RAINMAKER UNDERWRITING, LLC 281.537.1200

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Mortgage Brokers - Continued...

Welcome to the commercial mortgage brokers information page on the Rainmaker Underwriting web server.  Here you will find information pertaining to the qualification and selection process for commercial mortgage brokers.  Rainmaker Underwriting has received a lot of complaints regarding commercial mortgage brokerage firms that routinely fail to make a placement for a client.

Accordingly, here are some quick "do's & don'ts" regarding mortgage brokers:

Only deal with brokers that have a loan correspondent relationship.

Only deal with brokers that have direct and substantial experience in your loan type - jack-of-all-trades aren't typically good enough.  You need specialists.

Compensation is typically less than one percent (1.00%) for a broker.  If they are telling you it's a multi-point deal for them, you have the wrong broker.

Get a list of the transactions they have funded and independently vet these disclosures.

If you aren't sure about how to proceed, contact Rainmaker and get the help you need.

What Goes Into An Underwriting?

The Rainmaker approach is truly a comprehensive assessment with 66 exhibits collected on every project that cover every aspect of the development, construction, operations and regulatory matters.  Collateral, credit and capacity underwriting reviews are conducted using CREFC underwriting standards in addition to a complete default risk analysis on term, maturity and technical default risk profiles.  Our typical underwriting report on a new construction project will easily exceed 500 pages and catalogue all transaction documents, plans and specifications.

Rainmaker Underwriting, LLC can trace its history back all the way to 1989.  Incorporated in 1993, Rainmaker Marketing Corporation evolved over time into a full-service business to business consulting firm.  Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties.  Today, Rainmaker Underwriting, LLC serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on commercial underwriting review services.  Rainmaker Underwriting, LLC’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: clinton.lovell@rainmakerunderwriting.com

Project Feasibility Studies, Commercial Real Estate Development Finance, Outsourced Underwriting Services, Due Diligence Documentation & Project Management Consulting

6706 Pebble Beach Drive, Houston, Texas 77069.

©Copyright 2014, Rainmaker Underwriting, LLC  All rights reserved.