The recent appointments of Patrick Donoghue as vice president and general manager, Kendall Bazan as vice president of revenue, and Andrew Hurd as vice president of risk mark the next chapter for Groundfloor Lending as it matures into a standalone brand under the Groundfloor umbrella.
Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle, rolling out rate promotions, streamlining operations and broadening product menus.
The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, setting the target range at 4{02ae58c7577e399500c659976a28c0ee6886e39fc99720d326e8f9f3bea7f53e} to 4.25{02ae58c7577e399500c659976a28c0ee6886e39fc99720d326e8f9f3bea7f53e}.
EquitySelect, a nonrecourse first-lien home equity loan, offers flexible payments as low as 1{02ae58c7577e399500c659976a28c0ee6886e39fc99720d326e8f9f3bea7f53e} annually and a 40-year fixed term.