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Re: Commercial loans
Posted by  Cheryl Elliott of CA on 3/16/24 12:11pm Msg #647997
When you wrote that the opening offer was $75, I knew it had to be a signing service. A couple of years ago when rates were much better, I had five refis for commercial tenant anchored centers that paid $250 each, I printed two sets, no faxbacks, and overnighted the same day, as they were same day closings out of state.

Stick to better fees. These transactions are golden. The borrower doesn't go through all the hoops that residential loans require because their qualification is based on the borrowers financial portfolio strength, not a salary. These borrowers were in their 80s. It wasn't their first rodeo, and as Janet mentioned, professionalism, confidence and expertise are key, or you wouldn't be there.

Hope you can find more of these lenders to get work from, Leslie.
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Messages in this Thread
 Commercial loans -  Leslie_Mo on 3/13/24 5:57pm
 Re: Commercial loans...depends on a lot of things - Linda_H/FL on 3/13/24 6:04pm
 Re: Commercial loans...depends on a lot of things -  Leslie_Mo on 3/13/24 6:14pm
 Re: Commercial loans...depends on a lot of things -  Cheryl Elliott on 3/13/24 9:00pm
 Agree w/Cheryl. $75 is a 1 doc signing. Not any Pkg. n/m - Lee/AR on 3/14/24 4:18pm
 Agree w/Cheryl & Lee. $75 is a 1 doc signing. Not any Pkg. n/m -  Yoli/CA on 3/14/24 8:04pm
 Re: Agree w/Cheryl & Lee. $75 is a 1 doc signing. Not any Pkg. - SteveS/CA on 3/15/24 10:06am
 Re: Commercial loans - SteveS/CA on 3/15/24 10:09am
 Re: Commercial loans -  JanetK_CA on 3/15/24 2:39pm
 Re: Commercial loans - SteveS/CA on 3/16/24 7:08pm
 Re: Commercial loans -  Cheryl Elliott on 3/16/24 12:11pm



 
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