Nonbank home lending surges in SoFla. Here’s why that might be tricky

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Here’s what Michael Tannenbaum, former Vice President of SoFi, had to say about their loans in 2016, "Sixty-five percent of the business we do is first-time home buyers; it’s a big deal we’re opening up to the jumbo first-time market." A year later, he was gone.

Unlike a branch, an agency is run by non-bank staff and typically offers basic banking facilities. Most are run by estate agents or financial advisers. Santander’s decision to beef up its agency.

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There’s a new trend emerging in online lending that you will want to pay attention to and avoid. The rise of the financial technology sector has brought with it exciting new startups and financial services. Many people are flocking to online lenders to help with debt issues and financing, as we’ve discussed before.

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