As 2019 comes to an end, the mortgage industry is wrapping up a rollercoaster of a decade on a high note. It appears that some valuable lessons have been learned when it comes to planning ahead and lenders are focused on better tools to help them expand their footprints without taking on unnecessary risks.
A new report by Levelset and Tsheets by Quickbooks shows the contractor payment process is rife with problems that put the success of the job at risk.
Construction finance technology touches more areas than you may think. Discover the 5 questions to ask when evaluating construction finance technology.
Fannie Mae has updated its selling guide to include construction to permanent (CTP) lending for manufactured homes. This move supports Fannie Mae’s initiatives for affordable housing.
Technology and borrower behavior are changing the mortgage application landscape. View these trends that point to the adoption of digital experiences for both lenders and borrowers. How is technology and borrower behavior influencing how you do business?
Many loan officers are tasked with managing the post-close draw process on every construction loan they originate. This isn’t best practice. So who should manage draws? We explain in this blog.
The Rural Housing Service published a final rule to the USDA Single Close Pilot Program; effective August 22, 2019. This blog contains an overview of some of the changes.
There are many paths homeowners could take to pay for their renovations, but which is best for the borrower and which is best for you, the lender? Take a deep dive into HELOCs and renovation loans in this blog.
Join us for an interview with HousingWire Insider Shannon Faries. “A major benefit technology provides is risk mitigation and increased profitability for lenders. However, lenders won’t invest in new technology if they don’t feel confident offering construction loan programs in the first place.” Originally posted in HousingWire June 2019.
Freddie Mac has officially announced their new renovation loan product, CHOICERenovation. This new program brings Freddie Mac into the renovation lending space and positions itself as an alternative to the Fannie Mae Homestyle Renovation program. See this post for details on the offering and comparison with Fannie Mae Homestyle.