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Underwriting
The process of approving and processing a loan, and why it often makes sense to work with an experienced commercial mortgage broker like Steelhead Capital.
Banks are constrained by loan products and underwriting guidelines that don't necessarily fit the borrower's needs. The Bank's loan officers are incentivized to maximize profits while pushing as much of the risk as possible onto the borrower. Banks also force borrowers through a variety of hoops and typically provide only limited assistance managing transaction workflow.
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