Business View Magazine | June 2022

126 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 6 Over 30 Years Of In-depth Environmental Site Assessments OUR SERVICES IN ENVIRONMENTAL PLANNING, COMPREHENSIVE DEVELOPMENT AND DESIGN: Phase One Environmental Site Assessment Reports Phase Two Environmental Site Assessment Reports Transaction Screen Process Reports Property Condition Assessment Reports Soil, Water & Air Analyses and Tank Testing Remedial Investigation/Feasibility Studies Asbestos Management and Lead Based Paint Testing & Management services, so customers can get a mortgage and also have access to their money in any of those offices. Naudon admits, “We’re moving as rapidly as we can on that. But the important thing about the mortgage company is that a bank normally can’t hold 30-year fixed rate mortgages and that’s what a lot of our community people need. So by purchasing the mortgage company, we can now offer those mortgages because we sell them in the secondary market. We acquired that expertise and have really increased our value to stakeholders.” Also, because they are a CDFI, Ponce Bank can make a non-QM (Qualified Mortgage), bypassing a lot of burdensome proofs that allows them to focus on the small business owners who have less documentation than they would traditionally require. It is a much better and faster process and non-QMs are very attractive in the secondary market. Additionally, as an MDI and CDFI, Ponce Bank qualifies for the