Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

With a reinvigorated CFPB, what’s next for the NYDFS?

While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS.

Does your CRM hurt or help the customer experience?

In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

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Acra Lending launches new jumbo prime program

The new program features LTVs up to 90% with loan amounts up to $3 million

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

“This specific program has been developed to meet the needs of customers in today’s environment and was launched to provide borrowers with the larger loan amounts they need to purchase or refinance a high value property,” said Keith Lind, Acra Lending executive chairman and president. “With this addition, Acra is once again demonstrating its commitment to identifying, responding to and anticipating the needs of borrowers across the market while maintaining the high standards of responsible lending that are the foundation of our business.”

The new Jumbo Prime mortgage program features LTVs up to 90% with loan amounts up to $3 million. The program comes at a time when jumbo mortgages are harder to access for borrowers due to ongoing economic downturn caused by COVID-19.

“We continue to focus on building on our track record of leadership in the non-QM space by developing programs that are at the forefront of the industry,” Acra Lending CEO Kyle Gunderlock said. “The program will allow our network of industry professional access to a solution for their clients who are looking to buy or refinance high value primary homes, second homes and investment properties.”

To find out more about this program and Acra’s suite of mortgage lending options for mortgage professionals, visit the company’s new website at acralending.com

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