The following is an excerpt from a column by Tricia Mitchell. The article was published in Geraci’s Originate Report, the full article can be read here.
It is no secret that the private lending industry can be highly complicated and technical. There are countless rules and regulations to follow, and there is a great deal of risk inherent in the business. For this reason alone, the industry relies on strong processes that ensure deals remain on track and within compliance standards. Given the level of detail and technical knowledge that must be applied to each deal, how can lenders ensure these needs are being met at volume? At Archwest, we think the answer is simple: tuning in to the people involved.