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Dominion Financial

Optimizing With an Eye on the Future Dominion Financial Services is a nationally recognized private lender in 49 states that originated over $180 million in loans in calendar year 2019 to experienced real estate investors through four lending products:  Fix and Flip loans, 30 year Rental loans, Ground Up Construction loans, and Small Multi-Family loans. The Challenge Dominion’s legacy system had been cobbled together over a number of years to power their interest based loan business. …

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Billd

Billd is a material supplier who provides short-term financing for the construction industry. Their aim is helping contractors and suppliers grow their businesses with less hassle and risk. They offer credit up to 120-day terms for contractors, who usually aren’t paid until more than 90 days after purchasing materials – allowing contractors to scale their business and stabilize cash flow. Billd understands that traditional credit data can be a poor predictor in the construction industry and …

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API Lender Integrations for ISOs

Fundingo Loan Management Software Is Offering API Lender Integrations Our loan management software has a new lender integration features available for our lending companies. Here are the key takeaways: Added integrations with 15 lenders Data and functionalities can be used within Fundingo Each integration comes with a lifetime license We’ve included features to improve your data quality

Five Ways to Lend Better by Using Data

What are the two types of lenders who won’t last? Those who don’t use their data. All jokes aside, data is the lifeline that keeps lenders ahead of their challenges. There will never be a time with no struggles to overcome. The way that every financial institution has endured is by planning with data. Who are lending metrics really for? Smaller lenders may think they’re exempt from the rule that businesses need data. That couldn’t …

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Are We Ready for Paperless Mortgages?

Though finance is seeing its peak of online interactions, one sector still lags. Due to a complicated history of legislation, mortgage lending has taken place primarily in person since its beginning. Now, with online finance lagging in the pandemic recovery, how far does mortgage lending have to catch up? Consider how far the process of buying a house has come in the last 20 years. Buyers can find homes as easily online as they once …

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Construction’s Pandemic Recovery is Green

For the first time in history, the value of oil dropped into the negatives in April. While it has recovered for now, some are predicting an incomplete recovery at best. In the greater context of post-COVID life, the safest investments will be green. Construction has faced numerous challenges since the beginning of the pandemic. Supply-chain interruptions and rising costs of materials posed a unique set of issues to the industry. While new construction has ultimately …

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Distance Work Opportunities Could Result in Mortgage Boom

According to Zillow, new work-from-home jobs could result in nearly 2 million potential home-buyers. According to the study, “Three-quarters of Americans working from home because of the coronavirus say they want to continue if given the option, and two-thirds say they would consider moving if given that flexibility.” Before the pandemic, house options were tied to job locations. Distance work now offers them options in new areas. The study focused on renters earning wages too …

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July Sets a Record for New Home Sales

The pressure to find new homes during the pandemic does not come as a surprise. With mandatory lockdowns, individuals and families are finding themselves behind closed doors more than ever before. Schools and universities are delaying or even cancelling in-person classes. Space is tight, stress is high, and naturally, people are seeking new opportunities to be comfortable in their space.  Following this push, sales of new homes have reached a 13-year high. Naturally, wealthy individuals …

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Finance’s Lessons Learned from the COVID-19 Pandemic

After months of uncertainty, we are finally beginning to see the light at the end of the tunnel following the COVID-19 pandemic. Every industry faced intense change. Some particularly stood out for their ability to adapt and even thrive during the pandemic. Outstanding resilience shown by transportation, healthcare, and food production did not go without praise. However, banking and finance still have much to learn going forward. The financial services that stood out the most …

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