“Funding this level of volume in one month is quite an accomplishment, and even mightier when you consider this feat in the context of the Private Money space,” said William J. Tessar, Civic Financial Services’ president and CEO, noting the entire $108 million was comprised of non-owner occupied private money financing. “This is a significant funding figure that few companies in this arena have reached, and an even greater testament having done so in such a short amount of time.”Why successful builder partnerships are built on trust, preparation, and consistent support long before the first loan application arrives
Most loan originators approach builder relationships the same way they approach every other referral relationship. They schedule a meeting, talk about rates, explain how quickly they can close loans, and hope the builder sees enough value to send business their way.The reali...
The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit
The Consumer Financial Protection Bureau (CFPB) is considering changes to mortgage disclosure and rescission requirements that could alter closing timelines, tolerance rules and the funding of certain refinance transactions.In a request for information published July 9, the ...
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