Cash Out Refinance
This loan came with multiple borrowers and multiple entities, some living in other States. Coordinating the request and receipt of all documentation was difficult with 7 borrowers, all of which were not sure they would qualify.
ALB worked with the borrower’s CPA and Management Company to gather documentation, so borrowers were not inconvenienced. ALB was able to underwrite all 7 borrowers before money was spent to start loan. The UW showed an approvable loan. With confidence, ALB submitted the loan request and successfully closed the loan with no problem.