In this episode, Izzy and Misty discusses the process of releasing a loan and the importance of docs and funds. The conversation then delves into the chaos that ensues after a loan release, with hundreds of investors responding simultaneously. Misty emphasizes the need for clear funds and the importance of sending in documents and funds within the specified timelines. Common issues with documents, such as missing signatures or payments, are addressed. The episode also clarifies when interest starts earning and highlights the considerations when banking with smaller institutions.
Key Takeaways:- Compliance is a crucial aspect of the loan release process.
- Clear funds are essential for timely loan funding.
- Investors must submit documents and funds within the specified timelines.
- Common issues with documents include missing signatures and payments.
*Video Version Now Available on YouTube*
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**Disclaimer: Ignite Funding, LLC | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents.
