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Timelines and milestones have to be set. During this process management needs to plan for what problems may arise, how to limit, overcome them and not be afraid to update it when needed.
I use this in my company every time I take a new project on. I will review the package and determine the best route to obtain financing for the company or individual. The goal remains the same, fund the project or residential loan within proper guidelines that is beneficial to the borrowing party. I will look for more than one financing option due to obstacles that may arise during the time of underwriting.
Organization is a key factor...
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