Bridge Loans in Your Product Mix, Oct. 19
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About the Event
Bridge loans provide borrowers with short-term financing to purchase a new home before selling their existing property. They also give loan officers a way to keep deals moving and offer clients more than a conversation about rate. This webinar will explore how bridge loans work, the borrower scenarios they address, qualification requirements, costs, repayment considerations, and potential risks. It will also look at how bridge financing can help lenders re-engage clients already in their database and strengthen their referral relationships with agents. Participants will learn how bridge loans compare with other home equity options and how to evaluate incorporating bridge financing into their product mix. The discussion will provide practical insight into using bridge loans to create flexibility for borrowers, and new opportunities for originators, during the home buying and selling process.
Date and Time:
Monday, October 19 (1:00 PM – 2:00 PM ET)
Objectives:
Explain how bridge loans work and the borrower scenarios they are designed to address
Identify key qualification, pricing, cost, and repayment considerations
Compare bridge loans with HELOCs and home equity loans
Evaluate the potential benefits and risks of adding bridge lending to a lender’s product mix
Recognize opportunities to use bridge financing to provide greater flexibility to borrowers navigating a home purchase and sale
Target Audience:
Mortgage loan originators and loan officers
Mortgage brokers and lenders
Underwriters and processors
Production and sales leaders
Mortgage product managers
Business development professionals
Mortgage professionals interested in expanding their product offerings
Speaker(s):
Wanting Jiang, Senior Marketing Manager, Flyhomes
Kaitlyn Miller, National Account Director, Flyhomes
David Rossiello, Area Manager, Loan Depot
