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California MBA backs $100M fund in governor’s budget proposal for wildfire rebuilding

California, Construction loan, Forbearance, Housing Market, HWmember, Mortgage, Natural Disaster, Wildfire /

The California Mortgage Bankers Association (CMBA) voiced strong support for Gov. Gavin Newsom’s proposed $100 million allocation for the Southern California Rebuild Fund included in this month’s revised state budget proposal, the trade group said this week. The proposed funding is designed to expand access to construction financing for homeowners affected by last year’s Southern […]

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How AI accelerates construction draws and cuts review times

Artificial Intelligence, Construction, Construction loan, homebuilder, Homebuilders, HWmember, Technology, The Builder's Daily /

Construction project finance plays a crucial, time-sensitive role in residential construction, helping contractors, remodelers, and builders access funding draws throughout a project’s lifecycle. Historically, however, the process has been inefficient, requiring lengthy review and approval timelines that cause delays and take attention and manpower away from other important tasks.  “It’s just one of the most

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