Member Spotlight | Kendra Rommel
"Whatever you do today ... do it with the confidence of a four-year-old in a Batman Cape." - Unknown If ever there were words to live by, this modern take on confidence and self-motivation is [...]
Title Policy Endorsements 101
Lenders should understand the common title policy endorsements to the industry-standard 2006 ALTA Loan Policy. Title insurance protects mortgage lenders when defects in a title to a property result in financial loss to the lender. [...]
The Accidental Bait-and-Switch: Is This You?
Bait-and-switch lending is one of the most significant ethical challenges private lenders face today. There are more lenders now than there were just a few years ago, and the lending environment has become hypercompetitive in [...]
From the Corner Office: Your Association Update
As 2020 closes, any reflection of the past months reaches the same conclusion: This. Year. Has. Been. Hard. The thing that’s held us together is that regardless of what’s going on in the wider world, [...]
A Deep Dive Into Capital Markets and the Lending Food Chain
It’s 9 p.m.—do you know where your capital is? The novel coronavirus has had some very bad effects on the non-bank lending business. Never before has the lender food chain become so apparent. It’s become [...]
‘Highways and Hedges’ Housing Markets Ripe for Rental Returns
Investors in Dayton, Ohio, provide template for converting distressed homes into cash-flowing rentals. Not commonly known as a housing hot spot, Dayton, Ohio, has become the market of choice for real estate investors Scott Stuber [...]
What Will the Future of Lending Look Like?
Here’s how the economic crisis will change lending as lenders and their borrowers recover. As we navigate “The New Abnormal,” otherwise known as the post-COVID era, there is much conversation about recovery in the lending [...]
3 Keys to Growing Your Business in a Competitive Environment
Understanding your investors, borrowers, and platforms is critical to achieving growth during turbulent times. During the past few years, the landscape for private lenders has changed dramatically. If you’ve been in the industry for a [...]
Q4 Market Outlook: Housing Remains Resilient
Despite the pandemic, the U.S. housing market continues to outpace last year’s performances in new home sales, existing home sales, and housing starts. Resilient. It’s the word that keeps coming up in industry conversations with [...]
Lender Limelight: Civic Engagement
Entrepreneurial drive finds a home in real estate lending. When Whit McCarthy, senior vice president of Civic Financial Services, graduated from Colby College in 2010, he was ready for new experiences. So, he left the [...]
California Passes SB 1079 – Creating Right of First Refusal After Trustee Sales
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 [...]
Understanding SBA Coronavirus Disaster Relief Programs
Be aware of the modifications and their implications. The federal coronavirus stimulus bill—the Paycheck Protection Program (PPP)—provided two rounds of funds totaling $660 billion for small businesses. The relief was designed to support job retention [...]
Last Call: Path to Success Bypasses Comfort Zone
Stepping outside your comfort zone can be scary for most people, but for me it was a necessity. If I wanted to achieve my goals, I could not accept the status quo of climbing the [...]
Special Feature: Some Aspects of Remote Work Could Become Part of Our Future
What did we learn about working and managing remotely during COVID-19? There’s always been something of a butts-in-seats workplace mentality in the private lending industry. And it makes sense. When you are dealing with sensitive [...]
How Artificial Intelligence is Transforming Lending
AI offers advantages to both lenders and borrowers, offering speedy, accurate and convenient transactions. Artificial intelligence (AI) is changing the way lenders assess creditworthiness. Instead of the usual credit check, which requires borrowers to have [...]
Special Feature: What the Coronavirus Pandemic Can Teach Us About Marketing
As many brands have learned recently, marketing and crisis communications are not the same. Do you know the difference? If COVID-19 has taught us nothing else about marketing, it is that planning campaigns and budgeting [...]
Where Should You Incorporate Your Business?
There may be reasons (or not!) to start your business in a state where it isn’t located. Business owners often follow the lead of large companies when they form a business entity. Often, these larger [...]
Verus Mortgage Capital introduces Verus Commercial Real Estate Finance
(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 [...]
CDC Imposes National Eviction Moratorium Through EOY 2020
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 [...]
What lenders need to know about California’s Passed AB 3088 Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020
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 [...]
