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The difference between main side and Alternative Lending Area
The difference between main side and Alternative Lending Area

A and B lenders, alt lenders

Carla Nastari avatar
Written by Carla Nastari
Updated over a year ago

Lender Spotlight is a powerful tool for your business. Knowing how to search will help you save time and match you to the best lender. Even alternative deals can get done quicker.

Main Area & Alternative Lending Area

The main side is known to be more traditional lenders and lending products with defined pricing. These lenders in this area have predicted terms, conditions, terms and amortizations, and most importantly, specific cases of acceptance of deals. Even though some may offer great programs for alternative deals, not all cover the market. Examples are First Ontario Credit Union, B2B and Optimum Bank.

The alternative area on Lender Spotlight is known for lenders that are more flexible. As banks and big lenders have strict requirements for acceptance and approving a mortgage, the alternative side of the business is an excellent alternative for those deals that may not meet those stricter requirements.

Recently Lender Spotlight released a new version of the Alternative Lending area. Here you can find lenders with unique solutions for brokers and their clients. You can find privates, MICs, B lenders, and more in order to find options for your more difficult-to-place clients.

List of B lenders below:

If you have questions, please contact us via chat. We will be happy to help.

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