The Fully Digital Mortgage Makes Headway
Technology advances will benefit both borrowers and originators. As eMortgages, including eClosings, gain traction and acceptance, the mortgage industry is focused on implementing the latest technology to reduce costs, attract customers and gain efficiencies amid [...]
Last Call with Ben Fertig: The Most Important Part of the Resume
Last September I celebrated 23 years in the mortgage banking industry. It’s not a coincidence that the best years have been the past eight, which have been exclusively in the residential investor loan market. Although [...]
Moving Up Female
Running a woman-owned business in the male-dominated private lending industry comes with challenges. Who do you work for? Wow, you’ve got guts to do this. You don’t look like the owner. Who are you here [...]
The Future of the CFPB is at Stake
The Supreme Court’s decision has the potential to heavily impact current lending practices. On March 3, 2020, the U.S. Supreme Court heard oral arguments in Seila Law LLC v. Consumer Financial Protection Bureau. The issue [...]
3 Ways to Use Third-Party Platforms to Improve Your Business
These platforms can improve operational efficiencies, save time and enhance marketing efforts. As is the case with any business, your primary goal is to generate growth and to make money. Many companies abide by the [...]
What Real Estate Investors Aren’t Telling You About the Pain Points of the Private Lending Process
Working with private lenders has allowed me to scale my real estate investment business faster by leveraging OPM. An established history with private lenders has let me get deals done that would never have come [...]
What AAPL’s Ethics Committee Sees as the Top Ethical Challenge Facing Private Lenders Today
Visit aaplonline.com/ethics for more on our Code of Ethics Mike Hanna, Managing Partner, Investmark Mortgage, LLC “Bait and switch” lending and truth in advertising are the top ethical challenges in the marketplace today. There are [...]
The Cost of Waiting
Investors weigh the pros and cons of individual deeds of trust versus funds. Investors choosing to invest in individual deeds of trust instead of a fund have been frustrated over the past year, especially in [...]
ABS appoints Jasen Portero as Chief Operations Officer
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 [...]
Private Lender Scam Alert: What You Need to Know
AAPL can help you identify scammers and offers important tips for curtailing their activity. “Hello, you’ve reached the American Association of Private Lenders. How can I help you?” “Hi, I don’t know if I’m calling [...]
From the Corner Office
Your Association Update As we settle into 2020, we at your friendly American Association of Private Lenders continue our dedication to our three pillars: ethics, advocacy and education. Here’s what we’ve been up to during [...]
Lender Limelight: A Model for Success
Traveling and living internationally helped Michael Mikhail “find himself”—and gave him the mindset to discover his calling. For some entrepreneurs, the ultimate goal is creating a company that can run just as successfully without them [...]
American Association of Private Lenders Announces First Online Course
Kansas City, Missouri - April 15, 2020 – The American Association of Private Lenders (AAPL) is excited to announce the launch of its first-ever online designation course, Certified Fund Manager. AAPL designation courses prior to [...]
COVID-19 SBA Disaster Relief Programs
The U.S. federal $2 trillion coronavirus stimulus bill included a $349 billion relief for small businesses called the Paycheck Protection Program (PPP) to support job retention and other specified expenses. The PPP loan is [...]
The Fully Digital Mortgage Makes Headway
Technology advances will benefit both borrowers and originators. As eMortgages, including eClosings, gain traction and acceptance, the mortgage industry is focused on implementing the latest technology to reduce costs, attract customers and gain efficiencies amid [...]
Member Spotlight | Loren Howard
During a workout cool-down (we're not quite sure Loren knows what that actually means), what started as an attempt to "see how fast [he] could go" on the indoor rowing machine led Loren Howard, founder [...]
Market Color: COVID-19’s Impact on Private Lenders
by Ray Sturm and Ryan Craft Uncertainty during personal and economic danger is hard to endure. However, in the weeks and months ahead lenders and investors alike will be forced to make decisions [...]
Private Lender Outlook
Here’s how 2020 is shaping up for private lenders. What is the state of the private lending industry in the U.S.? Unlike the national housing market, there is no such thing as a national private lending [...]
The Coronavirus and You
How the coronavirus is affecting the private lending sector With the world reacting to the effects of the fast-spreading coronavirus, health officials and economists alike are looking to history to help predict both its advance and its lasting impacts. Nothing recent—like H1N1, [...]
Applied Business Software Announces Exponential Growth on its Services Department
LONG BEACH, Calif., March 31, 2020 - Applied Business Software (“ABS”), is excited to announce record growth in the Services Department for the fiscal year 2019. In the 2019 fiscal year, ABS experienced a 38% [...]
