How “E” Can You Be in Private Money Lending

It’s never been clearer that there’s been a major pivot in the race to achieve the best hard money lending experience.  It is clear the Digital Mortgage experience is more important than ever to lenders’ and loan officers’ production, profit and customer satisfaction. I recently joined Brian Boike, VP of Product Management at Simplifile, to…

The Payment is in the Mail and The Dog Ate My Homework

Originating and Servicing Hard Money Loans requires active listening to a Story.  There is typically a reason why the loan is not being funded conventionally.  Each hard money loan’s unique scenario potentially stretches guidelines as oftentimes the loan characteristics don’t fall into a Conventional or Non-QM underwriting box.  Many times, a loan’s wrinkles are legitimate…

10 Influences on Hard Money Loan Rates

With conventional mortgage rates near historic lows, I often get the question about: “What factors impact Hard Money Loan Rates (HMLR) and the subsequent yield on Trust Deed Investments?” The influences on conventional rates funded by our Government vs. hard money rates funded by private parties are completely different. This diagram describes the supply of…

Gaps, Cracks and Whacks: A Hard Money Lenders Guide to Identifying and Preventing Poor Quality Contractors and Construction

Many hard money loans in Orange County involve a borrower rehabbing or repositioning a property before a sale or rental. The resulting property sale or rental will happen faster when the rehabber deploys proper project management and quality construction. A well-run project will facilitate a timely exit and the lender won’t have to fix substandard…

Hard Money Loans & Trust Deed Investments – Test, Measure, Iterate

As CrowdTrustDeed enters its 4th year, I want to thank you for your continued support. When Mortgage Vintage founded and established CrowdTrustDeed on January 1, 2015, our vision was to use technology and data to help our borrowers and brokers receive a more streamlined origination process that provided more surety of funding while facilitating better Trust…

Hard Money Loans Solve Real Problems

In a recent top-rated business Podcast, Tony Robbins stated that “The Best Business’ Solve Real Problems.” Besides being simplistic, direct, transparent, and fast, Hard Money Loans and Trust Deed Investments solve real issues that finance seeking professionals encounter. This month’s Blog analyzes the problems facing Orange County and other Southern California Mortgage Brokers, Business Owners,…

5 Selection Criteria for Any Hard Money Loan

Every year, NFL executives, scouts, coaches, and analysts fly to college football games, scour videos, and scrutinize statistical reports about potential draft selections.  The NFL conducts the Combine where NFL prospects try out in front of representatives from the 32 NFL teams.  Production, Height-Weight-Speed, Durability, and Intangibles are all weighed and analyzed.  The number crunching…

Leverage Fintech and the Internet

The Internet continues to destroy old and create new business models.  Disintermediation runs rampant.  How does a financial services business survive and thrive in the Financial Technology “FinTech” space and create a profitable business model in today’s Internet world? Old Business Model Internet Model Principle Banks Marketplaces and Crowdfunding 1 Blockbuster Netflix 2 Credit Cards…

Air and Attitude

Go West Young Man/Woman! Our Fathers, Settlers, Adventurers, Immigrants, acted on this battle cry and moved west to California. We all know about the weather, but why else do residents put up with California’s housing prices, taxes, traffic and liberal slant? Why do we choose to live here in the land of “fruits and nuts?”…

What’s Your Version?

The new Windows 10 is about to hit the shelves.     Wow.  What a sometimes frustrating but exciting ride from DOS.  The imminent Windows 10 Version made me think about my own personal and professional resets and upgrades and how everyone should enjoy and contemplate their own life upgrade process. I’m on Sandy Version 4.0.  IBM…

Trust but Verify

I enjoy meeting people and I prefer to go through life trusting people when we first shake hands.  I always like to assume that people I meet are generally good people.  However, these days our motto is and has to be “Trust But Verify”.   As part of Due Diligence it is incumbent on a private…