Multi-Lender UnderwritingBy underwriting for multiple participating lenders in a single transaction, we can drive underwriting costs down and streamline the underwriting process for borrowers and lenders alike.
A Natural Collaboration As High Impact has grown its clientele base to over 50 community development lenders, it has become more and more common for several of our clients to underwrite the same transaction as participating lenders. Participations are a great way to get involved in large transactions and share risk, and they are a prime example of the cooperation that is a hallmark of the community development finance industry. Now, they can also be a source of fee savings for lenders. |
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Reducing Costs to Increase Our Impact
When High Impact underwrites for more than one lender in a transaction, the underwriting fee is shared among the lenders, reducing costs by as much as 50% per lender. Despite the cost savings, there is no reduction in service quality for the lenders--each still receives our normal scope of services and underwriting in their own credit template.
Streamlining Underwriting to Strengthen Relationships
By coordinating the underwriting for all parties, High Impact lessens the due diligence burden on the borrower, resulting in a more positive underwriting experience that gets the borrower-lender relationship off to a favorable start. High Impact's knowledge of each party's credit policies also means that the loan will be structured to fit each lender, with no surprise closing conditions or renegotiating of terms. Multi-lender underwriting leverages High Impact's increasing reach in the industry to boost efficiency for all parties in community development's most complex financing transactions.
When High Impact underwrites for more than one lender in a transaction, the underwriting fee is shared among the lenders, reducing costs by as much as 50% per lender. Despite the cost savings, there is no reduction in service quality for the lenders--each still receives our normal scope of services and underwriting in their own credit template.
Streamlining Underwriting to Strengthen Relationships
By coordinating the underwriting for all parties, High Impact lessens the due diligence burden on the borrower, resulting in a more positive underwriting experience that gets the borrower-lender relationship off to a favorable start. High Impact's knowledge of each party's credit policies also means that the loan will be structured to fit each lender, with no surprise closing conditions or renegotiating of terms. Multi-lender underwriting leverages High Impact's increasing reach in the industry to boost efficiency for all parties in community development's most complex financing transactions.
High Impact underwriting is built to serve you. Email us at underwriting@highimpactanalysis.com to learn more.
