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We offer guidance to real estate professionals, tax professionals, lawyers, and CPA's.
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Kirk is the past President of the Universal City/North Hollywood Chamber of Commerce as well as a former co-chair of the ALFN Commercial Practices Committee. He is active as a speaker and moderator of several trade organizations including the CA Mortgage Bankers Association (CMBA), Mortgage Banking Association (MBA), and the Attorney Legal Financial Network (ALFN). Mr. Jaffe is quoted or has been a guest of several media outlets including: KABC790 Talk Radio, NBC and the Los Angeles Daily News to name a few.
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INVESTMENT CONSULTING - REAL ESTATE ASSETS
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REAL ESTATE PROFESSIONALS
If you are a real estate professional and are ready to work with a partner with years of experience, you're in the right place.
CPAS, ATTORNEYS, AND INSURANCE PROFESSIONALS
If you have questions about the potential legal implications of real estate transactions for your clients, Kirk Jaffe has the answers!
“What a GREAT guy Kirk is! I highly recommend him and his services all the time and for my own home loan needs. Why would I say that as a Broker myself? Well as a Buyer and a Broker I cannot have my hand into many aspects of the transaction, so I trust Kirk with my financing needs he has yet to let me down! "
"Kirk is my go-to lender. He has worked many “miracle situations” and provides top notch service from start to finish...."
"I have known Kirk Jaffe for many years. Kirk has a stellar reputation. You can see his reviews by going to www.mycity.com/profile/kirk-jaffe."
"When I need any information regarding the Real Estate Financing space for a client, my first call is to Kirk Jaffe. He is knowledgeable, professional, and experienced. He stays on top of cases and follows up with clients. He is a true asset to my business."
"Kirk works hard and well day and night, a kind person and gets it done fast!"
"Kirk did a fabulous job. He walked me thru the process and it was incredibly easy compared to other mortgages I've done. Thanks to Kirk, my house closed in under 21 days, and he got me a great interest rate."
In its most substantive rule update since implementing new measures last November to remove brokers from the due diligence chain in loan documentation, Freddie Mac (FMCC) is now adding additional strengthened underwriting standards surrounding property inspection and fraud detection, the government-sponsored enterprise announced Monday afternoon.
The policy changes, which will take effect Thursday, involve increasing the number of units and sample sizes for property inspections and lease audits on Freddie Mac-backed multifamily loans. Freddie Mac will also require additional documentation for lease audits to confirm tenant rental payments under its new enhancements, which will appear in Freddie Mac’s Multifamily Seller/Servicer Guide.
“Freddie Mac remains focused on risk management and works to enhance our processes to better detect and deter fraud and misrepresentation,” Ian Ouwerkerk, senior vice president of Freddie Mac’s multifamily underwriting and credit department, said in a statement. “We take these issues seriously, and these enhancements are just the latest step in our effort to manage risk and improve our execution.”
The latest Freddie Mac guide update also includes stronger due diligence requirements for first-time borrowers and sponsors with limited multifamily experience. The McLean, Va.-based GSE’s new enhanced underwriting safeguards also subject borrowers to provide additional verification on their real estate assets and liquidity.
Freddie Mac has also updated its procedures to limit multifamily business with certain title insurers when applicable. It will also now require additional appraisal review and appraiser independence requirements to “safeguard the independence, objectivity and impartiality of appraisers”, the GSE said in its announcement.
The latest rule changes from Freddie Mac come on the heels of its November 2023 guide update where the GSE tightened its underwriting requirements by ensuring all loan documentation be delivered directly from borrowers to Freddie Mac lenders, Commercial Observer first reported at the time. The update came in the wake of Freddie Mac clamping down on Meridian Capital Group in early November after a loan negotiated by the brokerage firm was called into question.
©CommercialObserver
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Kirk Jaffe Enterprises, Inc.
195 Highway 50, Ste 104-476
Stateline, NV 89449