Churchill Stateside Group Attends Southwest Mortgagee Advisory Council’s 2024 Conference
2024年5月8日 - 11:05PM
ビジネスワイヤ(英語)
The Southwest Mortgagee Advisory Council (SWAC), a non-profit
industry trade group for FHA Multifamily Accelerated Processing
(MAP) Lenders and third-party firms in the Southwest region, held
its annual conference in Fort Worth, Texas. The event brought
together industry experts and stakeholders for informative
discussions and valuable networking opportunities in which members
of Churchill were in attendance.
“The SWAC conference provided a fantastic platform for industry
professionals to connect, share knowledge, and stay informed about
the latest trends in the Southwest’s multifamily housing market,”
said Benjamin Pemberton & Evan Sweet, both Senior Underwriters
at Churchill.
Keith J. Gloeckl, CEO of Churchill Stateside Group (CSG), stated
“As a HUD MAP Lender, we, at Churchill, feel it is very important
for our HUD staff to attend these regional meetings. This format
allows our personnel to interact with the regional office, continue
to increase our knowledge as a HUD Multifamily Lender, and stay
updated on current policy. This is important to help ensure a
timely and efficient process for our borrowers.”
The conference featured panels on a variety of timely topics,
including the Housing Market in the Southwest, updates from HUD
Headquarters and the Regional Office, Environmental Factors, and
Insurance Requirements. One item of particular importance
highlighted was the release of Mortgagee Letter: 2024-05, Wind or
Named Storm Insurance Coverage. Given the increasing relevance of
climate change and resulting catastrophic storms, HUD has proposed
to increase the maximum wind or named storm deductible to the
greater of $50,000 or 5% of the insurable value per location, up to
a maximum amount of $475,000 per occurrence. Attendees also
participated in a Lenders Roundtable with HUD staff to discuss
strategies for driving HUD loan production.
About SWAC
SWAC is a non-profit organization dedicated to strengthening the
business relationship between the Southwest Regional HUB Office,
Lenders, and third-party providers in Arkansas, Iowa, Kansas,
Louisiana, Missouri, Nebraska, New Mexico, Oklahoma, and Texas.
SWAC facilitates communication, training, and collaboration among
industry stakeholders to promote the use of HUD’s MAP program.
About Churchill Stateside Group
Churchill Stateside Group and its wholly owned affiliates (CSG)
serve the affordable housing and commercial renewable energy
industries. CSG sponsors tax credit equity investment funds for
institutional investors and provides a variety of construction,
permanent, and bond financing solutions. With over $6 Billion of
assets under management, CSG has long-standing and successful
investment relationships with numerous corporate investors. The
company's investor and developer clients benefit from our
experienced staff, prominent and proactive senior leadership, and
attractive debt and equity platforms. The company, through its
subsidiary Churchill Mortgage Investment LLC (CMI), is an approved
USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie
Mae Issuer, seller, and servicer.
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Phone: (727) 233-0614 Email: Marketing@CSGfirst.com