Survey Realtors Want More Lender Support with Borrowers

first_img in Daily Dose, Data, Headlines, News, Origination Lenders Realtors TD Bank 2014-09-05 Ryan Schuette Share September 5, 2014 513 Views center_img Two-thirds of Realtors think lenders could help attract more buyers with better pricing options, according to a recent survey.Working with a public polling firm, New Jersey-based TD Bank released results Thursday from a survey it conducted with more than 150 Realtors around the United States.One in four respondents chalked up buyer reluctance to overpriced properties. By the same token, Realtors estimated that only a fifth of their buyers knew about home loan affordability programs available through lenders.When referring lenders, Realtors seemed to put a premium on certain qualities.Most said they considered closing loans on time the most important quality in a lender and felt it was easier to work with banks focused on helping homebuyers. Two in five said they looked for banks that put buyers ahead of the lending process.More than a third said they stuck with the name of a preferred lender in every real-estate deal.”What we’re hearing from Realtors is that it’s critically important for lenders to work with them to help their customers,” Malcom Hollensteiner, director of retail lending products and services for TD Bank, said in a news release.Along some of the same lines, J.D. Power released a survey last year that found first-time homebuyers expressing less confidence in their knowledge about the lending process than repeat buyers and those who refinanced their loans.The firm reported a seven-year high among customers more familiar with the process.Realtors responding to TD Bank’s own survey said roughly three out of five of their buyers came to them with questions about the lending process in recent sales.Three quarters wanted better communication from lenders with their buyers about the loan process.Hollensteiner called the “right lender” someone that outlines the lending process early and remains “accessible, responsible and transparent” to buyers.”The survey findings reveal that banks need to provide more loan choices designed to meet the needs of today’s borrowers,” he said. Survey: Realtors Want More Lender Support with Borrowerslast_img read more

ShangriLa Hotels and Resorts Asia Pacifics lead

first_imgShangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, has signed an agreement with China Huaming International Investment Corporation (CHMIIC) to manage a hotel in Moscow, which will be the group’s first property in Russia.Set to open in 2012, the 400-room hotel will occupy the top floors of a 42-story tower in the Park Huaming Business Centre– a new major multi-purpose development in the northeast of the city. Next to the Botanical Gardens on Vilgelma Pika Street, the property is located 10 kilometers (6 miles) from Red Square and 25 kilometers (15 miles) from the international airport.The hotel guest-rooms will have a minimum size of 40 square meters (430 square feet) and each room will have views of the development’s Chinese landscaped gardens or the Botanical Gardens. Diverse dining outlets will include Chinese and Russian restaurants. A 1,200-square-meter (12,918-square-foot) grand ballroom, a 700-square-meter (7,535-square-foot) auditorium and a wide range of function rooms suited will cater to events. Recreational facilities will include an indoor swimming pool and health club.The Park Huaming Business Centre, Moscow will include an office tower, service apartments, an exhibition hall and a lifestyle area featuring a Chinese garden with pavilions, restaurants, retail shops, as well as leisure and entertainment facilities. “Shangri-La Hotels and Resorts is delighted to be partnering with CHMIIC to provide our distinct brand of Asian hospitality to residents and visitors of Moscow,” said Madhu Rao, managing director and chief executive officer of Shangri-La Hotels and Resorts. “As we continue to expand globally, Russia remains one of our key markets and we look forward to working closely with the Moscow community.”www.shangri-la.comlast_img read more