- Updates first payment date and maturity date
- Requires mutual agreement by borrower, lender, and guarantor
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in the same county
- Residential or commercial real estate
- Borrowers can be individuals, entities, or trusts
- Up to 4 guarantors
- Updates first payment date and maturity date
- Requires mutual agreement by borrower, lender, and guarantor
- Can be used post-closing to correct loan timelines
- Full signature blocks
- 50 states
- Unlimited, free redraws on the same transaction
- Borrowers can be natural persons, entities, trusts or any combination
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Establishes lien priority and payment subordination for senior and subordinate liens
- Automatic subordination adjustments for most modifications
- Defines enforcement and cure rights
- 50 states
- Unlimited, free redraws on the same transaction
- Borrowers can be natural persons, entities, trusts or any combination
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Establishes lien priority and payment subordination for senior and subordinate liens
- Automatic subordination adjustments for most modifications
- Defines enforcement and cure rights
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in same county, residential or commercial
- Borrowers can be natural persons, entities, trusts or any combination
- Full signature blocks
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Cover Letter that can be moved onto Your Letterhead
- Comprehensive Pre-Negotiation Agreement
- With or Without a General Release
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in same county, residential or commercial
- Borrowers can be natural persons, entities, trusts or any combination
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Cover Letter that can be moved onto Your Letterhead
- Lists Events of Default
- Confirms Cure Period
- Computes total amount owed
- Lists Remedies unless Defaults are cured
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in same county, residential or commercial
- Borrowers can be natural persons, entities, trusts or any combination
- Full signature blocks
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Up to 4 guarantors
- Exhibit “A” for Amounts Owed Itemized and Total
- Exhibit “B” for Other Fees
- Exhibit “C” for Other Conditions to Effectiveness
- Exhibit “D” for Lender Listing
- Updates first payment date and maturity date
- Requires mutual agreement by borrower, lender, and guarantor
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in the same county
- Residential or commercial real estate
- Borrowers can be individuals, entities, or trusts
- Up to 4 guarantors
- Updates first payment date and maturity date
- Requires mutual agreement by borrower, lender, and guarantor
- Can be used post-closing to correct loan timelines
- Full signature blocks
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in same county, residential or commercial
- Borrowers can be natural persons, entities, trusts or any combination
- Full signature blocks
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Up to 4 guarantors
- Notary for state where the borrowers and/or guarantors will sign
- Keeps terms private by generating a recordable memorandum
- Available in all 50 states
- Fannie Mae based mortgage
- Seller financing document set designed for residential or non-owner-occupied property
- Full All-Inclusive Deed of Trust (AITD) functionality built-in, includes custom-drafted AITD Rider for Note and Security Instrument
- Two-part output for the e-signable disclosures and final wet-sign promissory note and security instrument
- Includes Promissory Note, Security Instrument with embedded riders, and full closing instructions
- Condo and PUD Rider options embedded into the Security Instrument
- Allows guarantors
- Clear lien priority tracking with existing senior loans
- Interest-only or amortized monthly payment options
- Balloon payment support with final payoff summary
- Prepayment penalty option with customizable terms
- Customizable terms including interest, payment structure, grace period, and late charges
- Seller Financing Instructions with title/escrow checklist
- Hazard Insurance Disclosure and mortgagee endorsement setup
- Customizable fee entries (doc prep, tax service, flood cert, etc.)
- E-signable where permitted
- Full TRID compliant docs – including the LE and CD
- DocuSign active on the Consumer Bridge Loan Estimate
- 11-month max term (11 months plus per diem interest period)
- All federal and state disclosures for DRE and CFL licensees
- Flexibility to put a lien on the existing home, new home or both
- HOEPA compliance
- 3 Day Right to Cancel if placing a lien on the existing residence
- All calculations performed – including APR and TIP
- Special customizable escrow instructions to the purchase escrow
- NMLS endorsement required
- Ability to repay & credit not relevant
- No prepayment penalties or guaranteed interest
- Most are Section 32 = HUD counseling & no financing of soft fees
- 4%, 15-day late charge
- No limitation on rates or points
Business Purpose
Construction Loan Docs Features
- Business purpose residential or commercial real estate
- 1 or 2 borrowers
- 1 or 2 properties in the same county
- 1st, 2nd, 3rd or 4th lien priority for each property
- Borrowers can be natural persons, entities, trusts or any combination
- Full signature blocks
- Full closing instructions
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Referral fee and co-broker options
- Up to 4 guarantors
- Fixed or adjustable rate provisions
- Default rate option
- Impounds option
- Extension option with choice of conditions
- Line of credit option
- Mortgage Loan Disclosure Statement for every state
- DocuSign active on all early disclosure documents
- CFL disclosure for CFL lenders
- Comprehensive loan agreement
- Comprehensive guaranty
- Comprehensive environmental indemnity for commercial loans
- Holdback option
- DSCR option
- Capital reserve option
- Debt service reserve option
- Interest reserve option
- Guaranteed interest option
- Prepayment penalty option
- Amortized or interest only
- Business purpose certificate
- Non-owner occupancy declaration
- Choice of title endorsements
- Ability to add custom clauses or addenda to closing instructions, note, security instrument and loan agreement
- Up to 6 payoffs
- Many, many varieties of lender and broker fees
- Cannabis clauses
- PACE and HERO clauses
- Multi-lender or single lender friendly
- Comprehensive entity consent, LLC, GP, Corp.
- Certification of trust for trust borrowers
Broker Investor Package Features
- 50 States
- Complete set of investor docs and disclosures for brokers
- Lender/Purchaser Disclosure Statement (up to 10 investors)
- Investor Questionnaire
- Loan Sale and Servicing Agreement
- IRS W-9.
- The application generates a separate set for each investor
Business Purpose Loan Docs Features
- Instant loan docs with unlimited, free redraws on the same transaction
- 50 state coverage (lender state governs choice of law except security instrument)
- Secured by residential, multi-family or commercial real estate
- Up to 2 borrowers of ANY type (full signature blocks, not blanks)
- Up to 2 properties cross-collateralized within any state or between any two states
- Up to 4 guarantors
- 1st or junior liens
- Pre-Maturity Default Compensation Options
- Reports Feature to save all of your data for any year end reports to regulators or for internal use
- Balloon or amortized, up to 3 payment sequences
- Fixed or adjustable (multiple benchmarks to choose from)
- Closed-end or Line of Credit
- Guaranteed Interest feature
- Multiple prepay options such as 5-4-3-2-1 etc.
- Full closing instructions with choice of endorsements, exceptions and title insurance amounts
- Mortgage Loan Disclosure Statement, including new multi-state form (picks the right form and does all the math)
- Interest reserves and holdback
- Co-Broker and Referral Fees
- Grace Period and Late Charge Percentages
- Exit Fee feature
- Appraisal Rebalance Option
- “Bad Boy” Guaranty option
- Special Purpose Entity (“SPE”) option
- Non-Borrower Security Instrument Signer
- Multitude of fees plus custom fees can be input
- Ability to add custom clauses to note, security instrument, loan agreement and closing instructions
- PACE and HERO clauses
- Entity Authorization (Minutes)
- Cannabis clauses
- Extension options
- Letter to senior lender for junior loans
- Debt Service Coverage Ratio, Capital Reserve, Debt Service Reserve options
- Full disclosures and common forms such as Loan Agreement, CFL, Fair Lending, Compliance Agreement, ECOA, Balloon Notice, Declaration of Non-Owner Occupancy, Business Purpose Declaration, Patriot Act, Arbitration, Environmental Indemnity (commercial), Trust Certification for trust loans
- DocuSign active on all early disclosure documents
- ACH option
- W-9