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Understanding the Role of Credit in Commercial Mortgages

Understanding the Role of Credit in Commercial Mortgages

Credit scores and reports are some of the most important tools a lender has at their disposal when underwriting a commercial mortgage. Because of this, it’s crucial for brokers to understand each borrower’s credit history and how it could impact any loans for which they apply, as well as how to help borrowers with less-than-stellar […]

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Credit Bureaus Announce Changes to Credit Reports

The decision to remove many tax liens and civil judgments from people’s credit reports could boost scores for millions of U.S. consumers, according to a report by the Wall Street Journal. According to the article, the three major credit-reporting firms – Equifax, Inc., Experian PLC and TransUnion – will be removing some of the above […]

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The Importance of Credit Reports in Commercial Mortgage Lending

A borrower’s credit is one of the most important metrics a commercial mortgage lender uses to determine their financial strength, as well as the terms of the mortgage. Because of this, it’s crucial for brokers to understand the significance of credit reports and the differences that may appear between the free credit sites, as well […]

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The 4 C’s of Commercial Mortgage Lending: Credit

Part One of a Four-Part Blog Series Credit reports are an incredibly valuable tool for lenders when it comes to making financial decisions, so naturally, we receive a lot of questions from our commercial mortgage brokers about credit reports. It should come as no surprise that lenders prefer tri-merge credit reports as opposed to the […]

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Convincing a Commercial Lender to Look Past a Credit Score

Small business owners with less-than-stellar credit histories still need commercial mortgages. As a commercial broker, your job is to find a lender willing to work with these borrowers and to convince the lender that they can handle taking on new debt. Proving that your borrower’s credit issues are behind them means you need to provide […]

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House Debates Changes to Credit Reporting Laws

The debate over credit reporting practices continues as one United States legislature has proposed removing negatives from credit reports, according to a report in the Miami Herald. At a hearing before the House Financial Services Committee, Rep. Maxine Waters, D-California, proposed amending the federal Fair Credit Reporting Act to require the national credit bureaus to […]

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