Expanding Production Through Construction and Renovation Lending, Sept. 16
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About the Event
Renovation and construction lending represent significant growth opportunities for mortgage lenders, but they remain specialized areas of the industry due to operational complexity. As housing inventory challenges persist, these products can help lenders serve more borrowers while creating new production channels and growing market share. MBA’s Expanding Production Through Construction and Renovation Lending workshop will help members better understand the renovation and construction lending landscape, gain confidence in the lending process and evaluate whether these products represent a viable growth opportunity for their organizations.
Experts will discuss the business case for offering renovation and construction lending products and explore the major loan programs available in the market. Participants will learn the fundamentals of managing these transactions, including contractor oversight, draw administration, appraisals and successful loan execution.
Date/Time:
Wednesday, September 16 (11:30 AM – 5:00 PM ET)
Objectives:
Understand the business case for renovation and construction lending, including how these products can help lenders address housing inventory challenges, expand borrower opportunities, and grow market share
Identify and compare the major renovation and construction loan programs available in the marketplace and their appropriate use cases
Describe the key operational components of renovation and construction lending, including contractor management, draw administration, appraisals and project oversight
Understand the unique risks, challenges, and compliance considerations associated with renovation and construction loan transactions
Evaluate whether renovation and construction lending products align with their organization’s strategic goals, capabilities and growth objectives
Experience Level:
Foundational
Intermediate
Advanced
Target Audience:
Branch Managers and Heads of Production
Loan Officers and Loan Officer Assistants
Underwriting Mangers and Underwriters
Compliance and Risk Management Professionals
Strategy Professionals
Speakers:
Jim Bopp, Vice President, National Renovation Lending, Planet
Iain Bopp, Strategic Partnerships and Operations, Residential Lending Software
Jennifer Davenport, Single Family Risk – Product Management – Lead Associate, Fannie Mae
Richard Day, Vice President of Mortgage Lending, Renovation Specialist, Rate
Blake Duncan, Vice President, Margin and Pricing Manager, Citizens
C. Brian Faux, Director, Office of Program Development, Single Family Housing, Federal Housing Administration, U.S. Department of Housing and Urban Development
Jennifer Goldsby, Renovation Lending Consultant, The Reno Gal LLC
Greg Hall, National Director of Renovation Lending Products, Primary Residential Mortgage, Inc.
Austin McKnight, National Construction Sales Leader, Primary Residential Mortgage Inc.
John McMullen, Senior Policy Advisor, Residential Policy, Mortgage Bankers Association
Nicole Smith, Senior Wealth Mortgage Banker, U.S. Bank
