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How JVM Lending plans to expand without any loan originators

Housing Wire

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 361
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world. 375% below the market.”

Mortgage 339
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Big non-agency players prepare for a blockchain future

Housing Wire

It may still be a ways down the track, but the engine powering the blockchain train is already rattling the tracks. And then further on down the line, open it up to other retail investors, but that depends on the regulations in place.”. CoreVest is Redwood’s business-purpose/investment-property lending and securitization affiliate.

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Appraising Historical Homes

Appraisal Today

Many downtown mixed-use buildings (retail and apartments) are in my city. Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. This differs from residential, where small independent appraisal companies do most of the training.

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There’s No Correct Answer in Appraising

McKissock

He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. ” I’d call her “ignorant” (lacking in education, training, or knowledge…a person who is ignorant is one who is uninformed or is unaware of a subject or fact). In this case, he was also the client.

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Appraisers: Be Careful with Your Words

Appraisal Today

Activities through the rest of 2023 and during 2024 will include software development, system updates and testing, and the kick-off of training for appraisers, AMCs, and mortgage lenders. Appraiser training opportunities include in-person and online courses for CE credit as well as webinars and other informational sessions.

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Appraisers and Property Data Collectors

Appraisal Today

While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.