Today, San Francisco-based LendingHome provides short-term bridge loans to homeowners who want to flip a property and mortgages for landlords who own and rent out 10 or fewer single-family residences.
Never trust a fool with out a clue..... Look at the 5 day chart.... Are you stupid enough to miss this one? Find out what is going on ..... investers Business daily piece should have been a clue. Borrowers can submit their application materials online in a self-serve process on LendingHome, or phone if they need help. Once submitted, they can check on the status of their loan with a dashboard on their LendingHome accounts.
The company uses a mix of both traditional and alternative data sources to determine the true value of a property and a borrower’s likelihood to repay a loan, going well beyond a simple appraisal or FICO score.
LendingHome can review transactional data from a borrower’s bank statements via Intuit Connect, for example, to build a borrower’s profile, the co-founders said.
Alternative data sources help LendingHome find creditworthy borrowers who may not look like a good bet at first glance.
The company aggregates deals on their platform, so that institutional investors–like hedge funds, family offices or large financial services firms–have a way to put their money to work in bulk numbers of loans that are already deemed reliable and creditworthy.
These financiers wouldn’t typically provide capital in this asset class.
Soon, LendingHome will expand to allow accredited individual investors, not just institutions, to put their money to work on the platform. These are the types of investors who have the wealth, but may not have the time and expertise to vet deals in real estate.
With a tech-forward approach, LendingHome can originate mortgages and loans faster than financial institutions that still rely on manual reviews teams. Brokers often use LendingHome to help their clients get financing fast.
You have no clue on the new APP and mortgage industry,,,,, Its a bargain basement opportunity. Learn to read and not short with out a clue. HUGE money is flowing with new apps and social networks.
When he takes his 5 min smoke break as a Jr apprentice broker and checks the stock price, he's gonna be PO'd.....
Agree that something is brewing. $2.08 per share cash, no debt, and some joint venture assets on the balance sheet below fair value. Chen's had more, actually much more, success in spotting other companies to invest in then he has had making capex in Renn. At some point he's going to get what he can for Renn's assets and move on. I think the assets are worth more then $3.00 so I'm holding.
Re statement that Chen is selling: Any proof, or just speculating? If you are correct, I would likely sell my shares. I'm sure others are also interested in your reply.
QAQ, YAY loss, even the company says they will not buy above $2.75 but RENN keeps going up.Any reason ? Yes. Mr.Joseph chen and his associates are off loading their holding through CITI bank !!!
I am with japa60172. If you're in at below three then put an order in for 3.05 or higher. Take your profits and go on. If you believe the stock is going higher then hold or put an order in for 3.25 or whatever. Always have an exit strategy. This is just my opinion.