Nonbank Clearing Process
Before Application
- Discuss the deal and figure out the right loan program, sizing, parameters, and approximate terms.
Loan Application
- Provide information over the phone, or on a fillable form, along with supporting documentation.
Loan Approval
- Approve lender terms and order appraisal.
Loan Processing
- Work with Nonbank Clearing to meet simplified lender requests including LLC documentation, Title, Insurance, and property / project level info. The lenders usually come up with more info requests.
Loan Closing
- Nonbank Clearing and lender partners coordinate with Closing Agent, Insurance Agent, Real Estate Agents, Borrower / Client, and anyone else needed, to get the loan clear to close and schedule closing.
Completed Transactions
