Myriah Cohen

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.

Without refis to process, and new mortgages few and far between, LOs must rely on other types of loan products. Enter construction loans. To become successful in construction lending, you need these five components to all work together:

We look forward to the Ellie Mae Experience every year and love talking with Encompass users. If you are doing construction or renovation lending, we hope you come talk with us, because we are experts in construction loan software. Booth 300.

To reach this goal and mitigate the risks inherent in construction lending, you must have a risk management policy. Learn how to write your risk management policy.

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.

Lenders, let’s be frank for a moment: Do you know the true construction draw process turn times on your construction loans?

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.

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.

Another Mortgage Bankers Association Annual Event is in the books! This October, real estate finance mortgage professionals met at our nation’s capital to network, learn, and discover tools to ensure success for their businesses.