The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.

LenderClose, Des Moines, Iowa, appointed Tana Krumm as Vice President of Marketing, responsible for analyzing the market to formulate and position differentiating marketing strategies.

JLL Capital Markets arranged nearly $137 million in financing for multifamily projects in California, Colorado and New Jersey.

One of the most remarkable mortgage technology developments in the past couple of years has been emergence of Remote Online Notarization as standard operating procedure. And the industry has Rick Triola to thank for that.

On the website of Clarifire, a Software-as-a-Service company specializing in workflow automation in multiple industries, particularly mortgage servicing, the company declares its vision: “To transform chaos into clarity.” And that is a philosophy perfectly embodied by MBA 2020 Tech All-Star Jane Mason, CEO and founder of St. Petersburg, Fla.-based Clarifire.

In this week’s communication, you will find several updates pertaining to MBA’s efforts regarding the coronavirus (COVID-19) pandemic and other industry activities. For additional updates related to COVID-19, please visit MBA’s residential community page for helpful resources and other policy developments.

To help inform consumers about the appropriate time to contact their mortgage companies, the Mortgage Bankers Association has created a 30-second video and corresponding ads for members’ use.