Transcript: College BY: Brandon Ball College cont. Villa Nova Financing Group A local business in Warren, NJ. Fixed and adjustable rates Advanced Opportunities Qualifications to start off you have to have a high school diploma. However if you are dealing with mortgage, you need a 4 year degree in finance, economics or business. Also need training from a already registered commercial lender Commercial Lender 2 Businesses To get into Texas, the amount per year instate is $9,418 Out of state the cost of a year is $33,264 minimum gpa isnt really liable, but you need to do very good on your SATs to get in You can sell mortgage Commercial Development Officer Banking Lender Financial Analyst Loan Officer Car Loans Salary is $71,000 Texas University One of the top business schools Provide majors in all types of accounting have very good professors for commercial lenders and accountaints Offers a great undergraduate program for commercial lenders Amboy Bank Closest location is in New Brunswick They sell any sort of loans including land
Transcript: Responsibilities as a Commercial Lender Commercial lenders are used specifically for loans to businesses All companies have complex financial situations, which requires human judgement from a commercial loan officer Some loans for companies are too large for a single bank, so a commercial lender will have to work with multiple banks in order to provide a package of loans By:Ryan Brennan University of Michigan has a solid undergraduate business program A major that would be beneficial for a commercial lender would be finance or business University of Michigan is ranked number 4 in the country for business and number 3 for finance A bachelor's degree would take 4 years to earn The cost for tuition and room and board is $43,377 a year One famous alumni from University of Michigan is Richard Costolo, who is the CEO of twitter Available job continued Salaries range from $32,000 to $120,000 The average salary is around $60,000 There is a project growth in employment as a commercial lender of 8 percent Advancement beyond being a commercial lender is supervising other commercial lenders A bachelor's degree in either business or finance is the minimum requirement to become a commercial lender Commercial lenders must also understand general business accounting Once hired, commercial lenders receive on-the-job training Available Job as a Commercial Lender Commercial Lender as a Career One company that has an open position as a commercial lender is Capital Bank The description of this job is that this person "Examines, analyzes, evaluates, and authorizes or recommends approval/denial of customer applications for commercial loans. Monitors and maintains existing commercial loan portfolio. Provides customer service to commercial Bank clients." Capital Bank is a large company that was founded in 1998 Capital Bank provides a range of commercial banking services which make up about half of the bank's loan portfolio (total of all loans held by the bank) What is a Commercial Lender? It is required to have a bachelor's degree as well as 3-5 years commercial lending experience College to Attend Commercial Lender Contact companies to ask if they need a loan Meet with the companies to gather information Explain different types of loans Obtain and verify financial information about the company Approving the loan application
Transcript: We have worthless investments Sub-prime mortgages "Insured" CDO Things to get started ;) We can't pay our "Credit defualt swaps" House owners started to default -Credit defualt swaps Mortgage CDO Mortgage Mortgage Investment The Financial Crisis Collateralized debt obligation -Mortgages: The turning point Mortgage -Investment Banks Banks got the ownership of the houses Investment bank -Credit rating agencies -We cant sell our CDOs -So we can't pay our laons Investors I own these houses! investments It was a way-invented by investment banks- to link the investor with the home owenrs and let the bank have a good commission Investors Investment Banks More CDO Sub-Prime Mortagegs lender Mortagages Mortgage lender Prime mortgages Mortgages
Transcript: This project aims: 1. To aid librarian and shorten the lending process 2. To show book’s usage statistics 3. To have an easy access to book’s availability 4. To present the borrower’s due date and fines 5. To audit fines The library is a facility in USeP where students usually go to study and read. Students and faculties come and go almost every second. Considering the population of library users, the librarians and staffs may find it difficult to accommodate everyone in the very least time possible. Given the fact that the library is still “manual logging” every transactions makes it time consuming, and thus accommodates less students. Having an automated logging will make library transactions easy and fast, making it more convenient to both the librarian and the student. Thus, the proponents came up to an idea of developing a program that focuses on the said problem. The proposed program is entitled “Book Lender”. We, the researchers aim to solve the problems that the STLRC of the College of Engineering are facing. With the objectives stated above, we ought to provide a hassle-free transaction between the staff and the student. One of the benefits for the librarians’ side is it would lessen the burden of their work and have an easy and fast access to books the students want to borrow. Furthermore, this program would give the staff a permanent and clear record of the transactions inside the library. Book Lender How it work? Introduction Objectives Significance of the Project
Transcript: + 1985 David A. Petersen COO, NAI Hiffman acquisitions dispositions property management leasing & subleasing tenant representation product representation investments sales lender solutions 2000 Our past experience has prepared us for the challenges that lie ahead of you. Your business is our business. Creative & strategic collaboration leads to unexpected solutions for each of our unique clients. Divisions We promise the best service. We deliver and go beyond. The success of our clients and our reputation are the proof. Unique Advisory Services Exceptional Lender Qualifications Now Unparalleled Real Estate Experience Asset Management Industrial & Logistics Investment & Multifamily Office & Medical Retail & Land Services NAI Hiffman is the largest full-service, privately owned commercial real estate brokerage and management company in the Chicago region. The firm changed its name to NAI Hiffman Became the Chicago regional partner of NAI Global Aqcuired Scribcor Real Estate Services Founded in 1981 by Dennis Hiffman Our mission is to provide expertise and services to realize maximum potential in each transaction, delivering valuable creative and strategic solutions to our clients. 2001 For additional information, contact: Timothy P. Buss, CCIM tel 630 693 0648 mobile 312 399 8127 email@example.com
Transcript: Mortgage Loan Basics Strategies for finding the right lender and loan product Front-End Ratio Back-End Ratio Down Payment Types of lenders Option 3 Jumbo vs. Conforming loan Different Types of Mortgages Option 2 Government Insured vs. Conventional loan Rights as a loan Customers How much can I afford Decide what kind of lender you want Shop Around Talk to your Agent or Advisor Read the Fine Print Get referrals for people you trust Get Background Check Qualifing for Mortgage Loan Truth in Lending Act Fair Housing Act Real Estate Settlement Procedures Act Equal Credit Opporunity Act Home Mortgage Disclosure Act Commuinty Reinvestment Act Fair Credit Reporting Act New Homeowner Protection Act Fair Debt Collection Practice Act Gramm-Leach-Bliley Act Step 1: Finanical Self-assessment and Prepartion Step 2: Pre-approval/applying for the loan Step 3: Mortgage origination and processing Step 4: Underwriting Process Step 5: Satisfying loan conditions Step 6: Closing process Steps the lender takes to approve your loan Mortgage Banks Mortgage Brokers National Banks Credit Unions Saving Associations Mortgage Principal Interest Term Amortization Balance Your Household Income and Expenses Personal Income Employment History Credit Score Personal Assets Underwriting Collateral Down Payment Lender Presentation Option 1 Fixed vs. Adjustable Rate loan
Transcript: Mortgage Broker/Agent Mortgage Rate History *Late great Jim Flaherty made some difficult decisions and changes BUT it kept us out of the same mess as the US *Banks raise then drop rates over and over again. The BOC rate has dropped from 5.35% to 4.99% but what caused this? and why is it important to know this? *CMHC has made it increasingly difficult for first-time home buyers and self-employed borrowers Amina Mohamed Mortgage Agent & Real Estate Investor Amina's Mortgage Services License #11977 www.aminasmortgageservices/blog firstname.lastname@example.org Tel: 416 697-5443 Fax: 289-809-3467 www.facebook.com/aminasmortgageservices www.twitter.com/aminasmortgages RRSP's: 1. Non-Arm's Length 2. Arm's Length Financing - Getting the Lenders to say YES! Here are the average 1, 3, and 5 year term mortgage rates over the last seven years. RE Investment Types Year Variable 5 Year Best Rate? 2014 3.00% 5.14% Variable 2013 3.00% 5.23% Variable 2012 3.00% 5.27% Variable 2011 3.00% 5.40% Variable 2010 2.60% 5.57% Variable 2009 2.42% 5.72% Variable 2008 4.79% 7.10% Variable Investing in 1st & 2nd Mortgages -access to over 30 lenders -structure your mortgage for your needs -work for you not the bank or the lender -will help you restructure financing to suit your investment goals Document Checklist History of Mortgages and what has happened since the financial meltdown of 2009 Purchase Price $350,000 Fin. 75% LTV $262,500 10% Own $ $35,000 15% VTB $52,500 1st Mortgage @4.99% = $1525.22 2nd Mortgage @ 4% = $135 Interest only *assuming 25 year amortization, 5 year term, 4.99% qualifying rate Financial Equalization Getting the Lender to Say VTB EXAMPLE YES! Self-Employed: * T1 & NOA (2 years) * Business License/Articles * 6 Months Financials & Bank Statements * Letter from Lawyer confirming self-employed status * Proof of downpayment * 2 Pieces of ID (photocopied back and front) Year 1 Year 3 Year 5 Year Best Rate? 2014 3.14% 3.79% 5.14% 1 Year Rate 2013 3.08% 3.73% 5.23% 1 Year Rate 2012 3.18% 3.91% 5.27% 1 Year Rate 2011 3.53% 4.29% 5.40% 1 Year Rate 2010 3.49% 4.28% 5.57% 1 Year Rate 2009 4.10% 4.64% 5.72% 1 Year Rate 2008 6.72% 6.91% 7.10% 1 Year Rate JV Partnering and Going on Title Average Variable vs 5 Year Fixed Rates Since 2008 Difference in Lending Employed: * T4 & NOA (2 Years) * Letter of Employment * Proof of Downpayment * 2 Recent Pay Stubs * 2 Pieces of ID (photocopied back and front) Bank Specialist *What is Financial Equalization and how can it help you? * Victoria Grant Why is Variable better than Fixed? * Land * Single Family - RTO, Flips, Buy & Hold * Duplex, Triplex, Quad's * Multi-Family (1-4) & (5 +) * Small Buildings (5-50 Units) * Apartment Buildings * Commercial and Mixed-Use * Tax Sales REIT & MIC Investor Different Types of Investing: Lender -work for only the bank -not licensed -earns commission on all the products they sell you -only one lender - themselves! *Building your Team *Different lending criteria for different types of property investments *What documents you need? How to prepare? *Different types of funding and how to get it?
Transcript: BOOF PAID Presents "Cash in OUR Pockets" Public Awareness Campaign PayDay Lender Payment Due Our communities are fighting back Why do we care? design by Dóri Sirály for Prezi Catalyzing a Youth-Movement for Financial and Economic Justice Nothing can be done with out partnership! Thank you to our amazing partners: California Reinvestment Coalition, Center for Responsible Lending, Insight Center for Economic Development, Silicon Valley Community Foundation, MyPath, Nuestra Casa, Community Legal Services- East Palo Alto and California Friday Night Live Partnership. NO! Payday lending is a short-term loan These loans can be as much as $300! Most borrowers can't afford to pay it back There are over 2,100 payday loan stores across California What resources can help you? Save a little extra to your savings Borrow from loved ones Work out a credit payment plan Learn financial education (Mypath) South San Francisco Victory What are ? What can you do! It all started with... LATE Hi my name is Gabe and I'm living with a deep dark secret- Instead of turning to my family and friends for financial support I turned to payday lenders to avoid the stigma of shame, I could not let my family and friends know that I was struggling financially. Click to Play YLI PAID Lead Daly City Victory Do you think this is right? MyPath and YLI Launched the 1st School for Financial and Economic Justice (SFEJ) in San Mateo County in 2013 In 2014 the 2nd annual SFEJ was held in Fresno, CA 3rd annual SFEJ NOW! This is a story of our friend Gabe who was once caught in a vicious cycle of debt! Join a movement around whats being done. Advocate for alternative products at financial institutions Educate your friends and families around this issue Help collect stories and submit complaints to the CFPB website. PAST DUE
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