Why Underwriting Is So Important !
FayeWilsonFunding.Com
Commercial Financing Expeditor

Having Your Projects Pre Underwritten Gives You A Major Advantage Over  The Other Projects Your Funder Is Considering.

 

A Pre underwritten loan package makes the lending decision almost brainless for your funder.  All or the key information is accessible and easy to locate and to analyze . This gives you several advantages over all the other applicants in the lender's financing pool.

10 Reasons Why You Should Have Your Commercial Project Pre Underwritten Before Sending Them To Any Lender!
1

A Professionally underwritten loan package get the lenders immediate attention because rarely do they receive pre underwritten proposals. Your proposal automatically get the Lender attention because it's and exceptional package.

2 A pre underwritten proposal gives you the opportunity to identify any weaknesses in your proposal before submitting it to the Lender. You can address the weakness prior to submitting your proposal thereby eliminating the possible and obvious weaknesses in the proposal prior to submitting it to the lender.
3

A pre underwritten proposal illustrates your attention to detail and illustrates that you have given great thought and consideration about your project.

4

A pre underwritten proposal makes it easier to negotiate with the Lender and to enter into a constructive dialog based on your numbers rather than speculations. Additionally, you can use this report to negotiate with the property seller by sharing the report and explaining that the property simply can't meet the underwriting guidelines at the current price and will require a reduction in the price to meet the underwriting guidelines.

5

A pre under written proposal is simply easier for a Lender to analyze and speeds up the process thus, your replies will be much faster because it's simply easier for the lender to analyze your proposal. Without the report it could take weeks for the Lender to access your proposal. With a underwriting report, it will take days.

6

A pre underwritten proposal makes your negotiations with the Lender easier because all of the information the Lender needs is available.

7 A pre underwritten proposal can be used to negotiate with a Seller for a lower price or better terms. "According to my underwriters, the property is only worth $$$$$$, here's a copy of the underwriting report for you to review".

Additionally, as a property seller, the underwriting report can eliminate any negotiations and put you in a position to establish to your Sellers that the property is worth your asking price thereby eliminating the need for any price negotiations.

8

A pre underwritten proposal loan package identifies you as a serious borrower.

9

A pre underwritten proposal separated you from all you competition and put your loan in the front of all the other projects that are not underwritten.
 

10

You only get one time to make a first impression. A Professional proposal makes your first impression your best impression!

What's Included In The Underwriting Package ?

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