is Largo Real Estate Advisors, Inc.'s exclusive Internet website which simplifies and tracks the real estate finance process from origination through closing. eLargo does not change the basic premise of the traditional mortgage banker; it enhances the process and more importantly, the communication.

 

 

assures the borrower that a financing request is submitted professionally and in a timely manner to the appropriate lenders and that they will receive a quick and accurate response on the proposal.

 

allows a lender to view a professionally prepared loan submission from any computer. It ensures the lender that the submission was reviewed and authorized by the borrower. Additionally, the lender can make a soft quote and provide comments on line.

 

Both the borrower and lender have an on-going tracking system to monitor quotes, deal submissions, lost deals, and closed deals.

 

Largo, as mortgage banker, will continue to prepare the submission, answer questions, provide information and remain in the process until the mortgage is successfully closed.

 

Registered lenders and borrowers will only have access to the specific submissions and quotes for which they are authorized via a confidential and unique password.

 

Exactly the same way borrowers, lenders and mortgage bankers have been conducting business for the past century. The additional benefit is that all parties to the transaction will have a central location to conduct business.

 

Largo personnel will contract with a borrower to finance a commercial real estate project. Once authorized, Largo will prepare a web-package, which will be approved by the borrower for immediate release to the appropriate lenders. The lender will immediately receive an email regarding the transaction with a link to the submission. Once the lender logs onto the package can be reviewed. The lender can choose to submit a soft quote or request additional information. The lender response is immediately delivered to Largo. At that time, Largo will either present the quote or answer any questions. When the borrower receives a quote, a response can be made to Largo immediately through the website.

 

then tracks and organizes the activity of the transaction through the loan closing.