It’s not just consumers who are looking for loans. Lenders and investors are routinely looking for smart ways to loan money.
With that in mind, every year for several years in a row, Darrell Boyd, Senior Vice President of Jacksonville, Florida based Triad Financial Services brings officers from banks, credit unions, investors and other financial services professionals to the Louisville Manufactured Housing Show.
To begin the process of:
- introducing new lenders to the manufactured home retail market,
- or to reinforce existing loan sources that Triad already partners with,
- about the realities vs. the myths of manufactured homes and manufactured housing lending.
During the 2017 Louisville Manufactured Housing Show, the Inside MH Road Show team interviewed Boyd and two of his guests at the event. Those lenders were Joel Braun, Executive Vice President and Chief Lending Officer and Ben Altona, Executive Vice President and Chief Financial Officer with Superior Choice Credit Union, headquartered in Superior, Wisconsin.
Manufactured and modular home builder, Sunshine Homes – based in Red Bay, AL – thoughtfully allowed us to capture the video interview in one of their display models.
The video on this page below will be the first in a series of videos from that event. This particular episode spotlights the impact a proper understanding of manufactured homes can have.
As you watch this video, keep these facts in mind. Lenders are about facts and numbers. I’m not saying that they don’t have feelings, of course they do. But lenders are laser focused on things they can quantify and witness. For example, quality, performance and having happy customers. With that backdrop, listen to what these lenders have to say.
As with all of our videos – beyond a general understanding that they were being interviewed about manufactured housing – neither Boyd, Braun or Altonen – knew the questions or the topics that were going to be covered by host, L. A. ‘Tony’ Kovach.
As the industry and consumers grapple with educational and image issues, consider the reaction and comments you see and hear from Braun and Altonen.
For those who are shopping for a home or finance options, do what these lenders did. Do your homework. Look at model homes from reputable companies. See what an operation’s Better Business Bureau (BBB) rating is. What are third parties saying about that company, be it a lender, retailer, community, or homebuilder?
If you do, you may discover the kind of joy and high satisfaction that millions of others have too. As Dr. Harold Hunt, from the Real Estate Center at Texas A&M said, “These are not your grandfather’s trailer house.” From movie stars and millionaires, to the working class, retires and all in between; manufactured homes have something for most who are seeking a quality lifestyle.
This is Inside MH. ##
(Image credits are as shown above.)
Related: Manufactured home lending.
Submitted by Soheyla Kovach to MHLivingNews.com, video by MHProNews.com, credits are as shown in the video.