Experience.
Spanning Decades.

BrokerFast brings property owners, mortgage professionals, lenders, and appraisers together to streamline commercial loan origination. Our mission is the timely collection and analysis of property information needed to screen, underwrite, and fund loans.

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The current loan origination process is unnecessarily slow due to limited access to property information until an appraisal is complete. Many lenders do not allow mortgage professionals to begin the appraisal process until a commitment has been issued, which may take four to six weeks from the initial borrower inquiry. Depending on the complexity of the deal, it may take eight to ten weeks before an appraisal is started.

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This process unnecessarily restricts the flow of information. An appraisal should be the first step in the loan origination process. That way, mortgage professionals can deliver complete and accurate property information to potential lenders. This helps lenders make faster, better-informed decisions. Compared with waiting for a lender commitment before ordering the appraisal, ordering it at the start of loan origination can save four weeks on most transactions. Savings can reach three months when the first lender declines the loan after the appraisal is complete.

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BrokerFast lender partners are committed to making the loan origination process as professional and easy as possible. BrokerFast lender partners allow registered mortgage professionals to order an appraisal from a list of approved appraisers and begin the loan process immediately.