Latest News and Industry Updates
CHARLOTTE, NC – Cardinal Financial is honored to be recognized as LendingTree's Top 10 Rated in Customer Satisfaction for Q1 of 2021. This accomplishment highlights Cardinal Financial's commitment to advancing the mortgage and home buying experience for customers. Cardinal Financial’s loan origination software, Octane®, streamlines the application process and provides industry-leading transaction transparency. But what truly sets the company apart is the team of mortgage professionals dedicated to making homeownership goals a reality, for all customers.
We are thrilled (and that might be an understatement) to announce that industry powerhouses Cindy Brown and Jim Hopkins are joining Cardinal Financial! Talk about #squadgoals. Throughout their extensive careers, these seasoned sales leaders have guided their respective departments to tremendous success. Now they'll bring their leadership and experience to their new roles as Divisional Senior Vice Presidents for Retail Production.
Cardinal Financial is excited to announce additional programs are now available to eligible borrowers who are part of the Deferred Action for Childhood Arrivals (DACA) program.
Across the globe, we are facing a challenge of incredible scope and significance, and our hearts go out to all who have been affected by COVID-19. There’s no doubt that these are unsettling days, but despite the uncertainty, we want our team members, customers, and partners to know that we are here for them, and we will get through this together.
At Cardinal Financial, our hearts go out to all those who have been affected by the novel coronavirus outbreak, and the continued health and safety of our employees, customers, and communities is our top priority. We understand the growing concern associated with COVID-19 and are committed to being responsive to the needs of our customers and employees throughout the evolving situation.
Don’t look now, but condos just got cooler. The Federal Housing Administration has finally issued a long-awaited update to its condominium rules by announcing that it will now allow “spot approval” on individual units and is taking further steps to loosen requirements that make these properties eligible for FHA financing. Effective for case numbers assigned on or after October 15, 2019, Cardinal Financial is aligning with FHA’s updates to condos. Our project review for FHA condominiums will follow the FHA’s requirements for approving condos and condo projects, and these changes are estimated to qualify 20,000 to 60,000 more units for FHA financing.
Despite the increased exposure to content and online resources, consumer understanding of what it actually takes to qualify for a mortgage is not improving. This provides an important opportunity for lenders, including us, to make efforts to bridge that knowledge gap. In order to help provide consumers with such knowledge, we sought a more effective way to utilize modern technology.
CHARLOTTE, NC, June 1, 2019 - This past weekend, Cardinal Financial partnered with Genworth Mortgage Insurance and Raleigh-based charity Rise Against Hunger to package over 20,000 meals for people around the world who may be getting just one meal a day. The charity has a goal of ending world hunger by 2030, and several team members from the Charlotte office volunteered their time to help make a difference.
We’d like to take a moment to congratulate Ralph Dibugnara and Frank Capobianco on making the switch to Cardinal Financial! We’re excited to have them on board.
CHARLOTTE, NC - In light of the current partial Federal government shutdown, the VA announced that it is still open for business and actively working to provide its veterans with support and relief at this time. Every American is likely impacted by the shutdown in one way or another and the VA is aware that some veterans may be experiencing significant stress, both personally and financially. Veterans and Federal employees who are currently furloughed can still receive benefits from the VA’s Veterans Benefits Administration.
CHARLOTTE, NC - The Federal Housing Finance Agency (FHFA) recently announced another increase in the conforming Conventional loan limit from $453,100 at the start of this year to $484,350 for one-unit properties not in Alaska and Hawaii. This new base limit represents a $31,250 increase and applies to single-family residential loans closed after November 27, 2018. The maximum limit for super-conforming and high balance loans secured by a one-unit property will now be $726,525.
CHARLOTTE, NC - Cardinal Financial’s Marketing team was recently awarded the W³ Silver award in four categories for the company’s website, cardinalfinancial.com. The W³ Awards Competition is open to all organizations and individuals involved in creating, designing, maintaining, or promoting websites, mobile sites and apps, online marketing, social content, and original video content created for the web. To win a W³ Award is to be honored as the best of the web.