A boost in lending is on the way due to active home building and a rise in new home sales, according to industry figures.
Major homebuilders such as KB Homes, Pulte Homes, D.R. Horton recorded exceptionally high earnings and revenue over the first few quarters in 2013, signaling that home lending will also see a noticeable boost.
Eddy Perez, President with Equity Loans headquartered in Atlanta, Georgia, just opened four additional branches in Washington, South Carolina, Virginia, and Connecticut where he said he will be banking on the referral market from several home builders to boost business.
Stearns Lending, too, announced Monday it is strengthening its “strategic alliances” with the nation’s top homebuilders, including KB Homes.
Stearns CEO Brian Hale told MPA the company has a “defined strategy with homebuilders” who are poised to see stellar growth in the next several years, most of which will be in the Mid-Atlantic coast, the Sunbelt.