Real Estate Weekly
Image default
Debt & Equity

Arborʼs new ALEX platform is an e-loan original

Commercial real estate lender Arbor Commercial Mortgage has unveiled an online program to make it easier to secure Fannie Mae and Freddie Mac financing.

Called ALEX (Arbor LoanExpress), the multifamily industry’s first ever, all-agency, online loan origination platform. was developed for direct borrowers, brokers and correspondent lenders.

ALEX will provide the fastest loan evaluation in the industry and incorporates the first ever use of e-signature execution for certain forms used in multifamily agency lending.

“As a true leader in the small balance agency lending business, we are both proud and excited to revolutionize multifamily financing with ALEX,” said Ivan Kaufman, Arbor’s Chairman and CEO.

IVAN KAUFMAN
IVAN KAUFMAN

“In today’s fast-paced world, we understand our clients’ needs for a quick response time, and ALEX leverages technology to provide quick feedback and allows our clients stay on the pulse of the loan process with just the click of a button.”

ALEX will offer all of the benefits of an automated lending platform while leveraging Arbor’s established multifamily finance capabilities and infrastructure.

The system offers online and automated application creation and forms submission; Three-hour or less loan evaluation and feedback from a loan officer with full information completion; Live help chat during all stages of the application process; Fannie Mae and Freddie Mac approval of e-signature execution on key forms
24/7 mobile and desktop access.

Both Fannie Mae and Freddie Mac were consulted throughout the development of ALEX and have both endorsed the system.

Dr. Sam Chandan, founder of Chandan Economics, said the platform meets the needs of small balance multifamily investors in particular.

(Visited 1 times, 1 visits today)

Related posts

Slate funds $48M construction loan for New Rochelle development

REW

Square Mile loans $47M for Syracuse student housing acquisition

REW

Fairstead investors pump $500M into next growth spurt

REW