1. Home
  2. News
  3. Underwriting tips to get your deal funded faster

Underwriting tips to get your deal funded faster

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