For every commercial mortgage broker, the goal is to close as many deals as possible. To accomplish this, it’s important that you have a good grasp on the underwriting guidelines and process of every lender with whom they work. This will allow you to place your borrowers with the right commercial mortgage lenders. Below is […]
Read More… from What Brokers Need to Know about Commercial Mortgage Underwriting
The commercial and multifamily lending niche is projected to have a record year in 2019 and to continue its growth in 2020, according to the Mortgage Bankers Association (MBA). Commercial and multifamily originations in 2019 will hit a record $652 billion of loans backed by income-producing properties, according to MBA’s forecast. This marks a 14% […]
Read More… from Demand for Commercial and Multifamily Financing Is A Great Opportunity for Brokers
Closing small-balance commercial mortgages is a simple way for brokers to earn more, and taking the time to learn about and understand the underwriting process will make it even simpler. Once you know what goes into underwriting a small-balance commercial mortgage, you’ll be able to provide your lenders will all of the necessary information in […]
Read More… from Understand the Commercial Mortgage Underwriting Process
Brokers looking to expand their business and earn more have a great opportunity in the form of small-balance commercial mortgages for non-bankable borrowers. This market is under served, and it’s simple to get started and close these loans. Here’s what you can expect when you begin working on these types of deals: Low-doc submission: When […]
Read More… from Closing Non-Conforming Commercial Mortgages is Easy
As a broker, your job is to work with borrowers to help them obtain the best possible commercial mortgage for their situation. In order to do this, you need to be able to quickly assess whether your borrower will qualify for a bank loan or whether they’ll need alternative financing. That way, you can start […]
Read More… from How to Spot a Non-Bankable Commercial Mortgage Borrower
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 […]
Read More… from Understanding the Non-Conforming Commercial Mortgage Process
For many small business owners, it’s a real problem when their local bank decides not to renew their commercial mortgage and calls the note due. These borrowers have a limited time frame in which to find financing in order to pay off the note, and they usually require the assistance of a broker. Here’s what […]
Read More… from What to Do When the Bank Won’t Renew Your Borrower’s Commercial Mortgage Loan
“When did you purchase your property and what did you pay for it?” This is a crucial question that brokers handling commercial mortgages should always ask when their borrower is looking to refinance. Many lenders will need to know the length of ownership and the purchase price before they can begin the underwriting process, so […]
Read More… from Understanding Commercial Mortgage Seasoning Requirements
Nonconforming commercial mortgage lenders have the ability to close loans for their brokers in a timely manner, but the speed of the underwriting process depends largely on brokers. In order for your transactions to close quickly and smoothly, you need to understand what your lender needs in order to fully underwrite a deal. Here’s what […]
Read More… from Understanding Commercial Mortgage Underwriting