Small-balance commercial mortgages are a great opportunity for brokers to close more loans and earn additional income. However, if you’re unsure of how to go about it, closing these loans can seem like a challenge. Once you know how to proceed, though, getting these deals done is very simple. Here’s what you need to do […]
Read More… from 4 Steps to a Successful Commercial Mortgage Closing
The two biggest jobs of any broker are to find clients commercial mortgages that fit their needs, and to prepare the borrowers for the loan they can expect and the process of obtaining it. For brokers working with non-bankable borrowers, this means seeking out alternative commercial mortgage lenders, getting the information required to start the […]
Read More… from Get Your Borrower Ready for a Small-Balance Commercial Mortgage
Small-balance commercial mortgages for non-bankable borrowers come with their own set of unique obstacles. As a commercial mortgage broker, it’s your job to anticipate these challenges and explain the benefits of going ahead with a non-conforming commercial mortgage. Here’s what you should expect and how you should handle these obstacles: Be upfront with your borrower. […]
Closing small-balance commercial mortgages is a great way for brokers to earn more as long as they understand how to go about it. As long as you take the time to understand each deal and collect the information your lenders will need, these loans are a simple way to increase business. Here are some simple […]
Read More… from Become a Small-Balance Commercial Mortgage Champion
Many borrowers seeking commercial financing need it fast. Whether they need the funds to pay off a ballooning mortgage, take advantage of a great inventory deal or purchase a property quickly, it’s a broker’s job to get them the mortgage they need in the timeframe they require. Here’s what you need to do: Find a […]
Many borrowers rely on commercial mortgage brokers for a simple and smooth transaction, so it’s important to make sure you’re handling things correctly. Small-balance commercial mortgages don’t have to be difficult; you and your lender simply need to be on the same page. Here are some tips that will make closing commercial mortgages easy for […]
Read More… from Four Tips for a Smooth Commercial Mortgage Closing
There’s no reason for brokers to be afraid of small-balance commercial mortgages. This niche presents a great opportunity for you to work in an under served segment of the industry and earn additional income. While it might seem challenging at first, working with a dependable lender like APEX Mortgage Corp. makes closing these loans simple. […]
Read More… from Don’t Get Spooked by Small-Balance Commercial Mortgages
When a mortgage broker begins working with a small-balance commercial lender, an account executive will likely be the first person with whom they speak. Your account executive’s job is to build relationships with brokers and to evaluate the deals they submit before passing them on to their underwriting department. Here’s what every broker should know […]
Read More… from What Commercial Mortgage Account Executives Want Brokers to Do
Closing small-balance commercial mortgages can be an easy way for residential brokers to expand their product offerings and earn more. However, it’s important to determine whether a lender handles processing or whether you’ll be expected to take care of it yourself. It’s much simpler for brokers when the lender handles things like ordering the appraisal […]
Read More… from The Benefits of a Small-Balance Commercial Lender Who Handles Processing
As a small-balance commercial mortgage lender with decades of experience, APEX Mortgage gets plenty of questions from brokers about the lending process and what we can offer them and their borrowers. Here are some of the most common questions we receive and their answers: Is my fee protected? At APEX, your fee is always protected. […]
Read More… from Common Commercial Mortgage Broker Questions Answered