Tag Archive for: loan salability

Why Lenders Have to “Beat Up” Borrowers

Our well-heeled borrowers often get extremely frustrated when we ask them to chase down seemingly inane conditions. They will say: “I can just pay cash for the entire house… WHY do I need to provide this?” This happens so often that it prompted me to repeat this blog from a few years ago. BEATING UP […]Read More

Mortgage Banks vs. Commercial Banks; What’s the Difference? What’s Better?

The Wall Street Journal featured an article recently that stressed that buyers in a competitive market need a lender with a stellar reputation, an ability to close quickly, great communication skills, and local appraisers. Big bank/commercial bank corporations are just that: they’re big. Large corporations tend to have huge amounts of clientele. As a result, […]Read More

Mortgage Bank vs. Commercial Bank; What’s the Difference?

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Beating Up Borrowers (Even Pro Ball Players) For Inane Conditions; Why?

We financed a purchase for a professional baseball player last year, and it was a mortifying experience for one of our Processors. This is why… The borrower made close to $4 million per year and could have paid cash for the house several times over. He was only seeking financing at the behest of his […]Read More