REMN Wholesale is conducting two free renovation lending seminars for real estate industry professionals in California and Arizona. Taking place on Aug. 21 in Los Angeles and Sept. 18 in Scottsdale, the seminars will educate attendees on how renovation lending can help make pre-owned homes in these states’ aging housing inventories more appealing to potential buyers. While renovation mortgages are typically seen as products for older and more distraught housing markets, REMN Wholesale is seeing an increase in interest with first time buyers in Western states as homes in these areas become dated in terms of design and décor.
The intricacies involved with renovation mortgages open opportunities for delay, which cause many mortgage professionals not to offer them to their customers. To prevent any potential issues, REMN Wholesale developed its internal Renovation Concierge Service department, which manages the details of the process and stays in communication with the home buyer, contractors and other parties involved, so everything stays on track.
“Renovation lending products represent an incredible opportunity for pre-owned homes on the market that need a little fine tuning to make them desirable for a new buyer," said Carl Markman director of national sales for REMN Wholesale. "Traditionally, renovation mortgages are looked at for homes that need major repair work, but what people don’t realize is these loans can also be used for other things, such as sprucing up a bathroom or redoing a kitchen that hasn’t been remodeled in more than 10 years."
In Los Angeles, the Aug. 21st seminar will be held in conjunction with the California Association of Mortgage Professionals (CAMP) North Los Angeles Chapter mixer from 4:00 p.m.- 6:00 p.m. at the 94th Aero Squadron, located at 16320 Raymer Street in Van Nuys, Calif., with cocktails and appetizers starting at 3:30 p.m. In Scottsdale, Ariz., the Sept. 18 seminar will take place from 9:00 a.m.-11:00 a.m. at the Orange Tree Golf Resort, located at 10601 North 56th Street, and with a continental breakfast served at 8:30 a.m. Interested attendees can register by sending an e-mail to
[email protected]
As a follow-up to each event, REMN Wholesale will host a broker-focused Webinar on Wednesday, Sept. 3 explaining how loan originators can quickly and easily submit files to their REMN Wholesale team for their renovation lending mortgages.
