The new year has just begun, yet many Americans are already abandoning the resolutions they chose just one month ago. Although residential mortgage originators may have already misplaced their gym membership cards and skipped out on guitar lessons, there is one resolution they should focus on keeping in 2017, and that is to protect their bottom line from market uncertainty.
Ever since the presidential election this past November, mortgage professionals across the country have been identifying and executing strategies to succeed as mortgage rates rise and home refinances decline. Once such strategy would be diversifying by adding small-balance commercial mortgages to their residential origination business.
Typically defined as commercial loans under $5 million, small-balance commercial mortgages make up the majority of all commercial real estate transactions. Small-business owners and investors of all types use these loans to finance apartment buildings, offices, warehouses, retail centers, and many other types of properties across the nation.
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