Welcome to the Part-Time Commercial Lender Academy. In this video, we'll dive into Commercial Lending 101, offering valuable tips for aspiring loan officers. If you're considering a career shift or just starting out, this guide covers the commercial lending basics you need to succeed.
📌 Who: Identify your borrower—assess their credit and experience with commercial real estate. Understanding your borrower is crucial to determining their eligibility and risk, an essential part of the commercial lending process.
📌 What: Determine the type and amount of the Commercial Loan, the loan-to-value ratio, and whether they have an existing loan. Learn how to evaluate their current loan status, including if it's expiring and if payments have been made on time.
📌 Why: Understand the purpose of the loan—why does the borrower need the money? Align their needs with the right financial solutions to ensure the loan’s viability, key concepts in Commercial Lending 2024.
🎓By the end of this Commercial Lending 101 video, you'll have a clearer picture of the commercial lending process and actionable steps to begin your journey as a Commercial Loan Officer.
🎓Ready to take the next step? Click the link at the top of my page or below to explore the Part-Time Commercial Lender Academy and learn more about Commercial Lending and tips for Commercial Loans. Kickstart your career in Commercial Lending 2024 today.
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🔹Zevi Shafran NMLS# 1067721 I DRE# 01259491🔹
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