Online mortgage lending has helped to revive the market for mortgage loan securitizations; new online mortgage lenders are providing a new wave of mortgage loan securitizations for the market specifically with fix and flips; these loans are attractive to investors because of the high yields and offer investors shorter duration investments because of the fix and flip focus; despite defaults and structuring inefficiencies created from the 2008 financial crisis, institutional investors are placing confidence in these investments; LendingHome has been leading the market with steady issuance of fix and flip loan securitizations and the products have been performing successfully for investors indicating the niche investments could begin to scale more broadly. Source
In the latest episode of the Lend Academy Podcast I interview James Herbert, the President and co-founder of LendingHome. We talk about how they have been able to scale so quickly, their goals for the business and where he sees the industry going.
This year's top financial professionals are from a broad range of businesses; Matt Humphrey, CEO of LendingHome which provides real estate loans for homebuyers and fix and flip investors made the list; LendingHome has originated $1 billion in real estate loans; also on the list is Eugene Marinelli, chief technology officer of mortgage tech company, Blend. Source
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