News: Long Island

Advantage Group hires Synan and Albright and promotes Angiulo and Licitra

The Advantage Group of Companies has hired two and promoted two. Cynthia Synan has joined The Mortgage Advantage, of Huntington, a mortgage brokerage affiliate of the Advantage Group, as director of business development. Previously, she was director of reverse mortgage sales at Interstate Home Loan Center, Inc., of Melville. She has more than 16 years of experience in all facets of the mortgage industry and will be responsible for creating new initiatives for Mortgage Advantage, as well as integrating those initiatives into the current business model. She will also be responsible for recruiting new loan officers. Stephen Albright, Esq., has joined Advantage Title Agency Inc., Melville, as senior vice president. Albright previously was counsel to HSBC Land Title Agency (USA) LLC, of Commack. He has more than 25 years of diverse real estate, lending and litigation experience and has provided strategic advice to leading law firms in connection with high profile real estate transactions throughout the tri-state region. Denise Angiulo was promoted to vice president/business development, at Advantage Title Agency Inc., of Melville. Previously, she was a client manager. Last year, Long Island Business News recognized her as of one of the region's 50 Around 50 business leaders. Michael Licitra has been promoted to executive vice president of Advantage Title Agency Inc. He previously was senior vice president. A commercial transaction specialist with more than 26 years experience, he handles many of Advantage Title's most complex closings. Founded in 1987, Advantage Title, recently ranked as the best title insurance agency in New York by the New York Law Journal, is a leading privately owned title insurance agency with offices in Melville and Manhattan.
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.