The Construction Lending Podcast

Guest, David Willoughby, Vice President and Director of Construction Lending at Stockton Mortgage discusses their successful foray into the niche market of construction-to-permanent (C2P) lending for manufactured housing. Willoughby explains the benefits of C2P loans for builders, borrowers, and lenders. The conversation explores the training and support for loan officers to ensure they are knowle...

With a population of over 39 million, California has experienced a sharp rise in housing prices, making homeownership increasingly unaffordable. Senator Newman, representing California’s 29th District, shares insights on the regulations, market forces, and political obstacles that have fueled the crisis, including Proposition 13 and the California Environmental Quality Act. Senator Newman explores...

Loan originator, John Marshall, shares over four decades of experience in originating custom construction loans. Gain valuable insights on building strong relationships, navigating the draw process, working effectively with title companies, and understanding the nuances of various lender options. John also shares his expertise on industry regulations, communication strategies, and the personal jou...

Peter Benjamin, President of ACUMA, joins this episode's discussion on credit unions and their role in the mortgage industry, tackling hot topics like liquidity concerns, employee morale, and the ever-evolving landscape of purchase business. Peter shares insights into the challenges and opportunities facing credit unions, emphasizing the importance of modernization and staying ahead of the cur...

We’re shedding light on the nuances of title insurance and attorney opinion letters, including understanding when to choose each option to balance coverage and drive down closing costs for borrowers.

Join us as mortgage insurance expert Kevin Hearden from MGIC breaks down the intricacies of MI in construction loans. We delve into activating and canceling MI, special considerations for the construction phase, and strategies for managing MI throughout the loan lifecycle. This is an essential guide to understanding the world of mortgage insurance for construction loans.

With affordable housing out of reach for many Americans, off-site construction is helping many finally attain home ownership. Ramsey Cohen, Director of Industry and Community Affairs from Clayton Homes, joins this episode to discuss how off-site construction tackles the housing attainability crisis by offering faster completion times and financial advantages. We explore how these innovative homes...

This episode will guide construction lenders through the critical world of builder’s risk insurance with expert Daniel Gilman from Morris and Garritano Insurance. Our comprehensive discussion covers everything from the essential coverage builder’s risk insurance offers for materials and property during construction to the importance of having both property owners and general contractors named on t...

In this conversation, we're joined by Andy Woodman, Director of Mortgage Lending at Tennessee Valley Federal Credit Union (TVFCU). TVFCU has recently made waves in the construction lending arena with the roll-out of its new program. Andy brings us inside the journey of implementing this service, targeting the inventory shortage in home sales and responding to the demand from their members in t...

In this installment, we are joined by Matt Jones, Associate Vice President of Government Housing Finance with the Mortgage Bankers Association (MBA). We'll navigate the industry's pressing priorities and intricate policy landscapes. Our conversation highlights the MBA's role in shaping housing policy and its commitment to understanding and influencing governmental procedures on behalf...

Join us for an insightful discussion with Jennifer ‘The Reno Gal’ Goldsby, a seasoned professional in the mortgage industry and the VP of Renovation Lending at Diamond Residential Mortgage Company. In this episode, we will explore the intricacies of renovation lending, focusing on effective communication, expertise, and exceptional customer service. Jennifer shares valuable insights, including the...

Ready to sharpen your knowledge of the current and future state of real estate entrepreneurship? In this informative episode, we’re sitting down with Josh Ernst from Backflip, a proptech and fintech company. We discuss the role played by real estate entrepreneurs in rejuvenating communities, and how Backflip's commitment to technology is empowering these passionate property professionals. We c...

Get ready for an insightful episode that will take you through the world of title research. Join us as we chat with Dave Mitchell from  AFX Research  – a leading title research company. Together, we’ll discuss the layers of property liens and the impact of historical recording processes. Dave’s insights will help us navigate the operational challenges that title research presents, and we’ll discov...

In this episode, we welcome Ron Haynie from the ICBA to discuss the role of community banks in construction lending and the broader economy.  We explore the importance of consistency, the impacts of political influences, and the regulatory environment on community banks.  We also discuss the potential improvements to the compliance processes via the trial disclosures sandbox initiated by the ICBA....

In this episode, we're joined by HUD consultant, Bob Canty, to unpack 203(k) loans. With a growing inventory of aging homes, Bob will explain why the 203(k) loan program isn't just necessary, but vital for home repairs and alterations. He'll discuss the importance of full home inspections and the pivotal role of choosing a strong contractor. From a HUD Consultant’s view, we'll talk...

Get ready for an enlightening discussion as we're joined by William Brown, a seasoned expert in the renovation lending industry, who's here to shed light on pivotal changes and challenges within the industry. In this episode, we dissect recent proposed adjustments to the FHA 203(k) program and the potential effects from contractor selection and project timelines to administrative and finan...

Thrive Mortgage's Focus on Construction Loans We are joined by Mitzi Hutchens, Director of Special Programs at Thrive Mortgage. We'll be exploring their operational domains and their diverse construction loan programs which include FHA, VA, and conventional renovation programs. We'll speak about their continual efforts to enhance their renovation lending and the valuable construction-b...

Welcome to "The Top 5", our regular segment where we delve into recent housing headlines and explore the potential impact on construction lending. In this discussion, we will explore the factors that are keeping homeowners rooted in their current properties, exacerbating the affordability issue in the housing market. Additionally, we'll delve into how local and state agencies are ado...

Welcome back to another episode of The Construction Lending Podcast. Are you ready to understand the nuts and bolts of construction inspections? In today's episode, we chat with Blake Walter from Walter Residential in Atlanta, Georgia. Blake gives us a clear vision of the challenges in new construction and renovation inspections, and discusses the use of technology for efficiency in the field....

In this episode of The Construction Lending Podcast, we explore Waterstone Mortgage's one-time close construction loan program with its Vice President of Construction, Nicole Wolfgram. We cover the program's significant impact on the market, its importance to loan officers and the community, and the complexities involved in construction lending. With the construction sector at the helm of...

In today’s episode, we interview Heather Penziol and Kate Bohlin from Horizon Bank. They’ll be sharing their insights, and experiences in the world of construction lending. They also emphasize the importance of aligning expectations to avoid any potential issues. Also covered is the importance of training, managing customer expectations, and establishing clear policies and procedures. Our guests h...

In today's episode, we dive into the intricacies of state statutory requirements and how they impact construction lenders. Our guest is Sean Faries, the CEO and founder of Land Gorilla. We discuss the importance of understanding state requirements, balancing risk, and minimizing borrower friction in the lending process. Sean also discusses a valuable resource from Land Gorilla, the State Compl...

Ed Peace from the USDA joins us to discuss their unique new construction loan programs for rural markets. With the only construction to permanent program that is Ginnie Mae securitizable at closing, the USDA Single Family Housing Guaranteed Loan has much to offer borrowers. Lenders benefit from the ability to book the ROI of the loan quicker. In our discussion, we cover the shifts of home building...

Today’s topic is about alternative solutions to affordable housing including Factory-Built Housing. It is no surprise that we have a housing inventory and affordability crisis. But there are some great alternative, affordable solutions to a stick-built home such as factory-built. What are the benefits and challenges of Factory-Built Housing? Listen as we uncover this alternative solution.

In this episode, join our conversation with 1st Security Bank as they discuss their journey to become a leading custom residential construction lender in their market. Garth Kent, Home Lending Collateral Underwriting Manager, VP for 1st Security Bank walks us through the growth of their program, the strategic approach to scaling and enhancing customer experience, overcoming challenges, and the imm...