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ommercial loan underwriting
Commercial Loan Underwriting

The underwriters at Commercial Funding are on your side! We work hard to help you get the loan you need! Call or Contact Commercial Funding Today!

At Commercial Funding we give top priority to commercial loan underwriting because we know that without good underwriting support no commercial loan would ever close! An efficient underwriting process is indispensable to get the deal done..

The commercial loan underwriting process is initiated only after you submit the completed '1003' and a 'tri-merged credit report' along with your mortgage application. The following points are taken into consideration in the pre-approval and commercial loan underwriting of Full Document Programs (among others):

Debt Ratio (DTI): The maximum allowable debt-to income ratio for a Full Documentation loan is 45% and for a Stated Loans Income/Stated Asset Loan DTI is 55%.

Income: All the application forms in the "state income" category of our finance programs should carry the income of the applicant.

Credit: We may consider the middle of the three credit scores or the lowest among the two credit scores of the primary borrower.

Assets: Verification of assets is only done if it is thought to be necessary by the underwriter who is conducting the commercial loan underwriting.

Employment: Generally verbal verification is done before closing. The self-employed borrowers must have a verifiable business while the closing is done.

Licenses: All borrowers (including commercial and self-employed) must submit copies of current business licenses among others. In case of automotive property and property containing underground tanks, special license is required.

Verification of Mortgage: When a mortgage is not reported in the tri-merged credit report verification of mortgage is needed, although it may be required even if reported under some circumstances.

Verification of Rent: Verification of rent is generally considered while the commercial loan underwriting is done.

Rent Rolls: Rent rolls are required.

Estoppel Certificates: Estoppel certificates are generally required. The estoppel certifies to Commercial Funding that the tenant's rights of ownership are subordinate to Commercial Funding's rights as the mortgagee.

Surveys: Surveys may be necessary depending on the program and exceptions to title.

Title Insurance: Title Insurance is required and Commercial Funding reserves the right to accept the title insurer.

Use the Request Quote form to submit the details of your borrowing needs, and our experienced professionals will get back to you with a free loan quote promptly. Or you can click on one of the "Push to Talk" buttons on this page and we will call you at your convenience you can call our toll free number 888.520.8988 or call directly at 415.921.7800. However you decide to contact us we will be ready to help you with your commercial property financing needs.

Commercial loan underwriting is a keystone of the lending business. Commercial Funding works hard to make it is as painless as possible. Contact us Today for a commercial loan quote!

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Notice, nothing on this webpage should be construed as an offer by Commercial Funding to make a loan or to make a loan on any particular terms. Commercial Funding will only consider business and commercial loan applicants and all applicants must submit a written application and qualify under all applicable underwriting guidelines and requirements. * Rates will vary based on actual loan size, credit characteristics, property type and location and other factors. Commercial Funding does not operate in all states and will not make a loan or assist you with a loan unless it is appropriately licensed in the applicable jurisdiction. Copyright Notice: Copyright © 2005 Commercial Funding, LLC, San Francisco , California 94123 U.S.A. All Rights Reserved. Commercialfunding.com and the Commercial Funding logo are service marks of Commercial Funding, LLC. Logos, Images and all other content on this website may not be used without the prior express written consent of Commercial Funding, LLC.