We share your sense of urgency on every deal and strive to provide a turnaround within 48-hours. Here are some tips to streamline the process and ensure your deal is funded as quickly as possible.
Know your alternative lenders’ TDS/GDS limit
- Understand what their definition of ‘non-conforming’ is
- Understand when they will make an exception
- Lean on your BDM and underwriter for guidance on policy changes
Remember that closing a deal shouldn’t only be about the rate. Consider whether or not your lender has the following:
- Reasonable conditions
- A common sense approach
- Affordable pre-payment options
- Mortgage portability/blend and extend options
- Service and flexibility
Use your deal notes
- Provides ‘building blocks’ for your lender
- Should tell your client’s whole story
Guide your alternative lending clients
- Explain to them why they do not currently fit in the 'A' market
- Develop a game plan that will help them get back on track to qualify for lower rates
- Keep them (and your lender) aware of every step in the process