Time spent communicating about a prospective loan application that a lender has no interest in, is counterproductive.
Communication about a prospective commercial loan application that has no chance of funding is a waste of time. The lender's appetite changes frequently, and these changes cannot be effectively communicated to the broker. Currently, there is a disconnect between the broker and the lender in effectively communicating about a prospective loan application.
There is no way to access the entire market of lenders and brokers in a clean and simple platform. The broker cannot complete their fiduciary duty, and the lender cannot access the entire market to fit their precise appetite for commercial loans at any given moment.
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