September 17, 2018
Land Gorilla’s very own Shannon Faries is a 2018 HousingWire Insider, and the following interview will give insight into his accomplishments and contributions to the construction lending industry. 1) How did you get your start? I started my career as a loan originator
September 13, 2018
Lenders who offer construction loans know there is a high risk involved in completing a project on time and on budget. Most lenders have a plan to mitigate this risk during their pre-closing due diligence, and one of those things is thoroughly vetting the contractor
August 29, 2018
Contractor acceptance is a key component to construction lending, but unfortunately it is often overlooked or neglected. Lenders must understand the concept and process of contractor acceptance to successfully build and maintain an acceptance process. This includes understanding the benefits of these programs, the different types of referrals requested, important red-flags that may be encountered, the importance of a risk management policy, as well as an important tool that can help streamline a contractor acceptance workflow.
August 15, 2018
Every construction and renovation loan lender has the same goal: originate construction loans in a safe and cost-effective manner. In order to achieve this goal and maintain the best interest of the lender as well as the client, lenders should be willing to have open
June 12, 2018
Earlier in 2018, a workshop by the Association of Independent Mortgage Experts (AIME) took place in Irvine, California. While this may have seemed like an ordinary lending conference at its surface, it provided a fresh perspective on inequality and housing in the US. A presentation given by Nadja Vital on affordable mortgage lending provided a solid introduction to understanding contemporary social justice within the US housing market.
May 14, 2018
In an ever changing housing market, lenders are beginning to focus on smaller market opportunities, which means those with niche loan products and fulfillment capabilities will stand a good chance of standing out from the pack.
May 11, 2018
On Friday April 6th, the VA replaced Chapter 7 Topic 2 (7-13) of the VA Lender’s Handbook in an attempt to provide clarification and guidance.
February 27, 2018
Fannie Mae announced significant changes to their HomeStyle Renovation loan program.
December 12, 2017
Successful selling of CTP lending products will be based on your expertise in construction lending, and your ability to effectively communicate the features and benefits of Construction-to-Permanent loans to consumers and builders. Read on to learn how!
December 4, 2017
There is a huge market of borrowers looking for construction loans – and if you are an experienced banker, credit union, or mortgage lender who has never offered a construction product, or focused only on renovation loans, it might be time to consider setting up a construction loan program.