Hard Money Lender, Joffrey Long, Announces Faster Closing Capability
Joffrey Long, hard money lender, announced that new streamlined procedures will enable hard money borrowers to close even faster than before.
Hard money loans often need to be closed quickly. Both the borrowers and the loan brokers who are looking for a hard money lender appreciate any time we can save in closing hard money loans.
GRANADA HILLS, CA, U.S., January 20, 2014 /EINPresswire.com/ -- "Hard money loans often need to be closed quickly," said Joffrey Long, a hard money direct lender. "Both the borrowers and the loan brokers who are looking for a hard money lender appreciate any time we can save in closing hard money loans."— Joffrey Long
Streamlining and making the loan process faster is a constant "work in progress," and these are some of the many areas that lead to faster closing of hard money loans: (also referred to as private money loans)
• At the time of application, a pre-closing review is conducted.
• Loan documents are drawn early in the loan process, rather than near closing.
• A checklist of "5 major potential delay items" is reviewed, and potential items that
could slow the loan closing process are addressed.
• Appraisal inspections are performed quickly, and with some loans, the completed appraisal
is not required until after closing
• There is no delay due to investors - Joffrey's company, Southwest Bancorp, is the investor.
Loan originators or borrowers can contact Joffrey Long at (818) 366-5000 or by e-mail at info@asksw.com
Ron Nguyen
Southwest Bancorp
818.366.5200
email us here
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