Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Awards

2020 HW Rising Star: Devang Patel

Toorak Capital Partners Director of Business Development and Acquisitions

Devang Patel
Toorak Capital Partners Director of Business Development and Acquisitions, Age: 35

In just four years, Devang Patel assisted in building a nationwide correspondent network and acquisitions process for Toorak Capital Partners that has purchased more than $3 billion in loans. In 2016, Patel was the first hire for KKR’s loan-aggregation platform, Toorak Capital Partners, where he now reports directly to the CEO. Patel was instrumental in building an operational front-to-back loan purchasing process, which has facilitated the purchase of over 13,000 loans and a multi-billion-dollar loan balance since 2016. Throughout his career, Patel has excelled at taking on increasing levels of responsibility across equity capital management, loan securitizations, ratings operations, due diligence and business development. Patel manages a team for business development, relationship management, client onboarding and loan due diligence operations. He regularly presents at KKR Board of Directors meetings, where he has spoken on Toorak Capital Partners business development, operations and credit performance.  

What is the best piece of advice you have ever received?  
“Work hard and take a chance on yourself. For 18 months, Toorak employed five employees. I took a leap of faith and was rewarded with the opportunity to help build the largest capital provider to the residential bridge market. I am thrilled that I seized this fantastic opportunity.” 

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Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

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