In this episode, Pat Vassar, Director of Underwriting at Ignite Funding, discusses how to become a borrower at Ignite Funding. Consultations are conducted to verify information provided by the borrower. The title company is involved to ensure the collateral is insurable. Once the loan is approved, it is placed in the system and an investment overview is created for potential investors.
Key Points:
- Consultation Process
- Application Process and Credit History
- Loan Ownership and Repayment
- Title Verification and Collateral
- Loan Placement and Fact Sheet
- Timeline and Iterations
- LLC Creation and Borrower Changes
- Parent Companies and Partnerships
- Conclusion and Next Steps
*Video Version Now Available on YouTube*
View our Lending Criteriea: https://ignitefunding.com/lending-criteria/
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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.
