PIPELINE Customer - Synchronizes with BrokerPro users for automated commercial loan approvals.
ValueXpress, LLC, a Wall Street mortgage conduit, was formed in 1995 to provide mortgage brokers, commercial bankers and borrowers access to the secondary market for long-term, fixed-rate, non-recourse & recourse commercial real estate mortgage loans.  Through its Commercial Access Program (CMAP), ValueXpress offers Small Loan Programs from $500,000 to $3 million and Large Loan Programs from $2 million to $50 million.  ValueXpress recently closed two loans from BrokerPro Software users.

 

Coverage	Nationwide
Property Types	Multifamily, Manufactured Home, Office, Multi-tenant Industrial, Anchored/Unanchored Retail, Franchise Hotel, Self Storage, Multi-Family-Flex, Single Tenant (Credit), Owner-occupied (Non-credit), Assisted Living, Special Purpose
Terms	Non-recourse (no personal guarantee required by borrower), except for standard carve-outs for fraud, environmental, etc.
Loan Programs	Loans terms 5, 7, 10 and 15 year (15 year is self-amortizing), 20 year self-amortizing. 3-year Libor floating rate
Loan Purposes	Purchase, Refinance
Pricing	Par pricing and Rebates available to mortgage brokers who submit using BrokerPro Software
Loan Sizes	$500,000 to $3 Million for CMAP Small Loan Programs $2 Million to $50 Million for CMAP Large Loan Programs
Loan Pricing*	Based on property type and loan size, loans priced over corresponding treasuries begin at 150 bps for loans greater than $1 Million, and 200 bps for loans under $1 Million.
* Rates, terms and conditions are subject to change.