South Carolina

A college in South Carolina is now offering students an undergraduate degree in commercial real estate finance
A college in South Carolina is now offering students an undergraduate degree in commercial real estate finance.
 
According to a report in the Post and Courier, the College of Charleston's School of Business introduced its new Bachelor's Degree in Commercial Real Estate Finance as a result of student interest and market demand. The college noted that 30 percent of the nation’s macro economy comes from the commercial real estate industry, thus making it an ideal subject for a specific undergraduate curriculum.
 
"For students inclined to pursue real estate law, commercial lending, valuation, development, investment banking, property and asset management, brokerage or similar fields, a commercial real estate major with a financial foundation is critical," said Elaine Worzala, Professor of Real Estate and Director of the Carter Real Estate Center in the School of Business. “Majoring in commercial real estate finance might sound specialized, but our curriculum provides students with a well-rounded experience that not only includes real estate and finance but also investment, management, marketing, entrepreneurship, supply chain management, hospitality, planning, development, historic preservation, law and other courses in relevant, sought-after disciplines.”

 
Broker Agent 360 has announced that it has signed an agreement with Movement Mortgage to create and provide customized lead generation services for the company’s loan officer and real estate agent relationships throughout the U.S.
Movement Mortgage has hired Michelle Donnelly as its first chief commercial officer. Donnelly, a Harvard Business School alum, will report to Chief Executive Casey Crawford and be responsible for helping the company achieve its business objectives, implement commercial strategy and continue to develop as an organization. She will be based out of Movement’s National Sales Support Center in Fort Mill, S.C.
 
Donnelly brings 20 years of corporate leadership experience to her role. Prior to her role at Movement Mortgage she served in various sales, marketing, strategy and product development roles as a senior executive for a large pharmaceutical and biotech firm.
 
“What drew me to Movement was the amazing culture that has been created here,” Donnelly said. “I look around and see an entrepreneurial and innovative spirit in teams of people working for something bigger than just themselves.”

The Mortgage Bankers Association of the Carolinas 61st Annual Convention "Right Place, Right Time" will be held Oct. 4-7 at the Hilton Head Marriott Resort and Spa in Hilton Head Island, S.C.

The Convention is a "colorful" event with diverse, entertaining and informative sessions throughout.  Plan to come with anticipation.  Plan to leave with true takeaways.  It's surely the "Right Place" and the "Right Time."

Click here for more information, e-mail rbm@mbac.org or call (843) 303 5705.

 

​Travis Wright has joined Mortgage Network Inc. as a loan officer in the company’s Columbia, S.C. branch office where he will be responsible for serving homebuyers and homeowners throughout the metro Columbia area

Travis Wright has joined Mortgage Network Inc. as a loan officer in the company’s Columbia, S.C. branch office where he will be responsible for serving homebuyers and homeowners throughout the metro Columbia area.

A recent graduate of Mortgage Network’s Mortgage Bankers in Training Program (MBIT), Wright brings 10 years of retail banking experience in the Columbia area to Mortgage Network. Most recently, he served as an assistant vice president/branch manager for NBSC, a division of Synovus Bank. Wright was born and raised in Columbia and has called Columbia home his entire life, aside from the four years he spent earning a bachelors in business administration at Charleston Southern University, where he graduated Magna Cum Laude. He is active in his church, Blythewood Presbyterian, and also serves as a board member for Bethany Christian Services in Columbia, S.C.

“Mortgage Network prides itself on having the most experienced and knowledgeable loan officers in the industry, exceptional people like Travis Wright,” said Clint Hammond, branch manager of Mortgage Network’s Columbia office. “With his proven professionalism and dedication to serving borrowers in the metro Columbia area, Travis is an outstanding addition to our team.”

“I have worked hard my entire career to offer customers the very best service possible, and I am delighted to join a company that puts the borrower experience first,” said Wright. “Mortgage Network is renowned for helping first-timers and experienced borrowers with the highest levels of service and the best products for their needs. It is a great privilege to be part of the finest team in my home town. Columbia is coming off a rough patch but all the indicators are now positive, according to industry sources. Prices are rising and there are fewer listings, signifying improved demand and increasing values. It’s a perfect time to buy and I look forward to helping buyers understand their options and reap the benefits of this rising market.”

South Carolina suffered catastrophic flooding during what meteorologists called a 1,000-year rainfall last month. Because of devastating road and property damage and the loss of lives, President Barack Obama declared South Carolina in a state of emergency.  As danger subsided, employees of the Columbia Guild Mortgage branch went to work.

Guild team members were given days off work to help with cleanup efforts and volunteered on weekends, assisting families of flood-stricken homes. Other Guild employees volunteered with the Harvest Hope Food Bank by sorting and packaging food for distribution to flood victims. 

“At Guild, we are dedicated to serving the communities where we live and work,” said Caitlyn Bell, transaction coordinator for Guild’s Columbia branch. “Lamont Watson, producing sales manager, organized volunteer work at Harvest Hope and our team was happy to assist.” 

A GoFundMe account was created by branch manager Heyward Cathcart, encouraging company employees, friends and family members to raise money for victims. A goal of $5,000 was set during its launch and rapidly gained widespread attention.  

“People from across the nation have donated,” said Bell. “Every penny counts and it’s amazing to see how quickly friends and strangers reached out to help others. Our GoFundMe page spread like wildfire and we’ve raised nearly $15,000 together.” 

The funds donated will go entirely to the Red Cross in the name of the flood victims of South Carolina. It fits within the Guild Giving Program established company-wide in 2010 to encourage employees to donate time and money to worthy causes to help improve the communities where its employees live and work.

Heyward Cathcart, Mark Tibshrany, Ron Dorko, James Nobles, Athena Leventis, William McCamy, Beth Walker, Lauren Wild, Lamont Watson and Kellie Kessler of Guidl Mortgage lend a hand to victims of South Carolina's recent record floods

 

A storm-damaged home awaits repair

 

 


Heyward Cathcart, branch manager/loan officer with Guild Mortgage on site during the repairs

 


A damaged home from the South Caorlina floods

The 60th Mortgage Bankers Association of the Carolinas (MBAC) Annual Convention & Trade Show will be held at the Hilton Head Marriott Resort and Spa, located on Hilton Head Island, Friday-Sunday, Oct. 2-4.

Click here for more information, or call (704) 557-0204 or e-mail rbm@mbac.org.