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Tips to help loan officers generate more business

October 4, 2021

Tips to help loan officers generate more business

The competition is fierce in the mortgage lending space, and LendSure’s non-QM programs are the perfect way to set yourself apart. By adding non-QM options to your product menu, you expand your scope of services and can offer more solutions to your clients and referral partners.

Let us help you!  Our highly experienced team is committed to helping you generate loans that provide solid benefits to credit-worthy borrowers.

When you partner with LendSure, you’re aligning yourself with some of the best talent the non-QM sector has to offer. Tap into our wealth of knowledge to grow your capabilities and say “YES” to more customers.

Looking to grow your bottom line and serve a wider range of clientele? Consider this:

Expand your product line: To attract more business, you’ll need to offer something others don’t, and that’s where we come in.  Many lenders focus solely on conventional, VA, and FHA products. By adding our non-QM solutions to your tool kit, you won’t just be telling people you’re different, you’ll be showing them.

The non-QM market is a fast-growing market segment, as is the popularity of the many programs to choose from. These are not loans that are as widely understood and are certainly different from conventional loans.  This is the perfect time for you to get in on the ground floor and add non-QM to your lineup because it is here to stay.

Market to business owners: Have you had to turn away real estate agents, contractors, plumbers, property investors or other self-employed borrowers? Many of these business owners don’t fit in the conforming mortgage loan mold. By teaming up with LendSure, you’ll be able to position yourself as an invaluable resource. Non-QM programs like bank statement loans may be a perfect fit for those who are their own boss and is a great way to expand your network of clients.

With non-QM solutions from LendSure, you’d be providing a high level of service to borrowers by presenting a range of loan options that they may not have known were available or possible.

Market to property investors: Here’s the thing about property investors…they don’t usually stop with just one property.  As they build their portfolio, this can bring you a steady stream of purchase and refinance transactions for years to come. Whether serving this market with full doc, bank statement or debt service coverage ratio (DSCR) qualification, having access to our variety of loan programs will empower you to offer solutions that fit their needs based on current holdings and the property in question. We can even help with non-warrantable condos and condotels! Many of these loans fall outside our own rules, but we frequently make common sense exceptions to our guidelines if documentation shows that the loan makes sense.

Tap into the foreign national market: When you partner with LendSure, you can offer foreign national loan solutions with confidence because you have access to our team of foreign national lending specialists.

To find clients in this space, align yourself with international real estate attorneys and international tax attorneys.  Network with CPAs and immigration lawyers. Scope out real estate listings in different languages and talk to real estate professionals that specialize in foreign market segments.

While foreign national loans can be complex, LendSure can assist with the heavy lifting.  We will guide you through the unique aspects of this segment’s guidelines such as credit reference letters and using foreign assets for reserve requirements. We are by your side working through every step of the documentation and loan process.

Tap into the luxury market: Some borrowers may find it difficult to make a big purchase through the conventional mortgage market despite their ample funds. LendSure can help you offer more solutions for larger loan sizes including bank statement loans for the self-employed, asset qualifier loans for asset-rich borrowers, non-warrantable condo Jumbo loans, and loans for people with multiple sources of income.

We are seeing a huge opportunity in this space right now as people move from cities to suburbs or seek vacation homes in different locales. LendSure’s Jumbo loan programs may be suitable for a second home or an investment property, as well as high-cost single family homes, non-warrantable condos, condotels and one-to-four-unit properties.  Lendsure’s unique loan products help you provide outstanding solutions to many borrowers in this space.

Become a bridge loan expert: A bridge loan utilizes the equity in a house your borrower wants to sell to obtain funds for a house they want to buy.  Simply put, this means a borrower may be able to make a non-contingent offer on a home, because they are not waiting for their current home to sell.  To qualify, the first property must be MLS listed.  Bridge loans are available for up to $3M, have no monthly payments and aren’t due until the property is sold or the one-year term expires. This is a great product to have available to your current and future clients, who are looking to buy their next home without waiting to sell their current home, as well as for generating referrals from realtors.

 

As the mortgage industry becomes more and more competitive, it’s vital to find ways to set yourself apart and show your potential customers that you can provide dynamic solutions to many commonly faced challenges.  By partnering with LendSure, you automatically add non-QM connoisseurs to your team which enhances what you have to offer to your borrowers and referral sources. This also means you’re up to date on the hottest new products, most creative solutions and industry best practices.

We’re confident in our non-QM experience and we want to extend that adept understanding to you to help grow your business. LendSure offers versatile loan programs, effective solutions, and exceptional service to help you grow your bottom line. Our pre-qualification process and level of service is unmatched in this field. Marketing yourself in today’s climate requires paying close attention to the trends and consumer needs. Everything we have to offer will allow you to arm yourself with the knowledge needed to differentiate yourself from the competition. We are dedicated to supporting you to ensure your success.

Are you ready to benefit from a commonsense approach to lending?  Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.

Contact Us: (888) 707-7811