News Archives

New Member Discount: Fund Administration with High Divide Management

By AAPL|2025-03-24T08:51:20-05:00January 19th, 2021|Fund Management, News|0 Comments

High Divide Management is the American Association of Private Lender's newest Member Discount partner, providing boutique fund administration and accounting services to direct lenders. The company's founder launched the business after seeing firsthand how underserved the industry was while managing the finance team for a group of direct lending funds with ~1B in assets under [...]

By AAPL|2025-03-24T08:51:20-05:00January 19th, 2021|Fund Management, News|0 Comments

Applications Open for AAPL Committees

By AAPL|2021-06-08T13:35:24-05:00November 19th, 2020|News|0 Comments

Nearly all the American Association of Private Lender’s efforts to support the private lending industry operate under our three pillars: Education, Ethics, and Advocacy. To support these pillars, we appoint AAPL members from across the nation to provide guidance and lead initiatives. Together, these three committees are the drivers for the future of our industry. [...]

By AAPL|2021-06-08T13:35:24-05:00November 19th, 2020|News|0 Comments

California Passes SB 1079 – Creating Right of First Refusal After Trustee Sales

By Nema Daghbandan|2020-10-06T13:44:27-05:00October 5th, 2020|Advocacy, News|1 Comment

In another unprecedented move, Governor Newsom signed SB 1079 into law on September 28. The bill will completely reshape the foreclosure process in California. Previously, an auction of property at a foreclosure sale set the final price of the property and provided marketable title to the buyer of the property or the lender if the [...]

By Nema Daghbandan|2020-10-06T13:44:27-05:00October 5th, 2020|Advocacy, News|1 Comment

Verus Mortgage Capital introduces Verus Commercial Real Estate Finance

By Linda Hyde|2020-09-09T15:50:44-05:00September 9th, 2020|News|0 Comments

(NEW YORK, September 9th, 2020) – Verus Mortgage Capital has designated a new division, Verus Commercial Real Estate Finance (“VCREF”) to pursue origination opportunities in commercial real estate credit. VCREF is a balance sheet commercial real estate direct lender that will provide capital for a wide range of real estate asset classes nationwide. VCREF’s senior [...]

By Linda Hyde|2020-09-09T15:50:44-05:00September 9th, 2020|News|0 Comments

CDC Imposes National Eviction Moratorium Through EOY 2020

By AAPL|2021-06-08T13:03:21-05:00September 8th, 2020|Advocacy, News|0 Comments

In an unprecedented move, the Centers for Disease Control and Prevention (CDC) issued a temporary order (“Order”) halting evictions nationwide through December 31, 2020. This move was not necessarily unexpected. On August 8, 2020, President Trump issued an Executive Order ordering the CDC and other federal agencies to look into a potential eviction moratorium to [...]

By AAPL|2021-06-08T13:03:21-05:00September 8th, 2020|Advocacy, News|0 Comments

What lenders need to know about California’s Passed AB 3088 Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020

By AAPL|2020-09-08T12:39:28-05:00September 3rd, 2020|Advocacy, News|1 Comment

On August 31, 2020, AB 3088, known as the Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020, was signed into law. The law goes into effect immediately. AB 3088 is an omnibus bill that incorporates many smaller tenant and landlord protection bills. The American Association of Private Lenders and its general counsel, [...]

By AAPL|2020-09-08T12:39:28-05:00September 3rd, 2020|Advocacy, News|1 Comment

New Member Discount: RES.NET’s REO and Loss Mitigation Portals

By AAPL|2020-09-03T15:24:13-05:00September 2nd, 2020|News, Technology|0 Comments

RES.NET is the American Association of Private Lenders' newest Member Discount partner. The enterprise application allows lenders to create customizable workflows for REO, Loss Mitigation, Short Sale, Deed-In-Lieu, Pre-foreclosure, and Valuations. Its suite of portals is designed to work independently or in tandem, providing a seamless solution in any kind of lending operation. Through [...]

By AAPL|2020-09-03T15:24:13-05:00September 2nd, 2020|News, Technology|0 Comments

AAPL and RES.NET Form Strategic Alliance to Deliver Enhanced Default Services to Private Lenders Nationwide

By AAPL|2021-06-08T14:09:08-05:00August 26th, 2020|News|0 Comments

FOR IMMEDIATE RELEASE Leading private lender association and nationally licensed valuations and default services provider partner to meet private lenders’ increasing demand for default management services LAKE FOREST, Calif., Aug. 26, 2020 – RES.NET, a technology platform specializing in mortgage banking default, and The American Association of Private Lenders (AAPL), the oldest association representing the [...]

By AAPL|2021-06-08T14:09:08-05:00August 26th, 2020|News|0 Comments

From the Corner Office: Your Association Update

By Linda Hyde|2021-06-08T14:06:39-05:00August 17th, 2020|Featured, News|0 Comments

During the past several months, due to the coronavirus pandemic, the world came as close to a near-standstill as we are ever likely to see. Then, clear incidents of police brutality and injustice drove our nation to protests, and in many cases violence, in all 50 states. At just a little more than halfway through [...]

By Linda Hyde|2021-06-08T14:06:39-05:00August 17th, 2020|Featured, News|0 Comments

ABS appoints Jasen Portero as Chief Operations Officer

By Elizabeth Morales|2025-05-19T09:09:14-05:00May 5th, 2020|News|0 Comments

LONG BEACH, Calif., May 5, 2020 - Applied Business Software, Inc., (“ABS”), leader in loan servicing and origination software in the private lending space, announced today that Jasen Portero, its current Vice President of Development for the last 12 years, has been appointed Chief Operations Officer. As a Full Stack Developer, Jasen oversees the Development [...]

By Elizabeth Morales|2025-05-19T09:09:14-05:00May 5th, 2020|News|0 Comments

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