Western Capital 的动态

Transcript

Hi, I am Makini and today I would like to speak with you about why you would want to work with Western Capital in the 1st place. We're a national commercial lender. That means that we have developed and maintained strong relationships with hard money lenders that give us preferred status when it comes to underwriting or appealing for exceptions on your behalf as we need them. When you first speak with us to fill out an application, we analyze the information to determine the best structure for your scenario. We give you options including different rates, terms and conditions, and you could choose what works best for you. Direct lenders will only sell their in-house products and there is no buffer when something goes wrong with your file. For example, some lenders may have a low tolerance for borrowers that are unique in some way or don't quite fall within their seemingly cookie cutter requirements. So they just deny you along and your deal is dead and it's up to you to get back on the phone and shop for a new lender. Western Capital were a filter relaying only the information needed for underwriting. Nothing more, nothing less to get you deal through. If your loan is denied, we will do the work for you. We'll review, repackage and send your file to a different lender who can make it happen. When something goes wrong, we act as you advocate. We'll let you know as soon as we know, and we may quickly propose an alternative approach. During underwriting would push your file through the investors team on your behalf. As I mentioned, we do have preferred status with them, so they are inclined to prioritize Western capital files. We close fast. Closing time with Western Capital average is 10 days after we receive the appraisal. Depending on how backed up appraisers are in your area, it will generally take three weeks from application to closing. We maintain clear and consistent communication throughout your process with a high touch approach. We level set and expectations so that all parties are on the same page. Now. Some direct lenders have multiple departments parsing our components of your file to different spaces. Once your loan application is in, they may have a separate title department that may wait to order the title after the appraisal is back or separate entity department that will have their own. Turn around time to view your entity docs or even a separate insurance or appraisal department that adds on their own turnaround time to review and approve these activities. Add layers of bureaucracy and time to get your loan to close. Besides your loan officer, you have one contact person here at Western Capital. Your processor will work with you through the documentation requirements to your closing and funding date. Your loan officer will review your HUD with you prior to closing so that there are no surprises at the table. Lastly, we get paid when you get paid only if your loan closes. We thrive on repeat business and we want you to be successful in this transaction so you can come back and do more with us during the year. Because of the depth of our experience, if you're in a deal that we think will not benefit you, we'll let you know what we know, sometimes even recommend that you walk away or hopefully you give us an opportunity to partner with you on your next deal. So give us a call to walk. Through your scenario today.