Shupack & Hardy has been representing Institutional Lenders, Mortgage Brokerage Firms, Private Banking Institutions and Correspondent Lending Institutions for over twenty years. Throughout this period, we have learned that the most important aspect of our role as ‘bank attorney” is the ability to facilitate each closing, fostering a clear line of communication between the borrower and lender. The financing path a borrower takes commences with the mortgage specialist and ends with the attorneys closing the deal. Ultimately, the final experience, “the closing” is what the borrower takes back. We are profoundly aware of this fact and understand the importance, to all parties, of keeping the client comfortable and happy.
Due to the many complexities of New York City transactions, such as co-operatives and condominiums, we need to take those measures required to ensure a “painless” experience for all parties involved. We have developed a proprietary database management system which allows all members of our firm to quickly and easily draft the necessary documentation required for every closing, including the preparation of cooperative documents (ie: authentication statements, Aztec recognition agreements, UCC filing statements and the like). Our database also permits each member of our firm to be aware of every aspect of a transaction, from initiation through closing. In addition, by employing an attentive fifteen person plus staff, we are also able to provide constant availability to our clients.
Bank representation is a vocation that can easily become nameless, faceless and monotonous. We believe that having strong relationships with all parties is an absolute necessity and we strive to maintain the relationships we have forged with loan officers, coordinators, private and institutional lenders. To be able to integrate freely with our clients in a friendly environment makes each transaction easier and more pleasurable. Presently, we are approved to close loans for approximately forty lenders. With an ever changing real estate market and fluctuation of mortgage rates, we understand the importance of an extensive bank list and will continue to take measures to expand our current list as our clients’ needs grow.