Lenders: Have You Considered a Deed in Lieu of Foreclosure?
When used properly, a DIL can be a great option for lenders seeking to avert foreclosure. Given the current economic uncertainty, unprecedented unemployment and number of loans in default, lenders should properly review, evaluate and [...]
Member Spotlight | Jacob Therrien
Fun Fact #1: Vermont, the 14th state admitted to the union in 1790, gets its name from "montagne verte" (French for green mountain) after the state's gorgeous Green Mountains. Fun Fact #2: We learned this [...]
Where AAPL’s Education Committee Sees Private Lender Know-How Needing a Boost
Visit aaplonline.com/education-advisory-committee for more information about our Education Committee. What’s next? Those two syllables are enough to give any in-the-know lender heartburn: Futureproofing is a dichotomy between an eye-rolling salvo and the secret dream for [...]
Special Feature: COVID-19’s Impact on Private Lenders
The industry is focused on strengthening itself rather than rebuilding. On March 19, 2020, California announced the nation’s first statewide shelter-in-place order. Within weeks, 44 more states followed suit. The national economy was effectively shut [...]
Answering the Challenge to Create and Protect Wealth
Helping clients build wealth and staying ahead of industry change motivate the Forino brothers. It’s said that opposites attract. In the case of Lou and Raffaele Forino, their completely different business backgrounds have benefited them [...]
Reminders for REITs on Prohibited Transactions
Be diligent about the impact of loan modifications and foreclosures during the coronavirus pandemic. The passage of the Tax Cuts and Jobs Act led to an increase in the number of private lending funds converting [...]
Can an IRA Be a Buyer of My Notes?
Selling notes to IRA investors is similar to selling notes to an individual, with one large exception: The self-directed IRA ecosystem lacks direct methods to get in front of account holders. An IRA (whether traditional [...]
Best Practices for Writing a Stand-Out Call to Action
How to write a call to action that will produce leads. You may be able to produce an engaging marketing piece for your customers; however, you will not get clicks, conversions, lending applications or any [...]
Get Ready for CCPA
Here’s what a CIO can do to prepare for compliance with the new California law governing how personal consumer information is handled. On Jan. 1, 2020, the California Consumer Privacy Act (CCPA) went into effect, [...]
Case Study: Renovated Multifamily Property in New Orleans Flooded With Leases
A hard-working military veteran renovated an 8-unit multifamily property in the FEMA Flood Zone X region of New Orleans. The dilapidated property was purchased in May 2018 as an investment property. The vision was a [...]
Protecting Your Business Against Cryptojacking
These tips can help you with detection and prevention. There’s no doubt that we all live in a progressively digital world. As such, online financial transactions have become the norm for buying goods and services. [...]
Designing Nonperforming Note Funds
The fund structure, accounting methods and other strategies must be considered in addition to securities compliance. A nonperforming loan (NPL) is a type of note that is in default, distressed, delinquent or otherwise dilapidated. NPLs [...]
The U.S. Election Candidates
What are the changes and challenges they represent for the housing market?\ Housing is taking a more central focus with candidates on the presidential campaign trail. A recent nationwide public-opinion poll commissioned by the National [...]
Making a Lasting Impression
Here’s how to write a good private lender company description. With the rise in the number of private lenders in the industry, it’s important to create a company description that will allow you to stand [...]
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 [...]
