We hired one person in each region to keep your deals moving from quote to close.
Additional communication after submission of the underwriting package helps keep you in the loop on the deal specifics and close loans quickly.
We now have one single format for all regions and product lines.
The standardized PLIM checklist is easier to complete and keeps it consistent across transactions.
We officially accept e-signatures on these forms.
Revised due diligence requirements, reduced legal costs and expedited process for smaller transactions.
A more innovative and efficient legal approach results in significant time savings.
No need to submit them to us. You retain them.
Loans are funded upon approval, reducing the cycle time from delivery to purchase.
Our new application fee timing eliminates over 800 wire transfers per year for our partners and us.
More transparent guidance around public records search results, saving you time and costs.
We reduced the number of original documents delivered to us both physically and electronically – from over 35 to just six.
We now accept one blanket certification for property level due diligence.
Our systems now accept any financial statement format with CREFC-compliance for Master Servicers.
We no longer require MMPs, O&M Plans, or carve-outs for problematic materials, under certain conditions.
We streamlined our underwriting requirements, resulting in smaller underwriting packages.