https://finmarkusa.com/community-owners daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/605e809e4f9237430af5da19/1617718718306/commOwners.jpg Community Owners Are you SAFE Act Compliant? Do you know what the SAFE Act means for you? Do you know what an HCML is and what is required of you if you are making those loans? Are you Regulation Z compliant? The industry is facing a myriad of new regulations that carry severe penalties, licensing requirements, and civil liability exposure if not properly addressed. This is an extremely important area that community owners cannot ignore! Know what your obligations and options are. https://finmarkusa.com/investors-commercial-lending daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/605cc903ef89293c3d8819f1/1616693509964/commercial.jpg Investors & Commercial Lending Do you need someone on the inside that is not affiliated with any specific company, has 49 years of experience, and will give you the unvarnished facts about the industry? Where is it going? What are the prospects for long-term growth? What are the obstacles? Are you a commercial lender for Land Lease Communities? Is owner financing prevalent in a community you are considering for finance or refinance? Has it been done the right way or the wrong way? Do you care: Should you spread the loans and analyze their value or burden to the value of the community? https://finmarkusa.com/financial-institutions daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/606dbb270b10c158ac458a2d/1617804073982/Untitled%252Bdesign%252B%2525283%252529.jpg Financial Institutions - Do you know what secondary market programs are available from Freddie Mac, Fannie Mae, and FHA? Chattel Home Finance: Commonly called “Home Only Finance” is unlike mortgage finance because the lender seldom takes a security interest in real estate or the site where the home is placed. If you are a national, regional, or community bank or credit union that either has a portfolio of loans or is considering financing manufactured housing, it is important to know “the ins and outs” of financing. Mortgage Financing for Manufactured and Modular Homes: Do you know what a C of O is? Do you know how to record and perfect your lien on a “land and home” transaction”? Do you know what FHA programs are available for manufactured and modular housing? Favorable results require doing it right! Portfolio Analysis: Have you recently merged with or acquired another institution that has a portfolio of loans: Which ones are manufactured? Which ones are modular? Do you want to know how they were made and how they will perform in the future? What have you bought? What are the refinance options available? Due Diligence: Looking to acquire a portfolio of manufactured housing loans? What are they worth? How well were they underwritten? Property and Casualty Insurance for Manufactured Housing Loans: Who are the best companies to work with that can provide good coverage, good portfolio monitoring services? Do you know the requirements for Escrow of Property and Casualty Insurance on Manufactured Housing Loans? Escrow also for taxes? Portfolio Marketing: Do you have a portfolio of loans you want to sell? Private Conduit: Are you looking for a way to make manufactured housing loans with longer terms and fixed rates and sell them so you don’t have to portfolio the loans? How much can you make in fee income and what is the market for selling those loans? https://finmarkusa.com/government-nonprofits daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/605cc9346999700204e83f3e/1616693560040/gov.jpg Government & Non-Profits Government agencies at any level struggle to develop solutions to having affordable housing in America. Factory-built housing, properly done represents a terrific way of serving the affordable housing market. Learn the market, the manufacturers, builders, and financing availability. Learn every aspect of the industry and make it work for you! https://finmarkusa.com/expert-witness-services daily 0.75 2021-04-12 https://finmarkusa.com/about daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/605e8a1322d03f07ff29a410/1618263866313/dickErnst1.jpg About - Most Recent Dick has been contracted by Freddie Mac for the last four years as a Subject Matter Expert in manufactured housing to work with them on their Duty to Serve requirements and the CHOICEHome Program. This program provides financing parity with site-built homes for manufactured housing for the first time! https://static1.squarespace.com/static/6056230fa4395e085e423862/t/60748fda3eb5ea26d18742c9/1618251747115/IMG_1315.jpg About - Industry Recognition 2014 MHI Chairman’s Award winner 2015 Received the “Soar with the Eagles” Award from the California Mobile Home Park Owners Association In 2016, Dick was the Manufactured Housing Institute’s spokesperson for an on-camera interview with PBS’s Steven Fee. 2017 Dick received the Totaro Award from MHI’s Financial Services Division 2019 Dick was inducted into the RV/MH Hall of Fame in Elkhart, Indiana. https://static1.squarespace.com/static/6056230fa4395e085e423862/t/60749003f62c5f6b6ffad797/1618251783694/dickErnst2.jpg About - Major Projects Dick created CountryPlace Mortgage as a subsidiary of Palm Harbor Homes and Cavco. Dick created a Joint Venture Mortgage Company between Wells Fargo Mortgage and three industry manufacturers; providing a consistent source of funding for Construction, FHA, and Conforming mortgage loans for their customers. Represented a large regional bank in the origination of FHA, VA and Conventional manufactured housing loans in 15 states. Originated over $300 million in loans. https://finmarkusa.com/contact daily 0.75 2021-04-12 https://static1.squarespace.com/static/6056230fa4395e085e423862/t/606c6acfcd149120529efeb1/1617718102410/IMG_1027.jpg Contact We would love to hear from you! 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