The Construction Lending Podcast Land Gorilla

In this conversation, we're joined by Andy Woodman, Director of Mortgage Lending at Tennessee Valley Federal Credit Union (TVFCU). TVFCU has recently made waves in the construction lending arena with the roll-out of its new program. Andy brings us inside the journey of implementing this service, targeting the inventory shortage in home sales and responding to the demand from their members in their extensive 17-county coverage area. As we unpack the inception and execution of this innovative program, Andy will share with us the operational essentials such as infrastructure support, specialist staff recruiting, builder vetting, and the importance of documentation. We discuss not just the technicalities of the construction lending program at TVFCU, but also the passion that's necessary to drive such a venture forward.

In this installment, we are joined by Matt Jones, Associate Vice President of Government Housing Finance with the Mortgage Bankers Association (MBA). We'll navigate the industry's pressing priorities and intricate policy landscapes. Our conversation highlights the MBA's role in shaping housing policy and its commitment to understanding and influencing governmental procedures on behalf of its members. Matt provides a comprehensive overview of what's at stake for the industry and homeowners. We also address the current state of political affairs on Capitol Hill and discuss the potential bipartisan nature of housing policy amid political gridlock and looming elections. Get ready for an episode filled with industry perspectives, policy predictions, and a glimpse into the potential future of the housing market.

Join us for an insightful discussion with Jennifer ‘The Reno Gal’ Goldsby, a seasoned professional in the mortgage industry and the VP of Renovation Lending at Diamond Residential Mortgage Company. In this episode, we will explore the intricacies of renovation lending, focusing on effective communication, expertise, and exceptional customer service. Jennifer shares valuable insights, including the need for change in property marketing to highlight renovation financing options, the benefits of renovation programs, especially for first-time home buyers, and sharing multiple resources for finding reliable contractors. Whether you’re a lender, real estate agent, or homebuyer, this episode offers actionable advice to navigate the housing market effectively.

Ready to sharpen your knowledge of the current and future state of real estate entrepreneurship? In this informative episode, we’re sitting down with Josh Ernst from Backflip, a proptech and fintech company. We discuss the role played by real estate entrepreneurs in rejuvenating communities, and how Backflip's commitment to technology is empowering these passionate property professionals. We cover how a customer-first approach fueled growth through the power of referrals and organic buzz. Josh unfolds how Backflip supports modernizing America's aging housing market—even amidst the sharp economic twists, such as the recent spike in interest rates. Discover how their clientele has shown admirable resilience, maintaining their operational pace despite the rising cost of capital.

Get ready for an insightful episode that will take you through the world of title research. Join us as we chat with Dave Mitchell from AFX Research – a leading title research company. Together, we’ll discuss the layers of property liens and the impact of historical recording processes. Dave’s insights will help us navigate the operational challenges that title research presents, and we’ll discover the fascinating intricacies of the research process. We’ll also learn about the herculean effort required to modernize historical and county-specific land records. With title research being key in construction lending, this episode is a perfect blend of technical expertise and personal anecdotes to uncover how lenders can protect their interests despite legal changes.

In this episode, we welcome Ron Haynie from the ICBA to discuss the role of community banks in construction lending and the broader economy.  We explore the importance of consistency, the impacts of political influences, and the regulatory environment on community banks.  We also discuss the potential improvements to the compliance processes via the trial disclosures sandbox initiated by the ICBA. Haynie emphasizes the value of local relationship banking, the advocacy and educational efforts of the ICBA, and their push for innovation to assist community banks.