The Eastern Mortgage Capital Advantage

The final, closed terms of HUD insured financing are well known and advantageous; the issue has always been the length and unknowns of the process. EMC’s long experience is that these unknowns should, in fact, be known and that they stem from the lack of HUD expertise that is usually involved at the initial stages of loan origination, sizing and processing.

EMC was created to deal with this challenge in the HUD process: Please contact us today for a detailed explanation on how, or read below for a quick synopsis.

Expertise from the very beginning: EMC’s team not only has a total focus on knowing the programs and the various participants at HUD, but most of us have spent our entire careers doing so. Your very first discussion will be held with a HUD expert with decades of total HUD focus – not with a Fannie/Freddie/CMBS/Balance Sheet generalist who “knows enough to be dangerous”.

Knowing the programs from multiple perspectives: In addition to decades of HUD lending experience, EMC’s team has utilized the programs as borrowers. We know what’s important to our clients because we’ve been the client.

A cohesive team from start to finish: EMC’s entire team works collegially in the same office. We do not have originators in one office, interfacing with loan screeners in another state, who eventually pass the transaction to a processor in yet another office, who has to discuss it with a MAP or Lean Underwriter working out of his or her home. From the very first call to the closing and beyond, the entire EMC team is up to date on the transaction and offering insight via those multiple perspectives noted above – ensuring that any red flags or potential HUD issues are identified before any funds or significant time are spent pursuing a dead-end.

Ensuring a competitive environment for rate lock: Unlike most HUD Lenders, EMC bids both the rate lock and the primary servicing to multiple market participants, ensuring competition and advantageous rate pricing. We also ensure we’re involved for the life of the loan and can provide multiple examples of how this has helped, and is helping, our clients.