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Single-close construction loans a growing business

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Mortgage Professional America | 09 May 2016, 06:30 AM Agree 0
AFR removes headaches from construction lending
  • Jerry Sattler | | 12 May 2016, 06:59 PM Agree 0
    Great article. Couldn't agree more. Strong communication with the borrower & builder upfront and an experienced construction mortgage administration post closing is a critical piece to any successful construction lending program.

    I'll also add that 'knowing your builder' is equally as important to a strong construction mortgage portfolio. A good builder is a wonderful source of referrals. A bad builder, on the other hand, is a wonderful source of troubled assets with mechanic liens & angry homeowners.

    I love that this type of dialog is occurring & construction lending is making a comeback!

    Jerry Sattler
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