ValueXpress experienced overwhelming mortgage broker traffic at networking events and at its booth during the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo that was recently held at the Red Rock Casino in Las Vegas. ValueXpress participated as a Platinum Sponsor of the event again this year. At the October 4-6 conference, ValueXpress exhibited during the trade show and participated on many commercial loan panels designed to provide mortgage brokers with information on CMBS conduit loans.
According to Kris Roglieri, co-founder of NACLB, “I am excited to announce that our exhibitor and broker attendance has doubled since our first conference, which exemplifies that this event is a much-needed conference and association for the commercial loan broker industry.”
At the closing luncheon, Kris announced that NACLB is taking next steps to formalize into a membership organization. A Board of Directors consisting of individuals from both the loan brokerage and lending industries was announced. The Board’s first order of business will be to create a “Code of Ethics” of best practices for brokers to follow in order to maintain membership in NACLB.
Michael D. Sneden, Executive Vice President at ValueXpress, participated in the opening general session on the State of Lending Today (see our 10.5.16 News Article below) and two breakout sessions on commercial real estate lending at which panelists presented their unique loan products to attendees. Mike moderated the panels as well as discussed the CMBS conduit loan product with participants.
“While Mike was speaking, Jim Brett and I spoke with hundreds of mortgage brokers who stopped by our booth,” commented Dennis Suh, Vice President of ValueXpress. “Brokers were excited to learn about the unrestricted cash-out and non-recourse benefits of CMBS conduit loans.”