Nyc Underwriters And Thier Philosophy

By Author: Larry Tang
Total Articles: 512
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NYC Underwriters LLC (N.Y.C.U.) adheres to a philosophy that was developed with over 30 years of financial experience, which allows N.Y.C.U to properly underwrite commercial loan files as a hired independent contractor for some of the largest and most astute private investors and fund managers the industry has to offer. Our Investor Associates, such as Greenspan Holdings (www.greenspanholdings.com) AMG Funding, Edge Funds LLC, Franklin First Financial (www.franklinfirstfinancial.com) and Black Acre Capital Management are a few of the private sources that N.Y.C.U. utilizes with combined lending portfolios that go well into the billions of dollars.

N.Y.C.U. also maintains a very select and honest broker client base, who along with our Investor associates believe in N.Y.C.U.'s philosophy and stringent underwriting techniques. Their trust in N.Y.C.U.'s ability to handle the most crucial part of the process, relieves them of the tedious pressures of underwriting and insures them the best possible results.

N.Y.C.U's philosophy was derived from the theory behind the much needed professional commitment to the underwriting ...
... process. In addition to the above mentioned investor associates and broker client base that we maintain, N.Y.C.U. also provides commercial underwriting solutions on a daily basis to many borrowers; exclusively through I-Bank (www.ibank.com)

N.Y.C.U. utilizes only the latest most cutting edge underwriting software tools and technology provided by Creden Trust (www.credentrust.com)

N.Y.C.U. through our direct affiliate LT Business Consultants, now offers a merchant cash advance program through Merchant Processing Services (www.mpsaccess.com)

The commercial programs that N.Y.C.U. have access to seem almost endless such as Conventional Mortgages, Hard Money Construction Loans, Bridge Loans, Mezzanine Loans, Equity or JV Loans, Secured and Unsecured Loans, Land Loans, Commercial Equity Lines of Credit, Asset Based Loans, Art & Gem Loans and everything in between.

N.Y.C.U. specializes in underwriting hard to place loans, such as Construction Loans, Land Loans, Credit Challenged Borrowers, Stated, No Doc, High LTV's, etc.

You will find it virtually impossible for any other source to come close to the diverse programs N.Y.C.U. has access to.

Peace of mind; prior to N.Y.C.U. issuing any documentation, the client it must first be been viewed and approved by an N.Y.C.U. attorney.

THE DISCOVERY: Through out our vast experience in the commercial mortgage industry came an idea that was born from frustration, 1st - although claims of being an underwriter or having underwriting experience a Loan Originator at best, acts as a middle man between him or herself, the client, the true underwriter and the lender. 2nd - loan originators and underwriters are cut from a totally different cloth, the originator is a commissioned sales person and although some are very knowledgeable they simply do not possess the time, skills, determination or passion to truly understand and dedicate themselves to successfully underwrite YOUR LOAN file properly. This is the main reason for most commercial loans not closing, after all underwriting is a full time salaried position.