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 [...]
New Member Discount: RES.NET’s REO and Loss Mitigation Portals
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 [...]
How Tech Revolutionized Real Estate Financing
The real estate industry is experiencing a sea change as technology redefines what real estate is and who can access it. For a very long time, the American Dream meant owning property, specifically, owning a [...]
Navigating a Sea Change: Leadership in Times of Uncertainty
When the economic landscape is uncertain, you can’t afford to sit dead in the water. Companies around the world are reevaluating how they do business in order to overcome the storm that we all face [...]
Special Feature: Mortgage Payment Deferment Gotchas
How will they affect borrowers in the long run? When Congress passed section 4021 of the CARES Act in response to the effects of COVID-19, the intent was to help borrowers who were having problems [...]
Intrigued by Private Lending?
Here are three questions to consider before you jump in. COVID-19 has spurred hundreds of conversations among real estate investors, entrepreneurs and business owners about the best ways to create multiple sources of income, especially [...]
AAPL and RES.NET Form Strategic Alliance to Deliver Enhanced Default Services to Private Lenders Nationwide
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 [...]
PeerStreet Launches New Fund Strategy for Investors
Building on the success the company has had in transforming access to real estate debt, the company is launching the Credit Opportunity Fund to match investor demand with current market opportunities. LOS ANGELES, Calif.--August 19, [...]
