Kevin Kim hosts a special episode of Lender Lounge on location at Renovo Financial’s Top Gun Event in Los Angeles. Joined by Paul Shaughnessy, a top originator at Renovo, and Kevin Werner, CEO of Renovo Financial, the discussion delves into Renovo's culture of employee investment, relationship-driven lending, and long-term growth strategy. The guests highlight Renovo’s commitment to local market expertise, continuous learning, and a high-performance team culture that drives their success. Insights into client relationships, the importance of local market presence, and future ambitions for Renovo make this a compelling episode.

 

Bullet Points:

[00:00:00] Introduction to the Lender Lounge podcast with Kevin Kim.

[00:00:48] Kevin Kim on location at Renovo Financial’s Top Gun Event in Los Angeles.

[00:01:19] Paul Shaughnessy introduces himself as an originator at Renovo Financial.

[00:01:35] Kevin Werner introduces Renovo's annual Top Gun Event for top performers.

[00:02:03] Criteria for Renovo’s Top Gun: Originators must close $50 million annually.

[00:03:01] Discussion on Renovo's culture of investing in employee happiness and growth.

[00:04:21] Renovo’s focus on continuous learning and development for the team.

[00:06:38] Challenges of expanding into new markets and attracting top talent.

[00:08:31] Renovo’s approach to lending only in markets where they have a local presence.

[00:09:40] Paul Shaughnessy on building Renovo’s presence in Massachusetts.

[00:12:31] Importance of understanding clients' business goals and challenges.

[00:14:27] Relationship-driven lending versus rate-driven competition.

[00:16:18] Balancing competitive product offerings with strong client relationships.

[00:18:23] Long-term perspective in lending and the value of borrower loyalty.

[00:24:14] The consultative approach to client relationships at Renovo.

[00:28:13] Navigating competition from legacy hard money lenders.

[00:31:04] The importance of character assessment in borrower qualification.

[00:33:21] Renovo’s diversified product offerings in the Massachusetts market.

[00:38:01] Expansion plans for Renovo in California with a focus on local leadership.

[00:41:06] Renovo’s internal culture-building through events like Renovo Palooza.

[00:44:31] Investing in employee development without sacrificing profitability.

[00:50:09] Insights from other successful companies like Quicken Loans.

[00:54:11] Transparency and accountability at Renovo through public performance metrics.

Links:

Learn more about Renovo Financial at https://renovofinancial.com/

Learn more about Geraci Law Firm at https://www.geracilawfirm.com

Subscribe to the Lender Lounge newsletter for episode notifications and exclusive content at https://www.geracilawfirm.com/lender-lounge-podcast

Subscribe to the Geraci Law Firm newsletter at https://www.geracilawfirm.com/sign-up

Follow Lender Lounge with Kevin Kim on LinkedIn and YouTube