Myriah Cohen

TRID | What TRID Means | CFPB Construction Loans | CFPB TRID | Land Gorilla

What TRID Means for Construction Lenders Like You

TRID has made it difficult for many lenders to originate construction loans. It’s our intention at Land Gorilla to help inform the mortgage industry with a brief history of TRID, what it is, where it came from, what TRID stands for, and what it means for construction lending.

Construction to Permanent Loans | Construction Loans | Construction Loan Risk Management

How Lenders Can Protect Their CTP Loans

Even seasoned construction lenders are not immune to these risks. Lenders who have originated construction loans for years can still miss things that could potentially be disastrous. To help you cover your bases, we have compiled three risks for lenders to look out for: one is obvious, one is less so, and the last is a hidden risk.

Shannon Faries HousingWire Insider 2018 Interview

HousingWire Insider Interview with Shannon Faries

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

Land Gorilla Blog Infographic Contractor Vetting

Infographic: Contractor Vetting

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

Land Gorilla Blog Beginner's Guide to Contractor Acceptance

The Lender’s Guide to Contractor Acceptance

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.