Exeter Commercial Forms Loan Mod, FHA Lending Groups

Exeter Commercial LLC, a Jericho, N.Y.-based mortgage banker involved in the funding of residential construction loans, has created a mortgage modification group that will work with property owners who, because of a hardship, are behind – or may soon fall behind – on their mortgage payments.

Clients will work directly with attorneys who have the experience to create the most effective personal portfolio to present to the lender, a track record of dealing with the critical decision-makers at these lenders, knowledge of the quickly changing laws in all 50 states and the expertise to negotiate the very best possible deal, the company says.

In addition, Exeter has formed a Federal Housing Administration (FHA) group to work with borrowers who would like to buy or refinance a home but may not possess the financial background that would allow them to qualify under the now-strict underwriting guidelines of lenders.

Source: Exeter Commercial


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