Program gains traction.

CBA Commercial, LLC (CBAC), a commercial mortgage finance firm specializing in the purchase and securitization of small balance multifamily, commercial and mixed-use mortgage loans, announced that it has already finalized partnership agreements with 35 lenders to participate in the newly launched "CBAC Authorized Lender" Program.

The small balance commercial mortgage loan program is now being offered to banks, financial institutions and mortgage companies through a Web portal that allows lenders to easily and cost effectively complete the loan process.

CBA commercial executive vice president, Craig Knutson, explained, "The streamlined Web portal that we offer our lending partners makes it very easy for them to process multifamily, mixed-use and commercial mortgage loans.

"We offer Web-based pre-qualification and help manage the loan underwriting, due diligence, third-party services and closing. Our program provides standardized documents and minimizes the risk to our partners by reducing required loan level reps and warranties. This equates to lower borrower costs and more efficient and timely closings. As a result, our partners now have the confidence and flexibility to expand their customer relationships and generate additional fee income."

The CBAC Authorized Lender Program features loan amounts from $100,000 up to $3,000,000; multifamily, office, retail, light industrial and" mixed-use property types; full and stated documentation; average FICO scores of 675; ARM products ; 30-year final maturities and 30-year amortization.

Financial institutions and mortgage lenders interested in learning more about the CBAC Authorized Lender Program can submit a request for more information via the CBAC Authorized Lender section of the company's Web site.