A Standard Operating Procedure is the most underbuilt asset in most new private lending operations. This guide covers the five core areas your first SOP must address, a practical build approach, and why treating it as a living document is what separates lenders who scale from those who stall.
LeadingRE CEO Paul Boomsma spoke to brokerage leaders about the uncertain outlook, emphasizing M&A activity, private listings, and profit pressures in the market.
February HECM endorsements decreased by 20.7% to 1,821 loans. Additionally, HMBS issuance declined to $431 million, with 66 pools being issued.
Two former Direct Mortgage employees have filed a lawsuit claiming fraud and over $750,000 in unpaid wages, highlighting potential issues within the company.
Connecticut Senate Bill 340 would require public marketing of property listings unless sellers choose to opt out, aligning with similar legislation in three states.
Rhode Island's ongoing housing affordability crisis prompts lawmakers to introduce new measures, including boarding houses and co-living arrangements, to address the shortage.
U.S. housing market holds steady amid rising tensions, as military actions may impact economic stability and lending conditions for private lenders.
Discover the business and negotiation strategies employed by David Kramer of Compass to achieve success in the competitive Los Angeles real estate market.
Private mortgage servicers operating without documented SOPs face compounding regulatory exposure across RESPA, TILA, FCRA, and state-specific requirements. This article explains how ironclad Standard Operating Procedures function as compliance infrastructure, reduce operational error rates, and signal portfolio quality to lenders, brokers, and capital partners evaluating servicing risk.
Learn how to negotiate interest reserve terms that protect your private mortgage investment — covering reserve amount and duration, disbursement controls, replenishment obligations, and documentation requirements that hold up when tested.
