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% [...]
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 [...]
5 Questions to Ask When Scaling Your Real Estate Business
Creating a successful business requires forward planning and strategic thinking. Before planning to scale your private lending business, it's important to gather detailed information that will help to inform your decisions. In the spirit of [...]
The Advantages of the Debt Yield Ratio
Banks are moving away from DSCR, and private lenders should consider doing so too. For many years, banks have used the Debt Service Coverage Ratio (DSCR) to assess risk regarding a borrower’s ability to make [...]
Private Lenders: Will Your Products Get the Job Done During a Market Downturn?
A real estate investor provides advice on developing creative financing strategies that could carry both lenders and investors through a softer market. As a real estate investor for 15 years, I have worked with my [...]
AAPL Opposes Anti-Flipping Taxes/Special Conveyance Flip Taxes
Instead, promote incentives to increase economic activity and to create the change we all want to see. Most states or other governmental subdivisions that we are aware of impose what is known as a conveyance [...]
From the Corner Office
If you thought 2019 was a big year for AAPL, you ain’t seen nothing yet (to quote one of the top songs of the 70s and, yes, it’s Bachman Turner Overdrive, if you’re wracking your [...]
