Andrew Jubelt and the Underwriting Process

Andrew Jubelt is a Principal at Avant Capital Partners, a real estate investment bank, advisory firm and correspondent lender for several institutional investors. Avant Capital Partners is a commercial real estate lending firm that offers bridge and conventional financing from $500,000 to $30,000,000 nationwide.

The company is comprised of a national team of seasoned real estate professionals with diverse backgrounds in all aspects of commercial real estate investment, banking, brokerage and lending, including the origination and underwriting process. The origination and underwriting process protects the interests of our investors, correspondents and partners, while also providing flexible capital solutions to our borrowers and referral sources.

What is underwriting?

Underwriting refers to the process that a large financial service provider  uses to assess the eligibility of a customer to receive their products (equity capital, insurance, mortgage, or credit). The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

What does an underwriter do?

No lender funds or closes on a loan without the approval of an underwriter. Underwriters are real estate detectives − it is their job to make sure that you have represented yourself and your finances in a truthful way. Their standards are much higher than loan pre-qualification requirements. Sometimes the underwriter’s job is to simply check over the figures, make sure all paperwork is in order and give their approval. Other times, he/she must look over all of the paperwork and make a sound decision based on her experience and good judgment.

By law, mortgage underwriters are required to exercise due diligence and thoroughly scrutinize all loan applications, which can take a great deal of time. Mortgage applicants with riskier credit and employment profiles tend to take the longest time to obtain underwriter approval of their loan applications.

Please contact Andy Jubelt at (212) 23109779 or email Avant Capital Partners at info@avcapital.net to learn more about the origination and underwriting process.