Construction lending—Successful strategies for navigating through the construction process during tough times
Tuesday, Dec 14, at 1pm central time
Sponsored by Black Knight
Session Description
Construction Lending is very strong right now but building a house these days can be fraught with challenges. The supply chain continues to raise havoc with construction schedules. Every builder is struggling to find skilled subcontractors at the times they are needed. Projects are getting delayed more often than not. In this session we’ll be focused on ways to work through these curveballs and manage the relationship with both the member and the builder. Whether you are thinking of getting into construction lending or already have a program, please join ACUMA President Tracy Ashfield and Amanda Hallo, Director of Construction Administration at Lake Michigan Credit Union, for Part 2 of our construction lending sessions, “Successful Lending Strategies for Navigating the Construction Process during Tough Times.” (This Lightning Round is the second webinar in our two-part series on construction lending. Please register for both webinars if you are interested in the series. Separate registrations required for each event. Part one is to be held Dec. 7.)
- This session will be interactive so come with your questions.
- Open and free to ACUMA members only
- Session not recorded.
- Attendance will be approved.
- By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Speakers
Amanda L. Hallo
Director Mortgage Construction Administration, Lake Michigan Credit Union
Amanda Hallo is the Director of Construction Administration at Lake Michigan Credit Union. She brings more than 20 years of experience in construction lending, title, and escrow and loan servicing. Hallo leads a construction lending team that manages a pipeline of more than $1.1 billion. With her guidance, LMCU has attained the leading position in market share in Michigan for construction lending. Hallo’s philosophy is that construction loans have three clients: the member, the home builder and the loan originator. This philosophy is at the core of her relationships with the top builders in Michigan and Florida. Hallo is married with three children and enjoys attending sporting events and concerts, cooking and traveling.
Tracy J. Ashfield
President, ACUMA
Tracy Ashfield is the President of the American Credit Union Mortgage Association (ACUMA), an organization with which she has had close ties for 20 years. Ashfield has worked as a consultant and subject matter expert with ACUMA since 2000. In that time, working with founder and former president Bob Dorsa, she has helped the non-profit grow from a handful of members to an organization with more than 400 mortgage-lending credit union leaders. In that same time, credit unions have seen their market share grow from 2% to nearly 9%. And ACUMA is now the premiere education and networking association for credit unions that are serious about mortgage lending. During her years with the association, Ashfield has been the curator of ACUMA’s event programming, bringing relevant and timely educational content to the growing list of members. Ashfield is a well-known figure in credit unions with nearly 30 years in mortgage banking leadership roles at numerous mortgage banking firms.
Black Knight is a premier provider of innovative, high-performance technology, data and analytics for the mortgage market. The company’s best-in-class Empower loan origination system offers the advanced functionality credit unions need to support point of sale through post-closing on one platform. Additionally, its integrated suite of origination performance solutions delivers unmatched capabilities and support to increase processing efficiencies, lower operational costs and improve the homebuying experience for all members.
