Financial institutions, lenders, trust companies, private mortgage holders, and insurers all grant mortgages as part of their portfolio of services. Their vested interest in placing performing mortgage product upon real estate security typically is concerned with the quality and performance of the underlying asset, and that of the borrower.
Prudent lenders must be proactive and involved, for the sake of all stakeholders involved, beyond the initial due diligence period of granting commitment to the borrower.
Once a mortgage has been granted, typically through the underwriting and risk assessment staff/department and is, then, essentially "out the door", what measures are taken to maintain/hedge optimal property valuation (LTV margin) and operational performance (ownership effectiveness and property NOI) where assurance and effective governance is concerned ? As well, to mitigate/intersect known or suspected under-performing and/or potentially problematic or default properties (and ownership) before they become very costly.
All possible stakeholders, be they lenders, responsible senior lending/risk/funding executives, credit union members, shareholders, ownership, and property management benefit from Property Advisory Counsel's recommendations and implementation advisory.
Some key benefits for Lenders/Mortgage holders include, but are not limited to: