How to Become a Borrower

February 23, 2024 00:12:36
How to Become a Borrower
Deeds in the Desert
How to Become a Borrower

Feb 23 2024 | 00:12:36

/

Show Notes

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.

Follow us on social media: Linktr.ee

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.

Other Episodes

Episode

June 16, 2023 00:27:30
Episode Cover

Meet our Borrower: Midway Heritage

Carrie Cook and Pat Vassar interview Dan Luster, Developer of Midway, Utah! Dan is the CEO and founder of Luster Development. In this episode,...

Listen

Episode

July 14, 2023 00:24:05
Episode Cover

Meet our Borrower: JCM Development

Join us for an exciting episode of "Meet Our Borrower" as Pat Vassar, Director of Underwriting, sits down with Matt Meisner, the owner of...

Listen

Episode

May 24, 2023 00:12:05
Episode Cover

Loan Portfolio Performance Record: Overview

Part 1 of 4 | Carrie Cook, President of Ignite Funding, and Pat Vassar, Director of Underwriting, discuss the details of where Ignite Funding...

Listen