Arbor Commercial Mortgage, LLC, Uniondale, N.Y., this week named Trevor Leslie Smith as director of lending in its Boston office.
Smith will be responsible for originating loans under all of
Smith reports to Ken Fazio, senior vice president, national production manager.
Prior to joining Arbor, Smith served as senior financial analyst and team leader of the Multifamily Lending Group at Key Bank Estate Capital.
The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction.
The lender claims an originator ambushed executives in a negotiation with the confidential company financials and claimed to have shared them with competitors.
While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
The real estate fintech touted Doma's role in Fannie Mae's title-acceptance pilot as key to the deal, which follows Opendoor's recent mortgage product rollout.
Home prices increased 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index.
Full documentation was completed on just 17.9% of the pool, Fitch said, while bank statements and debt service coverage ratio (DSCR) account for 17.6% and 28.0%, respectively.
