How to Become a Borrower

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/

Did you enjoy the episode? Make sure to follow the podcast and turn on notifications to get notified when a new episode is posted.

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.

Show Notes

Other Episodes

Episode

The Pros and Cons of Forbearance Agreements

Episode

Ignite Funding’s Legal Mind Safeguarding Your Investment Portfolio

Episode

Ignite Funding's 2023 Funding Journey