Getting started in construction lending is simple with these valuable yet easy to digest tips. Consider them a primer in construction lending training.
As new policymakers were sworn into office at the beginning of 2019, many have had a razor focus on the housing supply in their jurisdiction. The housing shortage has many factors, including an aging supply of homes, homeowners remaining in homes for longer, and not enough new housing being built at the desired price point.
Key considerations to scale your construction loan programs in 2019. With the industry focus on volume and construction loans, we are sharing our top tips on how to scale construction loan programs to increase that loan volume, do more with your current headcount, and even attract and retain top talent.
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.