BrokerProApps.com
Title
Welcome to LendingApps - commercial mortgage origination and underwriting software
Description
BrokerPro Software™ is a loan origination software for brokering commercial mortgage loans. A commercial mortgage loan is for 5+ unit multifamily apartments, retail shopping centers, office buildings, industrial buildings, self storage, mobile home parks, hotels, healthcare, assisted living, mixed use, and other similar commercial uses.
The uniform commercial application for reporting commercial real estate data to lending institutions is called the Investor Reporting Package (IRP) and was created by the Commercial Mortgage Securities Association. BrokerPro emulates the IRP on seven, user-friendly screens: LOAN, PROPERTY, BUILDING, RENT ROLL, LEASING ASSUMPTIONS, INCOME/EXPENSE, UNDERWRITER INFO.
Unlike the FNMA 1003, the uniform residential application, which is strictly for residential mortgage loans, the IRP reports the operating performance of the commercial property, which is the primary criteria for which a commercial mortgage loan is based on and is the primary criteria a lender needs to review if a broker expects a quote and full term sheet from a lender, rather than a simple "letter of interest."
Languages
English
Address
- 5950 Canoga Ave
- Woodland Hills CA 93167 US
Contact
- Brokerproapps.Com
-
- +1 818 737 7090
Additional Information
External Links
- Alexa: BrokerProApps.com
- Amortization
- Automated Underwriting
- Cap Rate
- Capitalization
- Cfads
- Cmbs
- Credit Tenant Lease
- Credit Union
- Debt Service Coverage
- Direct Capitalized Value
- Effective Gross Income
- Fixed Rate
- Fnma
- Income Approach
- Loansizer
- Ltv
- Mixed Use
- Mobile Home Park
- Net Cash Flow
- Net Operating Income
- Potential Gross Income
- Rating Agency
- Rent Roll
- Replacement Reserves
- Sales Comparison Approach
- Self Storage
- Sizer
- Terminal Ltv
- Tilc
- Uciar
- Underwriting
- 1003
- 1008
- Mixed-use