Steve Kelly’s Post

Are you an investor looking for a Line of Credit to grow your business? 📞 Call or Text: 832-431-6331 20+ Years in Business Serving America! ⭐Angelo Christian and funding partners cannot guarantee what terms you will get nor guarantee that you will receive a funding commitment. Our company makes best efforts to qualify you for the best loan that you qualify for in the marketplace. In the end it’s up to you meet the lender requirements. ✅ If you are in the process of buying your home and you’re not sure how the process is supposed to happen. Get into your new home today with Angelo Christian. Click the link below. https://lnkd.in/eydWigm 🎓 Do you want to get your foot in the door with the mortgage industry? Get started by clicking the link below and start making the change that you want to see. https://lnkd.in/eDBcDJz ✅ Sign-up link: https://lnkd.in/e7kS7qc ✅ Watch this video and take a preview inside Real Estate University https://lnkd.in/exdUYcH “CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.” https://lnkd.in/gbav3W4Z #angelochristian #fulllineofcredit, #cashout, #fastcash, #investorcash, #propertyinvesting, #lineofcredit

By using Industry Intelligence from Vertical IQ, Credit Union relationship managers and lenders can quickly and easily learn about a prospect’s or member’s business to ensure they are tailoring financial solutions to best meet the business owner’s unique needs! #ReadinessWins #IndustryIntelligence #CreditUnions

Change can be scary, right? For credit unions, broadening their target beyond just consumer members to include business relationships can be intimidating, to say the least! Thankfully, credit unions have a secret weapon: Industry Intelligence. Credit union relationship managers and lenders can quickly and easily learn about a business to ensure they are tailoring financial solutions to best meet the business owner’s unique needs. Really, it's that easy: https://hubs.ly/Q02PpHxV0 #ReadinessWins #IndustryIntelligence #CreditUnions

The credit market is undergoing significant transformation, presenting both challenges and opportunities. Adapting to these changes is crucial for institutional investors seeking to navigate the evolving landscape successfully. Market participants should proactively address challenges and leverage opportunities to stay ahead in this dynamic credit market. Wilmington Trust shares a great write up of the evolution of thr credit markets and current state and offers services to help. https://lnkd.in/g-rCwp6D

Why are equity release and later life mortgages in the FCA spotlight? 🔦 The FCA’s multi-firm review into the equity release market raised multiple areas of regulatory concern – including lenders failing to consider borrowers’ current financial situation, brushing aside alternative options, and incentivising sales over delivering optimally suitable advice. In our insight, we examine the key issues surrounding later life mortgages – and provide some useful tips for ensuring your advice process complies with the new, more stringent Consumer Duty standards. Read the article: https://bit.ly/3NV2n6b #laterlifemortgages #equityrelease #laterlifelending #customercare #vulnerability #riskmanagement #oversight #ConsumerDuty #salesprocess #financialadvice #mortgageadvice #compliance #FCA

It's was a pleasure discussing some early insights from the latest round of #bank #earningcalls with Marketplace by APM for their story that aired last night on NPR. One interesting note from the first few earnings releases has been the varying strategies banks are taking to loan loss provisions. Most are continuing to keep a close eye on #CRE portfolios, but there is also growing concern about increases in both the number of #revolving #creditcard customers and the level of outstanding balances. Given ongoing economic uncertainty, it is important financial institutions of all stripes -- but especially banks and non-bank #consumerfinance providers -- are: 1) Managing exposure actively across asset classes on the balance sheets 2) Leveraging advances in #analytics and #modeling to provision for losses optimally 3) Utilizing the latest in #compliant best practices across #collections and #recovery to minimize charge offs If you're looking to learn more about the latest on these topics or are struggling with your current approaches, please reach out to me, David Messinger, or any of my colleagues at FTI Consulting to hear how we are working with others to maximize value.

In alternative lending, the client's story can be as crucial as their financials when it comes to funding a deal. Our underwriters look at the 5 Cs of Credit—character, capacity, capital, collateral, and credit—to truly understand your client's situation and find a way to make the deal work. Check out this article to understand the background you need and submit a more compelling story for your best chance at an approval. https://ow.ly/O6Kr50Tjovn #BetterforBrokers #Alternativelending #mortgagebroker

Synchrony says its consumer credit losses are nearing their peak "...The credit card issuer Synchrony Financial says it expects its losses from unpaid consumer debts to peak by July, an encouraging outlook for observers fretting over looming economic stress..." #creditcards #creditlosses #consumercredit #consumerdebt #economy American Banker _____________________________________________________ If you want to immediately see new content that I post 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

In the U.S. part of the Global Financial Crisis now 17 years back, credit rating agencies were one of the painful industry segments. Many properties and securitization deals were offered undeserved pumped-up ratings that convinced investors to pour money into poor investments. But a recent debacle on AAA bonds from a CMBS deal has raised the specter of how trustworthy some ratings might be. CRED iQ recently wrote about 1740 Broadway, "Special servicing workout fees, servicer advances, and other expenses totaled $62.3 million, which left only $117.2 million of net proceeds available to the Class-A investors, which had an unpaid principal balance of $157.5 million. This resulted in a $40.3 million loss (25.6% loss severity) to the A tranche and wiped out all subordinate tranches."

💡 How can commercial lenders thrive in a challenging market? In today's high-interest rate and inflation environment, forward-thinking bankers are finding success by embracing creativity, consistency, and deep industry expertise. Our latest blog reveals insights from top community bank lenders featured in ICBA's Independent Banker. 🏦✨ Key takeaways: Get Creative: Embrace diverse opportunities like small businesses and nonprofits. 🤝 Be Consistent: Use modern technology to streamline workflows and maintain regulatory standards. 🔄 Dive Deep: Focus on specific industries to leverage intimate knowledge and expand your reach. 🏢🌍 Explore these tactics and more in our blog today! #CommercialLending #BankingStrategy #FinancialInnovation #BakerHillBlog