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Home > Business, Canada, Finance, loans, Manufactured Housing Industry, Marketing Sales Management, News Item > ECN Triad Financial Services – Fascinating Facts, Manufactured Home Industry Professionals, Investors

ECN Triad Financial Services – Fascinating Facts, Manufactured Home Industry Professionals, Investors

January 25th, 2018

ECNCapitalTriadFinancialServiceslogoFascinantingFactsDailyBusinessNewsMHProNews

Triad Financial Services is now part of Canadian based ECN Capital, a publicly traded company, as the Daily Business News has previously reported.

ECN/Triad produced a power point designed for investors. 

Three of those slides have been published on MHLivingNews, as part of a broader report for savvy shoppers of manufactured homes. 

 

That MHLivingNews report is linked below.  It includes a video produced for the FMHA, which thousands of industry professionals should also find of interest.

U.S. Association, Plus Canadian-Owned U.S. based MH Lender Release Video, Facts on Modern Manufactured Homes and MH Homebuyers

Those ECN Triad slides are posted below, because they are useful to the industry’s understanding of its customer base. 

BusinessOverviewECNCapitalTriadFinancialManufacturedHousingLendingManufacturedHomeLivingNews_001

 

WhatAreManufacturedHomesManufacturedHomeLivingNewsTriadFinancialServicesECNCapital

CreditQualityECNTrianFinancialServicesManufacturedHomeLivingNews1

The credit quality attracted by Triad is similar to that of conventional housing buyers, perhaps slightly better. This is good news for the industry and its investors. It should be eye-opening for those who struggle to get 600 credit score buyers.

Fishing in the Right Pond’

As Credit Human’s Barry Noffsinger said in the 16 minute video posted above, the better credit scores are buying site built houses, but Triad, Credit Human and others demonstrate that they routinely make loans to that same credit profile.

The industry can be proud of loans made that lead customers with problematic credit histories into successful becoming home owners.  That’s a big market. 

But the largest market, as Noffsinger and NAR research alike point out, are those site built buyers.

Learning how to attract those buyers is a key to advancing the industry retailers, communities and developers in local market(s) to its potential.   ## (News, analysis, and commentary.)

Related: To Learn More, click the report below.

KYPs, and the $64 Billion Dollar Question-Monday Morning Manufactured Housing Sale$ Meeting

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
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