National MI to Co-Sponsor New Construction Housing Summit in Chicago.

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Fannie Mae, Fifth Third Bank, NAIBRS and other top housing industry experts are among the speakers who will discuss a variety of topics relevant to Realtors and mortgage lenders.

EMERYVILLE, Calif., Sept. 17, 2019 (GLOBE NEWSWIRE) — Leading industry experts will gather to discuss new ways to address the housing shortage on October 3, 2019 from 10:00 AM to 2:30 PM Central at Fifth Third Bank in Rosemont, IL. The housing summit will be followed by a networking and cocktail reception. The free event is being hosted by National MI, a subsidiary of NMI Holdings, Inc. (Nasdaq: NMIH), along with Fifth Third Bank and National Association of Independent Builders and Real-Estate Services (NAIBRS). Registration is required.

Experts in mortgage lending, real estate and housing will discuss ways to grow new construction opportunities, often overlooked as an option in buying a new home. One in two homebuyers are willing to consider building a new home, yet only 10 percent actually end up doing so, according to an extensive Zillow study. In a roundtable format, summit participants will look at the reasons behind homebuyers’ choices and will discuss ways to boost new home purchases.

Jim Pippin, business relationship manager at Fannie Mae, will speak about housing market challenges today. National MI Vice President, National Accounts, Jim McGurk will address low down payment options for mortgage financing. James Pesavento, CEO of Proposed Properties LLC, will talk about driving new construction and Fifth Third Bank Area Sales Manager Jeff Gomoll will speak on financing options.

“Our bank has always supported new construction with our mortgage products, such as construction-to-permanent loans,” says Fifth Third’s Gomoll. “Our partnership with NAIBRS and its sponsors will drive much-needed education in our industry.”

“By focusing on the conversion of vacant lots into new construction, we can make a serious dent in the housing inventory shortage,” says NAIBRS President Sandra Barrett. “Ten thousand lots in the Chicago area alone represent about 20 percent of the sales opportunities in the Chicago market.”

“We’re thrilled to be working with Fifth Third Bank and NAIBRS to help increase homeownership,” says National MI’s McGurk, “We want to dispel the notion that building a new home is only for the financially wealthy and let people know that private mortgage insurance is a valuable low-down payment solution for borrowers.”

Details on the event are as follows:

Date:October 3, 2019
Time:10AM to 2:30PM CST
Location:Fifth Third Bank, 6111 N River Rd. Rosemont, IL 60018
RVSP:Required as seating will be limited to first 100 acceptances.

Please contact Lindsay Kozlowski at [email protected] for any additional information or to register for the event. You may also follow the link below to register.

https://www.eventbrite.com/e/fifth-third-bank-naibrs-housing-leadership-summit-tickets-71534749361

About National MI
National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit www.nationalmi.com

Press Contact for National MI 
Mary McGarity
Strategic Vantage Mortgage Public Relations
(203)260-5476
[email protected]

Investor Contact for National MI
John M. Swenson
Vice President, Investor Relations and Treasury
[email protected]
(510)788-8417

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Proposed Properties launches its patent-pending matching technology, Lot2Home™ to allow homebuyers to expand options in selecting the right building site and home design.

CHICAGO (PRWEB) SEPTEMBER 05, 2019

Proposed Properties launches its patent-pending matching technology, Lot2Home™ to allow homebuyers to expand options in selecting the right building site and home design. New construction is making a come-back because market tailwinds are driving consumers to consider building instead of buying existing homes.

Jim Pesavento, CEO of Proposed Properties states “Technology has always been a game-changing catalyst in our real estate industry. Over the past 20 years, we’ve seen the power of the internet in providing homebuyers more information than ever imagined. Today’s buyers want choice, transparency and ease of understanding options with their home purchase decision-process. Our Lot2Home technology was designed with the end-goal of providing tools for buyers to visualize their dream home with our participating builders, and providing them a simple solution to help them build their dream home.”

Many real estate professionals struggle with connecting their clients with new construction options. However, Mike Zawilsak, a broker with Baird & Warner (established in 1855), finds Proposed Properties’ solution quite effective. Mr. Zawilsak states “I first heard Proposed Properties approach three-years ago on their smarter way to build homes. With their comprehensive construction process coupled with a strong technology tool, my clients are at ease in building their dream home.”

Sondra Barrett, president of the National Association of Independent Builders and Real-Estate Services, believes new construction can have an enormous impact on the US housing gap. Ms. Barrett shares “This program alone would bring $400M in Chicagoland new construction product sales and mortgage financing. This brings many economic benefits to our local economy.”

For more information on Proposed Properties or to get a demo of their unique matching technology, please contact [email protected] or Lindsay Kozlowski at (312)-625-8053.

About Proposed Properties 
Proposed Properties LLC was formed in 2018 and is based in Wheaton, IL. The company is focused on creating residential construction opportunities by providing a common platform for industry participants to best serve homebuyers. With its proprietary matching technology, homebuyers are able to customize and expand design options for building on lots and teardowns. The partners of Proposed Properties are experienced leaders from top REALTORS® firms, and Fortune 100 financial services and technology companies.

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