Yes, the high interest rate has huge impact on the mortgage industry: many conventional lender/brokers thrived in the refinance boom most likely cannot survive in this kind of rate raising situation, because their sole business strategy was to offer conventional loan products and compete on the interest rate.
On the contrary, at Pacificwide Lending, we never put our focus solely on the rate, rather, we focus on providing excellent services to our clients and offer them different loan programs to help our clients to achieve their investment objectives. Yes, we do loans that most lenders/banks won’t do. The followings are a partial list of loan programs that we provide:
1. Rental income loan, No Tax returns, No W-2s
2. Owner occupied home loan, we can use 12 months bank statement to establish income
3. Bridge loans, we can close the loans in few days even without appraisal. When making offers in this competitive market our clients can win the bidding war by using our fast closing loans.
4. Commercial loan products including but not limited to multi residential units, office buildings, warehouses, retail centers, lot loans, shopping mall gas station, elder care facilities, retirement homes. We also provide ground up construction loans to builders and investors.
5. 10% down owner/user commercial loans, SBA loans
6. Reverse Mortgage tailors to people who are at least 55 years old.
7. Business loan, all we need is 4 months of business bank statements, plus one page of application. Business owner
can receive an offer within 24 - 48 hours. Best of all, this a non-recourse business loan( no asset collaterals)
Moreover, we have an excellent processing team; they will help you to close your deals fast with minimum works from you.
By the way, we have just closed a RV park purchase loan, and a 30 plus-units apartment complex construction loan. Meanwhile, we are working on a a couple of large elder care facilities loans, in which the loan amount in tens millions of dollars.
Meanwhile, we are licensed not only in California, but also Taxes, Florida, Colorado and looking to be licensed in Washington, Nevada and Arizona.
Who should apply?
Individuals who are truly interested in originating loans and looking to make it as career, Individuals who are ambitious for making serious money.
If that sounds like you, please contact us.
Qualifications:
1. Holding a mortgage and real estate licenses, or plan to obtain them
2. Possess entrepreneurial spirit, enjoy going out to pursue business opportunities on consistent base.
3. Ambitious for future growth
4. “Can do” attitude, positive thinking
5. Team player and love to help others
6. Teachable attitude, hungry to learn
Responsibilities:
Market our products to potential clients: including but not limited to, visiting realtor’s offices, attending events, mixers. Following up with potential clients with phone calls, emails etc. originating loans
