Search
 

Precept Unveiling Online Commercial Mortgage Origination Product

OAKLAND, CA-The locally based mortgage company will go live with its commercial mortgage origination system Feb. 4. The web-based platform will act as an exchange between brokers, mortgage lenders and borrowers.

By Becky Bergman | Updated on January 22, 2001

OAKLAND, CA-Locally-based Precept Mortgage will unveil its online commercial mortgage origination system Feb. 4. The privately held company led by three former Nomura Securities executives allows registered lenders a web-based platform to bid on loans underwritten at its preceptmortgage.com site.

Founded July 1999, Precept says its origination system is a sophisticated exchange between brokers, mortgage lenders and borrowers. Brokers register with Precept Mortgage at no cost, and borrowers working with registered Precept brokers receive significant discounts on Precept services. Borrowers will pay due-diligence costs and lenders would pay a registration fee.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.