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In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions. “We We believe in being a true partner to our clients,” said John Hedlund, chief operating officer of AmeriHome.
The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.
Back in 2008, an artificial housing bubble burst due to reckless mortgage lending and speculative buying, leading to widespread foreclosures and a dramatic drop in home prices. Staying in consistent touch with clients, lenders, contractors, and other industry professionals can enhance service offerings and strengthen clientrelationships.
HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.
It ensures team members understand their duties and responsibilities, helps build quality clientrelationships and creates a positive work environment. This is how lenders can exceed their customers’ expectations, deliver better borrowing experiences and cultivate stronger relationships within their client base.
Historically, though, professionals let their clients go after the transaction is complete rather than building a moat around the client that assures future transactions. The newest prop tech applications to moat the clientrelationship are home management tools.
This efficiency enhances the overall lending process, allowing LOs to accelerate their workflow and reduce the time it takes to close deals. Borrowers are more likely to appreciate the speed and efficiency of an LO who can promptly guide them through the lending journey.
It helps ensure fair real estate deals and simplifies mortgage lending by reducing risks of overvaluation. AI tools enhance efficiency, accuracy, and cost-effectiveness in traditional appraisals by analyzing available data, identifying patterns, and providing consistent property values.
You should be there to help take away any mystery in your client’s search for a new home and provide reassurance that they’re getting the best value. Help Get a Client Pre-Approved for Lending. It might be a red flag to your client if you’re not very creative or well-versed in the very tools that help sell homes.
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