At APEX, we know businesses of all sizes are struggling because of covid-19 and the resulting economic slowdown, but it won’t always be that way. We can’t know for sure what our new normal is going to look like, but it’s safe to say that once small businesses get back on their feet, they’ll need financing for various projects just as they always have.
If you’ve thought of expanding your services to include brokering small-balance commercial mortgages, now is a great time to learn more about the industry and what it takes to succeed. Below is a selection of just a few of our blogs and resources dedicated to helping residential mortgage brokers to add commercial mortgages to their product offerings.
Becoming a commercial mortgage broker
Getting started as a commercial mortgage broker when your background is strictly residential might seem like a challenge at first. However, it’s a simple way to expand your business if you know how to proceed. Click here to learn more about what you should do if you’re a broker who’s new to the commercial mortgage industry.
What Residential Brokers Can Expect Closing Small-Balance Commercial Mortgages
For residential mortgage brokers, the small-balance commercial mortgage industry can seem intimidating at first glance. However, it’s an easy way to strengthen your pipeline, close more deals, and increase your income. Click here to read more about how commercial mortgages differ from the residential loans you already close, and how simple it is to begin working on these deals.
The Perks of Being a Commercial Mortgage Broker
Are you a residential mortgage broker interested in making more money and closing more deals? If that’s the case, you need to consider working with borrowers in need of small-balance commercial mortgages. Becoming a commercial mortgage broker focused on these smaller deals will allow you to bring in more business without adding too much to your workload. Click here to learn more about the benefits of becoming a commercial mortgage broker.
Developing Great Commercial Mortgage Referral Sources
One of a commercial mortgage broker’s most important resources is their referral network. Without trusted financial professionals referring deals, it can be difficult for mortgage brokers to find borrowers. Click here to learn how to build and maintain a strong network of referral sources.
What to Look for in a Direct Commercial Mortgage Lender
For residential mortgage brokers looking to expand into the small-balance commercial niche, choosing the right direct lenders to partner with is crucial. Who you work with will play a large part in determining your success within the industry, so it’s important to choose lenders who will allow you to meet your goals. Click here to read about what you should be looking for when choosing lender partners.
At APEX, we’re committed to helping brokers understand small-balance commercial mortgage requests and our process for closing them. Click here to see some common questions we receive from new brokers and our answers.
Broker Marketing Support
Are you looking to promote your brokering services to small business owners or referral sources? APEX offers free marketing support for those interested in advertising for small commercial mortgages. Click here to fill out the form and get started.