

     

    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 241 Certified Lease & Finance Professionals and Associates throughout the world. For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or visit www.CLFPfoundation.org.

     

  • Fri, May 15, 2015 9:32 AM | Reid Raykovich (Administrator)

    “The Certified Lease & Finance Professional (CLFP) Foundation is deeply honored to receive almost $7,000 from the NEFA’s Chris Walker Educational Fund (CWEF),” said Brian Schonfeld, CLFP President of the CLFP Board of Directors.  “As Chris was a longtime supporter of both the equipment leasing industry and the CLFP Foundation, we hope he would be pleased that such beneficial initiatives as these are being done in his name to raise the quality of the equipment leasing and financing industry as a whole.”

    Reid Raykovich, CLFP Executive Director of the CLFP Foundation stated that the Foundation is a direct beneficiary of a $4,500 grant to be used to have The Certified Lease & Finance Professionals’ Handbook professionally edited.  The Foundation will also benefit from almost $2,500 in funds awarded to individuals to be used towards their pursuit of the CLFP designation. 

    "The Chris Walker Fund was assembled to help fund exactly this type of project - an endeavor that furthers scholarship and education in equipment finance.  Chris was a strong supporter of the CLFP program and would have been proud of this award,” noted Chris Enbom, CLFP Trustee for the CWEF Fund. 

    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 230 Certified Lease & Finance Professionals throughout the world. For more information, call Reid Raykovich, CLFP at (206) 535-6281 or visit www.CLFPfoundation.org.

    The National Equipment Finance Association’s (NEFA) Chris Walker Education Fund was created shortly after Chris passed away in 2011.  It was created to allow the many NEFA Members, CLFP members, and other industry professionals make a donation to honor and continue Chris’ great service to this industry. This is the second year of grants since the formation and the amount awarded this year almost doubled due to the generous donations to the Fund.  Individuals are encouraged to apply for a grant each spring. To donate to the fund, please visit: http://www.nefassociation.org/donations/


  • Fri, April 24, 2015 2:21 PM | Reid Raykovich (Administrator)

    The Board of Directors of the Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce that three individuals who recently sat for the 8-hour CLFP exam at First American Equipment Finance passed.  They are:

    1.      Jennifer Vanegas, CLFP – Vice President

    2.      Darryl Walczak, CLFP – Assistant Vice President – Project Manager

    3.      Sandie Zhang, CLFP – Senior Credit Analyst

    “I am proud to join my colleagues who have prepared for and passed the exam and are reaping the benefits of the CLFP designation,” said Mr. Walczak.  “My colleagues and customers are impressed by the base of knowledge that we have attained, and also by the commitment it takes to earn this designation. I know that this membership will help me serve my customers at a higher level.”

    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 230 Certified Lease & Finance Professionals throughout the world. For more information, call Reid Raykovich, CLFP at (206) 535-6281 or visit www.CLFPfoundation.org.

    [ABOUT FIRST AMERICAN EQUIPMENT FINANCE]

    On May 1, 2012 First American Equipment Finance (www.faef.com) became a wholly owned subsidiary of Los Angeles, CA-based City National Bank (www.cnb.com).  First American is ranked among the largest equipment finance companies in the United States (http://www.monitor-digital.com/monitor/2014_monitor_100), and provides commercial equipment financing to the most creditworthy and sophisticated commercial borrowers in the country.  Before being acquired by City National, First American was recognized eight times on the Inc. Magazine’s 500/5000 listing of the fastest growing private companies in the United States (http://www.inc.com/profile/first-american-equipment-finance).  First American has also been recognized four times among the Best Places to Work in New York State (10-249 employees) (http://bestcompaniesny.com/index.php?option=com_content&task=view&id=51) , and most recently as one of Fortune Magazine’s 20 Great Workplaces in Financial Services (http://fortune.com/2015/02/18/20-great-workplaces-in-financial-services/), as also profiled by Great Rated (http://us.greatrated.com/first-american-equipment).


  • Sat, April 18, 2015 8:04 PM | Reid Raykovich (Administrator)

    The Board of Directors of the Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce that all four individuals who recently sat for the CLFP exam at Northland Capital Financial Services, LLC passed.  They are:

    1.      Eric Hurd, CLFP – Credit Analyst

    2.      Gabe Jarnot, CLFP – SVP Business Development

    3.      Kari Schaefer, CLFP – Lead Account Representative

    4.      Pam Spanier, CLFP – Account Manager

    After receiving the news that he had passed, Mr. Jarnot stated, ““I have been in the lease and finance business for 23 years and it has been good.  I feel it is a responsibility to continue to learn all I can about the business and industry we serve. The CLFP Foundation and designation was one of the ways to accomplish that.  My hopes are that others in our organization will be inspired to pursue the CLFP study and designation no matter how long they have been in the industry.” 

    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 227 Certified Lease & Finance Professionals throughout the world. For more information, call Reid Raykovich, CLFP at (206) 535-6281 or visit www.CLFPfoundation.org.


  • Fri, March 06, 2015 9:35 AM | Reid Raykovich (Administrator)

    The Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce the formation of The Academy for Lease & Finance Professionals (ALFP).  A new product offered by the CLFP Foundation, the ALFP is a three-day event designed to fully prepare an individual to sit for the CLFP exam.  During the first two days, all of the required sections of the CLFP exam are covered in-depth and on the third day, the exam is offered, but not mandatory.


    Brian Schonfeld, CLFP, President of the CLFP Board of Directors and Project and Information Manager at Pawnee Leasing Corporation stated, “We are very excited to announce the ALFP.  It is the result of a lot of hard work by both our Executive Director and Board of Directors and we believe this to be the most effective and efficient way to prepare for the industry’s preeminent leasing and financing certification, the CLFP designation.”


    The first ALFP will be held in Irvine, CA on May 7th – 9th and is hosted by Banc of California.  David Normandin, CLFP, Immediate Past President of the CLFP Board of Directors and SVP, Lease Finance at Banc of California noted, “We are pleased to support the CLFP Foundation and the commercial finance industry by hosting the first Academy for Lease & Finance Professionals. We are honored that the CLFP Foundation selected Banc of California for this event and look forward to its success.”

    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 229 Certified Lease & Finance Professionals and Associates throughout the world. For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or visit www.CLFPfoundation.org. 

  • Wed, March 04, 2015 11:52 AM | Reid Raykovich (Administrator)
    I became a Certified Lease Professional (now Certified Lease & Finance Professional (CLFP)) in 1996 after an all-day exam in the Seattle area and 20 years in the industry.  At the time, I was doing the same thing I am today: deals in various niches with cost of equipment from $5k to $2mm.


    I started in the industry in April of 1976 in Fresno, California after I ran into a friend of mine skiing in Sun Valley, Idaho who convinced me to leave my real estate brokerage.  I became a member of WAEL that year and UAEL after that and now NEFA.  I met a number of great friends in the industry over the years by attending those association functions, many of who are still some of my best friends.


    In 1988, we moved to Sun Valley and we have been there ever since - continuing in the industry and doubling down on some of the niches I still serve.

    The most interesting aspect of the industry and the people within it is that they are very giving in their time and often offer helpful information.  That also goes for the CLFP program.  The value of the CLFP designation is that many of the other industries I deal with also have various certifications which make them realize you are as committed to your industry as they are to theirs.  


  • Wed, February 04, 2015 11:05 AM | Reid Raykovich (Administrator)

    As part of the 30th year celebration of the designation, the Foundation will be highlighting several of the more tenured CLFPs.  The series starts with Russ Runnalls, CLFP who was one of a group of 8 individuals who made up the first CLFP class.  Below is his article on how he became a CLFP and where he is today.

    In April 1978, I closed an engineering company that I owned with two other partners. My intention was to get my real estate broker’s license and open up a brokerage business. My good friend Bill Watkins questioned the wisdom of that decision and suggested that I go to work for him in the leasing business. So, with absolutely no idea what a lease was, in June of 1978 I went to work for Bill Watkins and Don Froomer in sales at Enterprise Leasing Corporation in Sherman Oaks, California.

    Leasing was not a concept that came quickly to me. However, with the patience I received from Bill, and the intense and lengthy tutoring that I got from Don, one day, about six month later, all the lights came on, I got it, and the career path for the rest of my life had been set. I stayed at Enterprise until 1982. During that time at Enterprise, I took over the sales department, eventually became EVP, met Tamara Quinn who eventually became my wife, and got quite involved in the Western Association of Equipment Lessors (WAEL).

    In January 1982, I left Enterprise and became a 40% partner in Markay Equipment Leasing, Inc. (later changed to Markay Financial Corporation when I owned 100%). My involvement in WAEL continued and intensified due to the desire of the association to establish a method of increasing and recognizing professionalism within the industry through training and testing.  This was something I was very interested in and very much in favor. The Certified Lease Professional (CLP) program and designation was established in 1985. It was determined that the first testing for the first group of CLP’s would be late 1985. At that time, the only material available for preparing for the exam was experience and a leasing manual produced by Ted Parker. I had a copy and studied for the exam.  On November 25, 1985, 10 members took the test, 8 passed the test, and I’m proud to say that I was one of those who passed, along with Raymond Corob, Peter Davis, Leon Frick, Hal Horowitz, Bob Jacobson, Patrick O’Rourke, and Jim Swander.

    Since that time, I still own Markay (run by my wife), and I have worked for or consulted for Charter Leasing, Capital Network and presently TEQlease Capital. I was a contributor to the original Certified Lease Professionals’ Handbook, and in 1991 I served as the Certification Committee Chairman. I am proud to have been involved in and part of the beginning of the CLP program. It has developed over the years into the great and valuable program that it is today. Its training programs have raised the sophistication and knowledge of all the players in our industry, and it has elevated the legitimacy of, and respect for our industry. I believe the CLP designation gave me a beneficial and invaluable recognition with my peers in the leasing industry, as I do with other CLP’s.

    W. Russell Runnalls CLFP

  • Thu, January 08, 2015 11:36 AM | Reid Raykovich (Administrator)

    The Certified Lease Professional Foundation announced today that the organization has officially changed its name, effective immediately, to the Certified Lease & Finance Professional (CLFP) Foundation in order to better reflect the various types of financial products offered in the commercial equipment industry.


    Brian Schonfeld, CLFP, President of the 2015 CLFP Board of Directors stated, “I’m very excited about the new direction and focus the Foundation is taking.  By incorporating “Finance” not only into our name but our knowledge and educational platforms as well, we are demonstrating our commitment to maintaining our position as the preeminent credential for leasing and financing professionals.”


    Executive Director, Reid Raykovich, CLFP further noted, “When I took over the Foundation almost three years ago, the Board had been discussing the name change and I am excited that we have now instituted the change, especially during such a special year for us.  It is the 30th year of the designation and the 15th year of the Foundation’s existence.”


    The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 229 Certified Lease & Finance Professionals and Associates throughout the world. For more information, call Reid Raykovich, CLP at (206) 535-6281 or visit www.clfpfoundation.org. 


  • Sat, November 08, 2014 5:06 PM | Reid Raykovich (Administrator)

    The Certified Lease Professional (CLP) Foundation is pleased to announce that First American Equipment Finance now employs the most CLPs (27) after six individuals successfully passed the CLP Exam.  In addition, they employ the first CLP Associate which is the designation offered to those with only two years’ experience in the equipment finance industry.

                           

    The six new CLPs are:

    1.      Sonia Cliffel, Vice President

    2.      Jen Fitch, Senior Vice President

    3.      Sandy Grossman, Vice President

    4.      Christina Lord, Assistant Vice President

    5.      Alfred Quinto, Assistant Vice President, Project Manager

    6.      Sara Whitford, Assistant Vice President


    The first CLP Associate is Nick Borkowski, Assistant Vice President.


    When asked why he pursued the CLP designation, Alfred Quinto, CLP stated, “I know that the knowledge and information gained by studying for the CLP will me make more rounded as a leasing professional.  It is one thing to be in the industry, learning about one aspect of the business, and it is another to be able to have an understanding of every aspect of the business.  As a Certified Lease Professional, I am confident that I am able to better serve my internal and external clients and be a better consultant for them.”


    Bill Verhelle, CEO First American Equipment Finance, a City National Bank stated, “We greatly value our relationship with the Certified Lease Professional Foundation.  The CLP program has become an important part of our employee development program.”


    The CLP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 232 Certified Lease Professionals and Associates throughout the world. For more information, call Reid Raykovich, CLP at (206) 535-6281 or visit www.clpfoundation.org.


  • Tue, October 21, 2014 6:14 PM | Reid Raykovich (Administrator)

    The Board of Directors of the Certified Lease Professional (CLP) Foundation is pleased to announce that five individuals who sat for the exam after the Maryland-area Institute for Leasing Professionals attained the CLP designation.  They are:

    1.      G. Paul Fogle, CLP – Quality Leasing Co., Inc.

    2.      Stephanie Hall, CLP – Bryn Mawr Funding

    3.      David Lempko, CLP – First Niagara Leasing

    4.      Andrew Mallinger, CLP – Fora Financial

    5.      Mark Schrews, CLP – IOU Central


    Mr. Lempko, Senior Vice President is the first CLP at First Niagara Leasing and when asked why he pursued the CLP designation, he stated, “I’ve been in the equipment finance industry for quite a few years and have participated in a variety of training sessions.  However, like most leasing professionals, the majority of my learning was done informally and on-the-job.  I decided to invest in formal classroom training to make sure that the concepts that I have learned are sound and to gain a broader understanding of all of the components of running a successful leasing company.  Studying for and passing the CLP exam have helped me do exactly that.”


    The CLP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 223 Certified Lease Professionals throughout the world. For more information, call Reid Raykovich, CLP at (206) 535-6281 or visit www.clpfoundation.org.


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