You’ve already got a commercial or consumer construction loan program, but how can you scale in the future? These seven tips will give you some ideas on how to get more from your current construction loan programs.
7 Tips To Get More From Your Construction Lending Programs Read More »
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.
New Survey: How to Make Contractor Payments Stress-Free This Year Read More »
Construction finance technology touches more areas than you may think. Discover the 5 questions to ask when evaluating construction finance technology.
5 Questions To Ask When Evaluating Construction Finance Technology Read More »
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.
New Product Offering From Fannie Mae: CTP Lending For Manufactured Homes Read More »
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.
Who Should Manage Post-Close Draw Administration on Construction Loans? Read More »
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.
USDA Single Family Housing Guaranteed Loan Programs (SFHGLP) Construction to Perm Read More »
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.
HELOC v Renovation Loans: What Every Lender Needs To Know Read More »
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.
HousingWire Insiders: A year later Read More »
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.
The New Freddie Mac CHOICERenovation Loan Offering Read More »
Renovation and construction loan programs should first include a solid foundation of program policies and procedures created and implemented before the first loan is originated. The goal of creating these policies, procedures, and forms is to maintain low risk, gain greater control, and accelerate and scale your construction and renovation loan programs.
The Foundation You Need to Start Renovation and Construction Lending Read More »
