Commercial and multifamily mortgage originations in 2017 were up 15% over 2016, according to estimates from the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. According to the data, there was a 9% increase in originations over the third quarter and a 10% increase compared to the fourth quarter of 2016. “Based […]
Category: Loan Submission
How to Close a Commercial Mortgage Quickly
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 […]
Four Tips for a Smooth Commercial Mortgage Closing
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 […]
Growing Your Business with Small-Balance Commercial Mortgages
Closing small-balance commercial mortgages is a simple way for brokers to earn more if they understand how to approach the niche. This market offers many brokers the opportunity to expand their product offerings and earn more without much extra work. If you’re looking to close more small commercial mortgages, here’s what you need to do: Get to […]
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. […]
Small-Balance Commercial Mortgages for Non-Profits
It’s not unusual for commercial mortgage brokers to come across non-profit organizations in need of financing. While it can be challenging for these organizations to obtain funding from traditional sources like local banks or credit unions, there are small-balance commercial mortgage lenders who can provide mortgages to non-profits. Here’s what brokers should know about the […]
What Commercial Mortgage Account Executives Want Brokers to Do
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 […]
The Benefits of Knowing Your Commercial Mortgage Borrowers
In order to properly present a small-balance commercial deal to a lender, brokers need to get to know their borrowers. Taking the time to learn about your borrower and their business will make it easier to place the deal with the right lender and to close the deal quickly and without issue. The more you […]
How Brokers Can Impress Small-Balance Commercial Mortgage Lenders
Success as a broker hinges on a number of factors, but one of the most important is the impression you make on a small-balance commercial mortgage lender and the partnership that you build with them. Maintaining good working relationships with your lender benefits not only you, but your borrowers as well. Here are some tried […]
Things to Consider When Submitting a Hotel Mortgage Scenario
Finding financing for hotel and motel properties can be a challenge for both brokers and their borrowers. The hospitality industry can be difficult to navigate, so some lenders may see these loans as too risky. However, there are non-conforming, small-balance commercial mortgage lenders who will fund deals for these properties. Here are the questions brokers […]