Shmuel Shayowitz

President and Chief Lending Officer at Approved Funding
On the record

Shmuel Shayowitz is a highly regarded Real Estate & Finance Executive, Writer, Speaker, Coach, and Advisor. He is President and Chief Lending Officer of Approved Funding, a privately held national mortgage banker and direct lender (NMLS#19871).
Shmuel has over twenty-five years of industry experience, holding numerous licenses and accreditations, including certified mortgage underwriter, licensed real estate agent, residential review appraiser, and real estate investor, to name a few.

Recent Quotes
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  • I had a seller ask the buyer to close on the home and allow them to stay there rent-free for 45 days. I also had a seller who was willing to accept an offer — above the asking price, of course, but it was contingent on no set closing date. The seller would have up to six months to close but could close with as little as 30 days' notice, and the buyers would need to be ready in both extreme instances.

    25 March 2022
  • Generally when there is economic uncertainty, there is a big 'flight to quality' where investors seek Safe Haven in more stable investments such as U.S. treasuries. During Covid however both the bond markets and equity markets were benefiting because of Fed intervention which benefits everybody through an artificial manipulation of the market.

    25 March 2022
  • There are two other instances when banks may hedge rates a bit. Sometimes lenders are waiting to be sure that a lower rate will stick and not rebound immediately. That would leave the bank with a rate locked for a customer that’s lower than a now-prevailing rate. Other times it may be an effort to manage mortgage demand in order to clear a backlog of loans without adding manpower to handle additional volume.

    11 July 2021
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