Brokers are always looking for simple ways to make more money, and one of the best is to start closing small-balance commercial mortgages. However, these loans – like any other – can present challenges. This is especially true if you’ve chosen to work in the niche that serves non-bankable commercial borrowers. While some issues might […]
Category: Commercial Mortgage Closings
It’s a Great Time to Start Brokering Commercial Mortgages
Residential mortgage applications decreased by 7.1% from the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2018. The Market Composite Index, which measures mortgage loan application volume, decreased 7.1% on a seasonally adjusted basis from one week prior. On an unadjusted basis, the Index […]
Close Commercial Mortgages with Ease
As a commercial mortgage broker, you’ve got one goal: Close deals. In order to do that, you need to take the time to prepare each deal as well as you can before submitting it to a lender. Having the right information, the necessary documents and a thorough knowledge of your borrower’s commercial mortgage request will […]
How to be a Commercial Mortgage Superhero
As a commercial mortgage broker, you need to earn the trust of both borrowers and lenders in order to reach your full potential. Both parties are relying on your skills to make the commercial lending process simpler. Follow the tips below, and you’ll impress both borrowers and lenders, and gain the ability to close deals […]
Commercial Mortgage Originations Hit Record Level in 2017
The volume of commercial mortgages originated hit a record high of $530.1 billion in 2017, according to data from the Mortgage Bankers Association’s (MBA) Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. “2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage […]
Advantages of Small-Balance Commercial Mortgages
If you’re a broker who’s interested in closing more loans and earning more income, closing small-balance commercial mortgages is a great opportunity. This underserved niche allows brokers to close more mortgages in a shorter timeframe while earning more on each deal, and the process is simple. Here are some of the advantages of closing small-balance […]
Don’t Get Spooked by Small-Balance Commercial Mortgages
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. […]
Understanding the Non-Conforming Commercial Mortgage Process
Brokers seeking to expand their product offerings and increase their income need to look no further than the occasional small-balance commercial mortgage deals that cross their desks. These loans are a quick and easy way to earn more as long as you understand the process and choose the correct lender. Here’s what every broker considering […]
How to Close a Challenging Small-Balance Commercial Mortgage
Every broker working to close small-balance commercial mortgages has dealt with loans that present a challenge. Deals involving non-bankable small business owners often present unique sets of obstacles such as less-than-stellar credit, delinquent taxes or issues regarding income verification. Certainly knowing when to turn down a commercial mortgage request is important, but brokers also need […]
Closing Time-Sensitive Small-Balance Commercial Mortgages
Obtaining a small-balance commercial mortgage for a non-bankable borrower can be difficult enough without worrying about how long a lender will take to approve and close the deal. It’s important for broker to work with small-balance commercial lenders who will focus on moving the deal forward, particularly when time is of the essence for your […]