Two tactics, focus forums and shadowing, can increase the nimbleness of your lending platform. These, along with the application of follow-up technology, will increase your staff’s ability to serve borrowers consistently and more efficiently, despite changing volume and tightening margins.
Category: News and Trends
Shekar Narasimhan, CMB, of Beekman Advisors on the State of Commercial/Multifamily
As the commercial/multifamily industry reemerges from the pandemic, MBA Newslink interviewed former Mortgage Bankers Association Board of Directors member and first Chair of MBA’s Commercial/Multifamily Board of Governors, Shekar Narasimhan, CMB.
CMBS Delinquency, Special Servicing Rates Fall
Trepp, New York, reported both the commercial mortgage-backed securities delinquency rate and special servicing rate dropped in November.
CREF22 in San Diego Feb. 13-16
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.
CoreLogic: Homeowners Gained $3.2 Trillion in Equity in Q3
CoreLogic, Irvine, Calif., said homeowners with mortgages (which account for 63% of all properties) saw their equity increase by 31.1% year over year in the third quarter, representing a collective equity gain of more $3.2 trillion and an average gain of $56,700 per borrower.
November Foreclosures Down from October, Up from Year Ago
ATTOM, Irvine, Calif., reported 19,479 U.S. properties with foreclosure filings in November, down by 5 percent from October but up by 94 percent from a year ago.
Parvesh Sahi of ICE Mortgage Technology on Digitizing Correspondent Lending
Parvesh Sahi is Senior Vice President of Business and Client Development with ICE Mortgage Technology, Pleasanton, Calif.
Dealmaker: Newmark Brokers $68M Waterfront Redevelopment Site Sale
Newmark, New York, sold Marina Shores, a 6.1-acre retail shopping center in Long Beach, Calif., to be repurposed for multifamily.
People in the News Dec. 9, 2021: LoanLogics Names Quinn Thomas Chief Revenue Officer
LoanLogics, Jacksonville, Fla., named Quinn Thomas chief revenue officer. He will be responsible for establishing and developing ongoing relationships with LoanLogics’ largest enterprise clients as well as leading the company’s sales, marketing, account management and audit operations.
MISMO Standardizes Property Financial Statement Data Exchange
MISMO®, the real estate finance industry standards organization, seeks public comment on a proposed standard to facilitate a more accurate and efficient exchange of commercial financial operating statement data.