Consider this scenario:
- A small lender hires a Chief Appraiser.
- RHIP (rank has its privileges) – Someone has to manage Environmental Risk, but “boss” is disinclined to accept the task.
- The new Chief
Commercial real estate lenders have traditionally given close attention to conducting property due diligence during loan origination. However, many are less vigilant post-closing, and property held as collateral often goes unmonitored over the…
READ MORE >