Remove Clients Remove Home Improvement Remove Lending
article thumbnail

Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

In an exclusive executive conversation, HousingWire sat down with Jonathan Scarpati, senior vice president of Wholesale Production at Finance of America , to explore home equity products, opportunities for mortgage professionals to leverage them, and more. Jonathan Scarpati: I started with Senior Lending Network out of New York.

Finance 370
article thumbnail

Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The keys to lending in a post-refi boom world

Housing Wire

Tessar, President and CEO of CIVIC Financial, about the keys to lending in a post-refi world. If lenders do not offer this product, these clients will find financing elsewhere. WJT: CIVIC is a top originator and leader in the business purpose lending space, providing lenders products to supplement their business.

Lending 364
article thumbnail

What role does the servicer play in creating clients for life?

Housing Wire

Customer Retention: When we think of new loans, this comes in a few forms in the current market: the last of the rate/term refis before rates rise, cash-out refis for both home improvement and debt consolidation, and, of course, new purchase loans. The post What role does the servicer play in creating clients for life?

Clients 397
article thumbnail

First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 434
article thumbnail

Finance of America now offers renovation loans

Housing Wire

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor.

article thumbnail

Meet the homeowners giving up 4% mortgages and opting for cash-out refis

Housing Wire

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

Mortgage 497