Consumer Mortgage Lending In Banking Industry
We are interested in multiple experts and likely decision-makers in the banking industry with direct oversight or insight into the consumer mortgage lending space.
We are looking to speak to individuals with a high-level understanding of the mortgage market, including key priorities, pain points, and solutions on the market.
This would be for a 1-hour paid phone consultation.
To show your relevance in this space, please answer with a few brief statements the question below.
1. What is the level or extent of your experience in this space?
2. Do you have direct oversight or insight into the bank's mortgage lending division?
3. In what capacity can you speak to the consumer mortgage lending process step by step, including current solutions on the market?
4. Can you speak to banking priorities generally, in lending, and in consumer mortgage lending? Please explain.
**please note that we are only interested in your personal point of view and are not seeking confidential information.
***referrals are highly appreciated +28 Other Responses
Seeking a mortgage banker with a warehouse line of credit to underwrite and fund sfr rental homes. The warehouse line of credit will hold the loan while our investment banker underwrites the bond typically 30 days then sells it into the bond market. Can do about $10 to $20m a month. The mortgage banker then takes the funds received from the sale and repays the line of credit (warehouse lender) which was utilized to fund the loan. Once the warehouse line is paid off, the process starts all over again.
We are open to an equity position with our firm.+7 Other Responses
I am an attorney in bushnell, sumter county, florida. I am defending a foreclosure case in which it appears to me that the bank failed to comply with part 34 - real estate lending and appraisals, subpart d - lending standards, section 34.62 - real estate lending standards, appendix a to subpart d - interagency guidelines for real estate lending as set out in title 12 of the code federal regulations. Specifically, i am interested in the supervisor loan-to-value limits. The bank, which is a national bank, claims that it is not required to comply with the ltv limits set out in the regulations. In essence, the bank loaned my clients 85% of the appraised value of the property. The purchase price of the land was $400,000, the loan was for 280,000, and the appraisal was $330,000. My clients did not know of the appraised value until more than a year after the loan closed. The loan officer told my clients they were getting a 70% ltv loan. The property was unimproved raw land that was owned by the bank. The bank had purchased the property for $325,000 3 months before they entered into a contract to sell it to my clients. The bank had intended to use the property for a branch location but found a better site. If the bank was required to follow the regulations in making the loan, then i would like to retain your services as an expert witness.+9 Other Responses