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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 359
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Deephaven CTO on building a non-QM tech stack

Housing Wire

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. They should also be on top of other compliance considerations such as oversight, training, staffing recommendations and, above all, documenting everything. Nor should it be.

Legal 407
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Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Nor can we ever have a credit sales boom again with lending standards back to normal.

Inventory 381
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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.

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Understanding the Role of an Appraisal Management Company

AmeriMac

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. AI has to be trained on good data. . … Roberts faces a maximum of five years in prison and will be sentenced in six months. Owners with conservation easements can claim an income tax deduction.