Broker's Commercial Advantage

Commercial loans are one of the most highly feared and misunderstood types of loans in real estate today. They are thought to be extremely complex and next to impossible to learn. This is not the case. Rather than being difficult to learn, commercial loans are quite easy to understand once you know how they differ from traditional residential mortgages.

Much of the fear and anxiety from commercial loans is due to the lack of training materials available.There is simply not much out there to teach a person how to close a commercial loan. Most who learn commercial mortgages do it through years of trial and error and through all the hard work, they simply decide to keep the information to themselves. After all, why should they give away what they worked so hard to learn?

Most training materials in residential mortgages is geared towards teaching the LO how to comply with various regulations with regards to RESPA and HUD. Since commercial loans are not regulated by any single agency, there are few resources available from which to develop training materials.

This is where the Broker's Commercial Advantage comes into play.

Broker's Commercial Advantage is the latest addition to the MortgageSalesTools.com product lineup. Many REA customers have requested just such a thing from us and now it is here! We have taken all of our commercial experience from the past several years, added to it some information gathered through interviews with various commercial lenders and experts, and put it all together in a nice little software package that walks the residential LO through all of the basic steps of closing commercial loans, from the first contact with the customer to the closing of the loan.

Broker's Commercial Advantage includes a generous helping of forms and documents to help you get started and to protect you. It includes an investor list and links to dozens of helpful resources. Step by step instructions are included for everything from taking the loan app to receiving your check. Everything you need to get started is all in one place.

Here is an excerpt from the software:

"There are two main differences between commercial loans and the traditional residential mortgage. The first is that a commercial loan does not always have to be tied to a property. They usually require collateral, but the collateral can be nearly anything of value that the lender is willing to accept. The second difference is that commercial loans are not regulated by HUD. What this means is that with the exception of a few states that have their own commercial broker license requirements, almost anyone can broker commercial loans without any need for a license or fee of any kind. Even an LO for a residential company can close a commercial loan in most states in their own name without the need of the company's license and can therefore keep 100% of the fees for themselves and it is perfectly legal and normal to do so."

Broker's Commercial Advantage has been in development for over a year. We are unsure of the pricing structure for this package as there is literally nothing else out there to compare it to. Many customers have suggested that they would be willing to pay up to $200 for such a product. Our target price is $149.95. At the same time, it is often difficult to get a new product rolling. For this reason, we are starting it at an introductory rock-bottom price of $99.95 for the first 30 days! If this is something you have been waiting for, don't wait for the price to increase, get yours today!