Doesn a lower credit score mean the loan is too risky?
We analyze the borrower’s credit as part of the overall picture, not as the main criteria, as traditional banks do. In today’s market especially, it is common to see a borrower with somewhat blemished credit, who can’t obtain traditional financing. We always keep our loan-to-value under 75%, and as a key philosophy, we never approve a loan that we would not mind taking back in the foreclosure process although our goal is avoid this scenario by means of our underwriting due diligence.
