Quote Originally Posted by mikem View Post
Dan,

What does this mean? You take RE into account? Do you take a subordinate lien? I had no idea,please do elaborate if you dont mind.
Hi Mike,

Caught your attention! We never used to take real estate into account in the past. But we are forever evolving our funding model. If there is real estate on the table with reasonable equity we will take that into consideration and yes, file a lien to protect our investment in the event of a default. It can help to get deals approved that would otherwise be a decline.

This is a brand new evolution in 2017 and still in the works but trying to do whatever to turn declines into approvals.