Popular Bank Exits the Mortgage Industry
Popular Bank is exiting the U.S. residential mortgage sector to enhance profitability, closing four New York branches as part of this strategic shift.
Click n’ Close Provides Complimentary USDA Loan Extensions
Click n’ Close provides free lock extensions for USDA loans, aiding private lenders in effectively managing their pipelines amid ongoing government shutdown challenges.
Doubling Loan Volume: The Power of Automated Underwriting & Servicing for Private Lenders
How a Regional Private Lender Doubled Loan Volume Through Automated Underwriting and Servicing Integration Client Overview Capital Growth Funding (CGF), a prominent regional private lender based in the bustling Tri-State Area, had established a robust niche over the past decade. Specializing in short-term, asset-backed [...]
The True Cost of Private Loans: Uncovering Unfavorable Terms
Private Lending Traps: Avoiding the True Cost of Unfavorable Terms Private Lending Traps: Avoiding the True Cost of Unfavorable Terms In the dynamic world of private mortgage lending, the promise of higher returns and greater flexibility often beckons. It’s a space where traditional banks [...]
Seller Carry vs. Lease Options: Your Guide to Alternative Property Ownership
Seller Carry vs. Lease Options: Which Path to Property Ownership? In the dynamic world of real estate, traditional bank mortgages aren't always the only, or even the best, path to property ownership. For those navigating the private mortgage landscape, particularly sellers, buyers, and investors [...]
MLS AI Debate and CoStar’s Response to Zillow Announcement
Discover emerging real estate technology trends, including Zillow's ChatGPT integration, eXp's AI assistant, and UWM's innovative broker tools for private lenders.
Exploring the Role of Private Mortgage Insurance for First-Time Buyers
Discover how private mortgage insurance can empower first-time homebuyers, easing the path to homeownership while minimizing upfront costs.
Unmasking Land Development’s Capital Costs: The Private Servicing Advantage
The True Cost of Capital in Land Development: A Comprehensive Breakdown for Private Mortgage Servicing Embarking on a land development project is an ambitious undertaking, fraught with both immense potential and significant financial complexities. While the allure of transforming raw land into thriving communities [...]
Private Mortgage Glossary: Key Terms for Lenders, Investors & Servicers
Private Mortgage A private mortgage, often referred to as a "hard money loan," is a loan funded by an individual investor or a private lending company rather than a traditional bank or credit union. These loans are typically asset-based, meaning they are primarily secured [...]
Seller Carry Deals: Don’t Let Hidden Costs Erase Your Profits
Investor's Guide: Identifying and Mitigating Hidden Costs in Seller Carry Deals Investor's Guide: Identifying and Mitigating Hidden Costs in Seller Carry Deals In the dynamic world of real estate investing, seller carry deals often shine as an attractive pathway to higher yields and greater [...]