Kansas City, Kansas — A nationally recognized capital provider and housing consultant has selected an innovative Kansas City startup for its Federal Housing Administration (FHA) Housing and Urban Development (HUD) lending solutions.
An all-in-one lending platform for the origination, underwriting and processing of complex multifamily financings, LendingStandard will service the FHA Multifamily Accelerated Processing (MAP) operations for the Massachusetts-based Hampden Park Capital & Consulting, which assists mission-driven organizations in developing housing and financing solutions.
“As a small (but growing) FHA lender, LendingStandard offers us a convenient and comprehensive solution to the time-consuming tasks of maintaining loan sizers and underwriting forms, populating signature documents, managing due diligence checklists and generating final applications,” said Mark Oswanski, Hampden Park’s Vice President. “This frees up more of our time for adding and training staff and originating and underwriting affordable housing transactions.”
In the fourth quarter of 2021, LendingStandard unveiled a “packaged” FHA offering to small-to-mid-sized businesses, which offers a competitive price and rapid deployment model that allows smaller-sized lenders to gain value from LendingStandard’s solutions.
“We’re excited to have Hampden Park Capital join us as a valued customer. The deployment of our newest platform to manage FHA MAP operations will provide them a competitive advantage in the marketplace,” said Mark Costa, LendingStandard’s Chief Revenue Officer. “We continue to see accelerated demand for our HUD, Agency and Balance Sheet products.”
Founded in Kansas City, Kansas in 2015, LendingStandard provides a scalable solution to the pain points in the multifamily loan application process. LendingStandard’s intuitive platform reduces costs and ensures regulatory compliance by optimizing commercial loan origination—ultimately reducing errors, improving efficiencies, and keeping projects on track. Learn more at lendingstandard.com.