Civic Financial Services, an institutional private money lender, added Prateek Khokhar as the company's chief financial officer.
Civic Financial Services, an institutional private money lender, added Prateek Khokhar as the company's chief financial officer. In his new role, Khokhar will be responsible for overseeing the company's finances and guiding its growth.
With nearly 20 years of experience in the mortgage banking industry, Khokhar has substantial expertise in debt and equity capital raising, merger and acquisitions activity, financial oversight, treasury management and overall corporate finance. He is a frequent featured speaker at Mortgage Banking Association conferences and in 2018 was recognized by National Mortgage Professional magazine as being one of the 40 most influential mortgage professionals under 40.
Prior to joining Civic, Khokhar served as CFO at American Pacific Mortgage and at Skyline Financial Corp, where he served alongside William J. Tessar, Civic’s president.
While at Skyline, Khokhar led the spinout of CloudVirga, a fintech platform that provides a digital point-of-sale solution for mortgage companies. He also held executive financial and capital markets positions with PMAC Lending, Prospect Mortgage and Home Savings Mortgage. Khokhar earned his BA in Economics from UCLA and his MBA from Pepperdine University.
The dispute over publicly marketed homes comes amid a Compass–Rocket alliance linking home search, buyer inquiries, and financing offers
Six multiple listing services have sued Compass over its demands that they stop penalizing agents who publicly market homes without sharing the listings through the MLS, escalating a dispute over who gets access to for-sale inventory and when.The lawsuit, filed Oct. 21 in th...
Veterans United’s survey finds less willingness to hold out for lower rates, but little change in purchase timelines
Prospective homebuyers are growing more pessimistic about interest rates, and less inclined to wait for relief.In Veterans United Home Loans’ latest survey, 57% expect interest rates to rise over the next year, up from 45% a year earlier. Yet the share who would consider wai...
The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels
September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions
The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders
Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028