Precept starts new loan program.

In a move intended to increase liquidity in the commercial real estate finance market and speed transactions to funding, Precept Corporation initiated its "Commitment to Commitment" program.

"We are putting our money where our mouth is: we will deliver a loan if we say we can," says

Precept's Commitment to Commitment Program is framed around the company's strong confidence in its system. Precept will not charge any fees for loans put into its platform, and will also pay for all third-party reports. Borrowers do not pay any fees or expenses until they accept commitments on the loans through the Precept system.

"We know the commercial mortgage brokerage and banking community is the life-line of the business, and a key constituency in helping us promote a revolution of efficiency and transparency throughout the industry," Corton says.