- Miami-based REZYFi is a mortgage lender working with traditional loans but focusing particular attention on unbanked market sectors such as the cannabis industry and those property companies that provide leases to those sectors
- The loan origination industry appears to be experiencing a new round of greening in reversal of the year’s difficulties
- In the wake of positive CPI data last month, analysts are beginning to anticipate a greening of mortgage lending rates once inflationary pressures are reduced, making it easier for companies to obtain loans for their projects
The greening of inflation news last month is important news for market watchers, and expectations that the Consumer Price Index (“CPI”) will continue to report favorable inflation trends has mortgage lenders anticipating less pressure on rates during the coming year and beyond.
“We’re expecting the Fed to end its Fed Funds increases into the beginning of next year, so we are expecting mortgage rates to come down to 5.4% by the end of next year and then to come further down to 4.5% by the end of 2024,” Mortgage Bankers Association Associate Vice President of Housing Economics Edward Seiler told WTOP news, referring to the average rate on a 30-year fixed-rate mortgage (https://cnw.fm/F5czL).
The CPI report that is anticipated on Dec. 13 and the Fed’s policy decision announcement the following day will tell the tale about whether the government thinks its efforts over the past several months have had the desired effect in curbing inflation and in setting the stage for lower long-term rates. Analysts are already suggesting that, even with another raise in interest rates, it could be small enough to signal an important topping out and reversal of the previous trend (https://cnw.fm/YbdlD). As mortgage rates gradually fall as expected, it reopens the door for companies that have struggled to pursue their projects in recent months.
Specialized financing company REZYFi is a growing mortgage lender working to help such businesses navigate the challenging landscape of loan origination, particularly as it applies to the traditionally underserved cannabis industry and property owners who lease to such companies.
REZYFi is anticipating the launch of its high-margin cannabis division in the coming weeks to focus on such challenging lending markets. The company also is developing a proprietary technology that will help it operate competitively by maintaining efficient turnaround time while also being economical with staffing levels.
Through its subsidiaries, REZYFi Lending and ResMac Inc., the company has closed over 20,000 loans for over 15,000 clients and expects to originate $285 million retail sales during the coming year, with $250 million in wholesale origination in motion.
Now operating in 30 states, the company expects to expand to all 50 states in the process of fulfilling its growth goals.
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://cnw.fm/REZY
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