Avatar's Blog
» Photos, Photos, Photos
Not sure why, but I am having trouble lately getting decent color photos of subject properties with the loan requests. Brokers and borrowers alike are desperate to close in 14 days or less, but they can't seem to come up with a few clear photos of what they are asking Avatar to lend on.
Here's the tip, folks - loan requests that come in with good quality color photos of the exteriors (and a few of the interior) of the subject property get funded at a rate of better than two to one. This is because photos really are worth a thousand words. When I give a loan package to Avatar's CEO or president, the first question is, "What am I wrapping my arms around here? Show me the photos." If the photos pass muster, they'll look at the numbers and the story. Without photos, there's no loan to consider.
Send photos, folks! It is the fastest route to getting your loan package in front of the president or CEO and getting your loan funded.
