Monroe Cap Backs Mortgage Lending to Expats

James Monroe Capital Corp., Chicago, has created a platform to support U.S. mortgage lenders that are interested in funding American borrowers in selected foreign countries."The new platform will allow lenders ... to enter into new markets, which [James Monroe Capital Corp.] will supply," the company said. The platform "is very conservative to protect lenders but uses ... flexible underwriting principles with multiple levels of approval, and multiple ways that an individual can be approved," according to the company. James Monroe Capital said initial use of the platform is scheduled for November.