Podcasts about loan application

Stable Interest has released a new how-to guide on A Guide to Loan Application and Approval. New Real Estate Owners and other interested parties can find the guide online at https://stableinterest.com/what-is-a-mortgage/. Stable Interest City: Den Haag Address: 40A Thomsonlaan Website: https://stableinterest.com

Yesterday I was telling myself, “I should be further ahead in my business by now. My financials are embarrassing.” I was applying for a $50K venture loan and realized I didn't even know what a Balance Sheet was and felt like a complete idiot. In this episode I share, what helped get out of the shame spiral and the spiritual significance of applying for funding.FREE WORKSHOP - Somatics to Heal Money Blocks -https://mailchi.mp/c43286760ab8/somatics4moneyblocksFollow to learn more about witchy entrepreneurship!Friend Bryn on FB -facebook.com/bryn.bamber.5 IG -instagram.com/bryn_bamber/ Tiktok -tiktok.com/@brynbamber

Disputed accounts can be a stumbling block in the loan application process, impacting everything from credit scores to approval timelines. In this episode of Loan Officer Training, we'll guide you through the complexities of handling disputed accounts and how they can affect a borrower's loan eligibility. Learn why disputed accounts matter, how they influence credit reports, and what you can do to navigate these situations with confidence.We'll explore key topics like identifying different types of disputed accounts, understanding credit bureau policies, and knowing when a borrower needs to resolve disputes before moving forward. Discover best practices for advising clients on their options, mitigating risk for lenders, and managing the documentation required to satisfy underwriting standards. By mastering these strategies, you'll be able to streamline the loan process, protect your clients' best interests, and minimize delays.Whether you're a seasoned loan officer or just starting out, this episode is packed with actionable insights to help you handle disputed accounts like a pro. Tune in and add this essential knowledge to your toolkit, ensuring smoother applications, fewer surprises, and a more successful lending experience for your clients.Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documenCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...

With the interest rate-cutting cycle having commenced, Thabani Ndwandwe, chief risk officer for personal and private banking at Standard Bank, shares insight on home loan lending, the residential property market and rate expectations. Podcast series on Moneyweb

Stephen Grootes speaks to Bongiwe Kunene, Managing Director of the Banking Association of South Africa (BASA), regarding BASA's denial of Minister Mmamoloko Kubayi's allegations of widespread discriminatory practices in the home loan application process.See omnystudio.com/listener for privacy information.

Join Cang today's Friday Finance Wealth Coffee Chat! He discusses the challenges of preparing for a loan application, specifically focusing on the banks' use of living expenses and the household expenditure measure (HEMS) as benchmarks. It highlights how HEMS can impact small business owners and individuals with investment properties. He also suggests getting a detailed breakdown of living expenses and a copy of the credit file to prepare for the loan application. Listen now!

In today's episode, Jenn Foster interviews Robert Scranton, the mastermind behind the Financial IQ training system. Robert shares his journey from a conventional finance career to discovering the revolutionary concept of infinite banking. He breaks down how this system can help you build and control your wealth like never before, transforming your financial future by turning the tables on traditional banking. Learn More: https://yourfinancialiq.org/

Do You Need Financing?  This episode is for you if…Are you looking to LAUNCH a new chiropractic practice?Do you need financing for construction?Are you building our your dream practice?Are you expanding your Chiropractic Enterprise?…If YES - then you are going to need money to make it happen.  Listen-in as Dr. Stephen Franson interviews Corey Biddle on the keys to securing financing in today's crazy economic environment.  FinancialCorp has secured millions of dollars in financing for Chiropractors - let them help you finance your VISION.Episode Highlights01:16 - The importance of seeking expert help when starting a new business to avoid the potential for costly mistakes without proper guidance.06:11 - Doing a soft credit pull to identify and remedy any issues on your credit report, giving you more time to make tweaks for a better chance of success.08:16 - Forming a business entity and opening a business bank account can help build business credit and simplify loan applications.15:10 - Having a well-written business plan for securing a loan from a bank, highlighting the need to showcase your personality and drive within the plan.18:59 - Understanding the SBA Loan requirements for small businesses.22:26 - Document preparation in the early stages of business planning to reduce stress and creating a positive impression with lenders32:43 - Being proactive and responsive during the loan process, highlighting the need to "play ready golf" and "take action" to avoid delays.35:39 - Be collaborative.   The underwriters may request additional information to clarify certain aspects of a loan application.42:27 - The importance of concurrent and simultaneous actions in the loan process.46:29 - Join Success Partner, Steven Tait from Online Marketing for Doctors and Dr. Pete as they delve into the world of digital marketing in the medical industry. They discuss the importance of having a strong web presence, the power of breaking the mold in marketing, and the need for adventurous thinking when it comes to investing in digital strategies. As they look ahead to the future, they explore the transformative impact of AI on digital marketing and how it will shape the industry. If you're a doctor looking to enhance your online presence and attract more patients, this episode is a must-listen. Tune in and get ready to take your marketing game to the next level! Resources Mentioned9 Steps to Secure Financing" here: https://theremarkablepractice.com/podcast-ep236-9stepsTo learn more about the REM CEO Program, please visit:  http://www.theremarkablepractice.com/rem-ceoRegister for the Team Building Immersion here:  https://theremarkablepractice.com/team-immersion/Build your dream team with Chiro Match Makers. Learn more at https://chiromatchmakers.com/For more information Online Marketing for Doctors about please visit: http://onlinemarketingfordoctors.com.au/ Schedule a Brainstorming call with Dr. PeteDr. Stephen's LinkedInDr. Peter's LinkedInThe Remarkable CEO WebsiteDr. Stephen's Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

Uncover the essential requirements for qualifying for a franchise loan as we break down the key elements crucial to your financial strategy. Dive into the intricate world of franchise financing with our episode, designed to empower both aspiring and seasoned entrepreneurs on their journey to success. Discover the pivotal role a robust credit score plays in your loan application and learn how a substantial down payment can significantly bolster your chances of securing the funding you need. We delve into the importance of crafting a solid business plan that not only outlines your vision but also demonstrates your understanding of the franchise model. For those venturing into the world of franchises for the first time, we shed light on the significance of relevant experience and how it can positively impact your loan application. Seasoned entrepreneurs will find valuable insights into the financial metrics that matter the most, including liquidity and net worth, as they navigate the franchise loan landscape. Excitingly, we are thrilled to announce our partnership with Lumos, a trusted financial ally committed to providing tailored solutions and expert support throughout the entire loan application process. Together, we aim to simplify the complexities of franchise financing, ensuring that you have the tools and guidance needed to make informed decisions and propel your entrepreneurial dreams forward. Don't let finance overwhelm you! Click here to connect with a specialist and secure your loan today! https://www.vettedbiz.com/funding-product/ Entrepreneurial dreams start here. Take our Biz Quiz, filter through 10,000+ opportunities, and get a boost with a loan. https://www.vettedbiz.com/quiz-test/ Ready to navigate the world of franchise financing and drive your entrepreneurial dreams forward? Not sure which franchise is right for you? click here. https://www.vettedbiz.com/solutions/franchise-buyers/ #FranchiseLoans #FranchiseFindings If you are looking for more information, you can connect with us through our networks:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.vettedbiz.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/vettedbiz/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/vettedbiz⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

Ever wondered why it takes so long for a bank to approve your business loan application? As days turn into weeks without a response, you're left confused and anxious, pulling your hair out wondering what exactly is happening behind the scenes. Getting a bank loan approved for your business can be frustrating when it seems hard to access clear information on the complex loan application process. In this episode, Sally interviews finance expert Donna Bannister, who demystifies exactly how banks assess business loan applications over $2 million. We break down the lengthy but critical process banks use to assess loans over $2 million.

Please be sure to like, comment and share! Got a real estate question? Share it in the comments below!Subscribe to Jason's YouTube channel: https://www.youtube.com/c/ItsAllAboutTheRealEstateCheck out other episodes of The AskJasonGelios Real Estate Show Here:https://www.youtube.com/watch?v=MU7f-6MnAvo&list=PLiRVzHeT4hfc_zObdgb2_hpwyIj8qsej0Follow on FB: https://www.facebook.com/jasongeliosrealtor/In the press:https://www.itsallabouttherealestate.com/press.htmlPurchase Jason's real estate book: THINK LIKE A REALTOR® here: A little book about buying and selling residential real estate through the eyes of a REALTOR®.Purchase on Amazon:https://www.amazon.com/Think-like-REALTOR%C2%AE-selling-residential/dp/0578448866/ref=sr_1_2?keywords=Think+like+a+realtor&qid=1559215969&s=gateway&sr=8-2 Purchase on Barnes And Nobles Online: https://www.barnesandnoble.com/w/think-like-a-realtor-jason-gelios/1131000728?ean=9780578448862Indiebound.org: https://www.indiebound.org/book/9780578448862Signed real estate book copy requests: ItsAllAboutTheRealEstate.com

On this episode of REI Mastermind Network, host Jack Hoss talks with expert guests Michael Coffee and others about strategies for analyzing seller's profit and loss statements when reviewing potential real estate investments. They highlight the importance of examining repair and maintenance costs and discuss how underwriting guidelines can impact loan proceeds. Listeners will learn about factors lenders consider when evaluating deals, such as credit, cash flow, and experience. Additionally, the speakers provide insights into the loan origination process and offer tips for screening potential capital sources. Whether you're a seasoned real estate investor or just starting out, this episode has something valuable for anyone interested in the intricacies of the industry.

For first-time home buyers, finding the perfect place to settle down is hard enough but for rejection to make an unwelcome appearance, it can be discouraging. From not being approved for the loan amount you were looking for to not having your offer accepted on a home you love, rejection can definitely make you second guess your plans but having the right realtor can really make a big difference. This week, the ladies of Real Talk Atlanta talk through a few rejection scenarios and explain how they're able to turn these negatives into positives for their clients! _________This episode is brought to you by BetterHelp Therapy.  BetterHelp has connected over 3 million people with licensed therapists. It's convenient and accessible anywhere — 100% online. Learn more and save 10% off your first month at BetterHelp.com/REALTALKATL_______F O L L O W    O U R    S O C I A L S !◦ Instagram: https://www.instagram.com/realtalkatlanta/◦ SUBMIT QUESTIONS : realtalkatlpod@gmail.com◦ Ashley: https://www.instagram.com/ashley__larae/◦ River: https://www.instagram.com/rivertherealtor◦ Tiesha: https://www.instagram.com/thereal_tiesharena◦ Neika: https://www.instagram.com/neikaw.realestateProduced by Adode Media; a full-service podcast production agency.All Business. No Boundaries.Welcome to All Business. No Boundaries, a collection of supply chain stories by DHL...Listen on: Apple Podcasts SpotifyProduced by Adode Media; a full-service podcast production agency.

145: If you've ever sold land with seller financing, and if you've taken the approach of not pulling credit reports or investigating the borrower's ability to repay (i.e., loan underwriting), you're probably familiar with the disappointment of a borrower who stops paying and leaves you to pick up the pieces.(Show Notes: REtipster.com/145)What if there was a better way to create a more predictable income stream from each property you sold with owner financing?There is! And the process is surprisingly easy, especially if you enlist the help of a residential mortgage loan originator (RMLO).In this episode, I'm talking with Max Bailey from CalltheUnderwriter.com to discuss the "how" and the "why" of using an RMLO. After hearing the rationale behind this kind of service, you may ask why you wouldn't use this for every seller-financed property you sell in the future!

The Farm Service Agency is rolling out a new loan assistance tool to help farmers understand programs and eligibility.

Once again recorded on the BreakOut app, Ron leads a discussion with personal stories and insight from a really cool group on ways to improve and streamline the loan application process for both small business and personal loan borrowers!Some great insight came from this discussion, please share with others!I do not own the rights to the music played on the podcast (fair use):Faith Evans, "Love Like This" (1997)Puff Daddy, Mase, Carl Thomas, "Been Around The World Remix" (1998)Wanna join the Breakout app? Of course you do! It's simple and no cost to you, be an early adopter to a growing social audio community! Go to https://breakooutref.page.link/ndEfkE4MgtEitufG6 today! Use the code BREAKOUT and let me save you 50% on the Property Champs online virtual real estate investing course mentorship! I created a streamlined learning platform for you to begin your investing journey by executing on wholesaling strategies, then graduating to other exit strategies such as fix and flip, buy and hold, short term rental, BRRRR, and more! Go to www.propertychampinvestor.com.Oh and don't forget, you can link up with Ron at champ10k.com!

Have you ever wondered what lenders are looking for when they decide to approve or deny your loan application?Welcome to the Australian Property Investment Podcast. In each episode, we ask a guest expert to share their key insights for aspiring investors to make confident property choices.In this week's episode, we are joined by Jaymee Belleza, Credit Manager at Bluestone Home Loans, as she shares with us what goes into a lender's decision-making process when it comes to approving or denying a loan application.She also gives valuable insights regarding why a loan gets rejected, whether a declined credit card can be overturned, why a credit manager asks too much of the clients, how credit assessors can help you, and so much more.If you want to learn more about the approval process directly from a credit manager so you can make your loan application as smooth and stress-free as possible, then make sure to listen to this episode!Looking for expert conversations that educate investors like yourself to help you build a quality property portfolio? You're in the right place. Stay tuned!Time Stamps:00:00 Intro01:03 What Does It Mean to Be a Credit Manager?02:36 What are Credit Managers Looking for in Loan Applications?06:09 Company Discrepancies07:27 Reasons for Loan Rejections08:56 Numbers or Percentage of Loans Approved10:20 Why Unexpected Things Happen12:09 Can A Declined Credit Card be Overturned?13:58 Reasons Why Credit Managers Ask Too Much to the Client16:38 Jamie's Advice to Move Forward18:08 Senior Underwriter vs. Normal Underwriter22:03 How Does an Application Get Upweighted or Recognised?23:36 How Credit Assessors Help You26:20 Can Somebody Put a Settlement Condition?28:56 Final Thoughts/OutroAbout Our Host:Aaron-Christie David is the founder of Atelier Wealth and a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron's focus is clear – supporting property investors make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.With over 10 years in financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavidFollow Aaron on LinkedIn: https://www.linkedin.com/in/aaron-christie-david-a7482a21/Subscribe to Atelier Wealth's YouTube Channel: https://www.youtube.com/channel/UCKdm2ssEHel1kyQLAHGvNPQConnect with Jaymee:Follow Jaymee on LinkedIn: https://www.linkedin.com/in/jaymee-belleza-72109810b/Visit the website: https://bluestone.com.au/Follow Bluestone Home Loans on Facebook: https://www.facebook.com/bluestonemortgages/Follow Bluestone Home Loans on LinkedIn: https://www.linkedin.com/company/bluestone-mortgagesThanks for tuning in! Please don't forget to like, share, and subscribe!

The concept for creating the GovernmentAid ERC Program to help businesses get back a refund from the government was developed by Bottom Line Concepts when they became aware of the fact that the Employee Retention Credit went through several changes and complexities.

Have you ever been turned down for a home loan because of bad credit? In this video, we're going to break down why your credit file and score matter when it comes to getting approved for a mortgage.  We'll also go over how the government's new guidelines affect people with low credit scores. Learn about what the changes mean and if they will help or hurt you!   Need help?  Contact us here   Check out our website pages for first home buyers and First Home Owner Concierge   For help in getting a home loan or anything else the first homebuyer process contact Will Bell Mortgage Broker or at Google Will Bell Mortgage Broker Google Places Check us out on Facebook  Will Bell Mortgage Broker Facebook  

In this podcast, Shaun Collings, a Financial Wellness Relationship Manager at Regions Bank in Atlanta, Ga., walks us through the FAFSA and student loan process. Including:The FAFSA basics, including how to apply and what factors into your financial aid Determining how much you may need in student loansWhat you can expect student loans to cover

You've signed your contract, and now it's time to submit your Loan Application. This can feel like one of the most stressful parts of the homebuilding process, but tune in to this episode to learn exactly what to expect, how to prepare, and review the very basics of what makes up a mortgage payment. We'll be hearing from our very own mortgage professional, Ronnie Staines, who will return in later episodes to help guide you through the financing process from start to finish!

Today on the show, David & I touch on some of the common questions our clients have about the Ins and Outs of the Loan Application Process. The content discussed in this episode is general advice only, and doesn't take into consideration the individual circumstances of the listener. Any listeners should consider their personal situation and seek professional advice and assistance if needed. You can visit our website here: https://www.moneysaverhomeloans.com.au/

For many of us, the idea of buying or refinancing a home is terrifying… not just when thinking about years of commitment, but right from the first step in the loan process – the application. It's big, it's detailed and it requires that you bring all sorts of documentation to the table, but is it really THAT bad? Loan pro Julie Bannon has been front and center during AnnieMac Home Mortgage's transition to the new Universal loan application, and she's with us this week to break through the rumors, concerns and paranoia about these apps that plagues many first-time borrowers. Get the 411 on what to expect when you fill out your first (or next) loan application on this week's show!

LP/DU - what is it how to get real approvals upfrontgood to know before the home inspection and appraisalgreat question for listing agent to askhttps://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show (http://www.ddamortgage.com/blog)

In this episode of Exploration, VP of Real Estate Lending, Jessica Shepherd joins Matt & Brian to discuss home loans, equity lines, and more! Jessica walks us through the many details surrounding applying for and working with Quest Federal Credit Union in order to secure financing to purchase a home! This is a great episode for anyone looking to begin the home ownership process.

PREPARE YOUR FINANCES! ENSURE A SUCCESSFUL HOME LOAN APPLICATION WITH THESE EXPERT TIPS You often hear experts talking about a budget, a great credit score, and finding a qualified agent to help you make the best property purchase. What exactly are the key elements to consider when securing a successful home loan application? In this episode, our expert will shed some light on some of the crucial steps and the necessary considerations for every first-time homebuyer. Are you ready for this informative episode, make sure you set your alarm and tune in at exactly 7pm! #YSYR #YourSpaceYourRules #PrivateProperty Guest Name – Barbara Mundell Designation- Accountant & Tax Practitioner, Financial Planner, and Director Guest Company Name: Barbara Mundell Consult Website link: https://www.barbaramundell.co.za/about/barbara-mundell/Linkedin: https://www.linkedin.com/in/barbara-mundell-cfp® Chapters/Bookmarks 00:00 Show starts 00:41 Introduction by Zama 03:24 Question 1 - Take us through the first few things of finance when applying for your first home. 03:33 Answer 1 - Barbara Mundell 05:40 Question 2 - Debt vs Assets - What is the sweet spot? 06:10 Answer 2 - Barbara Mundell 08:33 Comment 1 - YouTube - Siphokazi Fikeni 09:25 Question 3 - How do we safeguard against bad credit scores? 10:16 Answer 3 - Barbara Mundell 12:57 Questions 4 - What to do with or avoid unplanned expenses when purchasing a new home/property? 13:04 Answer 4 - Barbara Mundell 17:18 Break 18:25 After the break with Zama 19:10 Question 5 - Some of the mistakes you've seen in the home loan application seen? 20:16 Answer 5 - Barbara Mundell 22:44 Comment 2 - Facebook 26:46 Comment 3 - Instagram 27:25 Question 6 - YT - Interest rate to be fixed 27:36 Answer 6 - Barbara Mundell 28:28 Comment 4 - Facebook - Credit score bad even after debt settled. What to do? 28:36 Answer Comment 6 - Barbara Mundell 30:46 Comment 5 - IG - How do I improve my finance and credit score as a teenager? 31:25 Answer Comment 5 - Barbara Mundell 32:13 Comment 6 - Facebook - What is the importance of keeping the installment as is? 32:28 Answer Comment 6 - Barbara Mundell 33:27 Comment 7 - Finance looks at 3 areas 36:16 Comment 8 - Can one get a tax number from outside the country? 36:20 Comment Answer - Barbara Mundell 36:45 Question 5 - How long does it take to get feedback from the seller once you get the OTP [Offer To Purchase] 36:55 Answer - Barbara Mundell 37:32 Comment 9 - YouTube - Credit card payments 37:45 Comment Answer 9 - Barbara Mundell 38:16 Comment 10 - Advice on a cash property purchase? 38:26 Answer Comment 10 - Barbara Mundell 39:51 Comment 11 - IG - Bond reject after settled debt? What to do? 40:12 Answer Comment 11 - Barbara Mundell 41:36 Final Tips - Barbara Mundell 42:00 Closing Remarks - Zama

The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish. The quick answer is 45 - 60 days. The honest answer is it takes as long as necessary to complete all steps in the process. The next logical question is what are the steps. Here is a list of each step in order with an explanation. Before I begin, I want to emphasize the timeline starts from the day the lender receives the monetary Deposit, usually $2,500 or $5,000 and the signed Letter of Interest or Term Sheet. Step 1: Loan Application Needs List. This needs list is sent to the Applicant by the Lender in preparation for underwriting. Included are General Application Forms and SBA Forms 1919, 413 and 912 if necessary. It typically takes 2 - 4 days for the lender to generate this needs list from receipt of the monetary Deposit and signed Letter of Interest. Step 2: Underwriting. The amount of time to underwrite the loan is 1 - 3 weeks depending on the lender's pipeline density, available underwriters and support resources and outstanding information required by the underwriter to render a decision. Step 3: Credit Decision. The credit decision is announced upon completion of underwriting or the conclusion of ”loan committee.” Some lenders shepherd loan requests through individual underwriters in an underwriting loan center. Other lenders maintain a decision making body referred to as “loan committee.” It takes 5 - 10 days for an underwriter to review a loan application and either return to the applicant with questions or a credit decision, meaning the loan is either approved or declined. Loan committees decide a loan in the committee meeting which is typically held one day per week or every other week. SBA 504 loan requests require a separate SBA Approval called an Authorization which may add an additional 5 - 10 days to the entire application process. Step 4: Commitment Letter. The commitment Letter outlines conditions required to close the loan and is sent to the Applicant 2 - 4 days after loan approval. This step begins the process of ordering third party reports and the collection of closing documents. Step 5: Third Party Reports & Closing Documents. A real estate appraisal is ordered by the lender to be performed by an SBA approved third party appraisal company. The appraisal may take 2 - 3 weeks to complete with an additional 2 - 5 days for lender review. If a business acquisition is included with the real estate purchase, a business valuation is also ordered which also takes 2 - 3 weeks with an additional 2 - 5 days for lender review. Step 6: Quality Control / File Audit. Once all closing documents and third party reports have been completed and approved the lender conducts a final review of all required documents and reports necessary to close the loan which takes 2-5 days. The lender orders loan documents to be prepared for signature when the file is deemed complete. Step 7: Loan Document Preparation. This step takes 1-3 days before loan signing may be scheduled. Step 8: Loan Document Signing. Loan signing takes place immediately after escrow receives lender instructions and loan documents. Step 9: Bank Funding. Loan is funded after the lender receives signed loan documents from escrow and escrow confirms all requirements to close the loan have been met by the Applicant and Seller.

The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish. The quick answer is 45 - 60 days. The honest answer is it takes as long as necessary to complete all steps in the process. The next logical question is what are the steps. Here is a list of each step in order with an explanation. Before I begin, I want to emphasize the timeline starts from the day the lender receives the monetary Deposit, usually $2,500 or $5,000 and the signed Letter of Interest or Term Sheet.

Getting denied for a mortgage is incredibly frustrating! Here's what to do next if you can't get approved.   GET A RATE QUOTE: ✅ Purchase: https://www.winthehouseyoulove.com/purchasequote ✅ Refinance: https://www.winthehouseyoulove.com/refinancequote *Advertisement from Credible Operations, Inc. NMLS ID# 1681276   FREEBIES: ✅ Max Purchase Price Calculator: https://www.winthehouseyoulove.com/max-mortgage-payment-download ✅ 7 Proven Ways To Save Thousands On Your Home: https://www.winthehouseyoulove.com/free ✅ Listen To The Podcast: https://plinkhq.com/i/1493715474   AFFILIATES: ✅ Online real estate school with 30% discount: http://winthehouseyoulove.com/realestatecourse ✅ The recording gear I use: https://www.amazon.com/shop/winthehouseyoulove   LEGAL: As an Amazon Associate, I earn a commission from qualifying purchases. *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. Credible pays Win The House You Love an advertising fee when you submit a pre-qualification request. Kyle Seagraves NMLS# 1701021 Motto Mortgage Alliance 8900 N. Dixie Dr. Dayton, OH 45414 Equal Housing Opportunity

The most important step in the SBA loan application process is closing the loan. This is obvious, right? You would think so. However, many applicants make the mistake of focusing their attention on closing after it's too late, and they've missed a critical step or piece of information that inevitably prevents them from closing the loan. An SBA loan is considered closed after a loan number has been assigned by the bank and boarded to their loan management platform, applicant and bank funds have been moved into escrow or a construction account, deeds of trust have been recorded and/or licenses obtained and escrow finally and formally notifies all parties its job is finished. Unfortunately, many SBA loan applications never close. This is extremely frustrating for the applicant who has invested time, money and other precious resources with nothing to show for it. No new business, no new office building, no working capital. I know this because many applicants who are referred to me or find me on Google have personally experienced this frustration first hand. Reasons for the loan application stalling out prior to close include inadequate bookkeeping and financial reporting, improper legal entity documentation and structure, applicant non-disclosure of prior adverse credit, criminal background or other malfeasance, insufficient asset value resulting from a real estate appraisal or business valuation, discovery of soil or water contamination from a Phase 1 environmental report, ineligible business applicant, individual guarantor or purchase contract, inability to obtain proper licenses and certifications and/or uncooperative and unreasonable partners, sellers, contractors or landlords and the list goes on. The good news is there is a tried and true method to successfully close an SBA loan and avoid the frustration of watching your hopes and dreams disintegrate into thin air. Are you ready? You must Identify and mitigate all obstacles and impediments, if possible, that will keep the loan from closing, and this is key, you must do this prior to submitting the loan application. You can attempt this on your own but let's face it, you don't have the time or desire to become an SBA expert. You can choose to work directly with a lender but you just never know if they're the right fit for your specific loan request. I recommend hiring an expert loan advisor and broker, like me Ryan Smith, who can help you structure the loan for success, in compliance with all SBA policies and procedures, from the very first conversation. Following my tried and true method will give you the best opportunity to successfully close your SBA loan application and become the proud owner of a new business, office building or obtain that much needed working capital to grow or start your business.

The federal government recently announced proposed changes to responsible lending obligations. If you’ve consumed any media coverage on this topic, then chances are you’ve heard that it’s a bad thing. And well, I wouldn’t blame you for thinking that removing responsible lending obligations is a bad thing, I mean we all want banks to lend money responsibly don’t we?Do these proposed changes mean that the banks are going to be throwing money at people willy nilly?Are the most vulnerable people in out community going to put at financial risk?In this episode, I chat with a well known finance figure here in Australia, Brett Mansfield the CEO of Buyers Choice. We’re going to give you the real deal, the unsensationalised information on:What responsible lending meansThe proposed changesHow the proposed changes could affect people looking to borrow money (for a home loan for example) and the flow of creditFollow Brett Mansfield and Buyers ChoiceWebsiteFacebookLinkedInFollow the Dream Home MovementFacebookInstagramFollow Carl and Jo VioletaFacebookInstagramWeb

This week, Jennifer and Brian welcome Matt DePippo, RMS Mortgage, to the show to discuss everything from applying for a loan all the way through the loan approval process. Jennifer and Brian get real about the entire process with helpful tips and strategies.Husband and wife Real Estate Team Brian and Jennifer Frost discuss everything you want to know about buying, selling, investing, and owning property.If you’re buying or selling real estate, contact Jennifer at www.bestmovesearch.com Spouses Talking Houses is recorded this and every week at The Studio 21 Podcast Café and is part of The United Podcast Network.Music used with permission of Eric Lindberg. The theme music is Punkinseed from the album Rich Enough by The Eric Lindberg Trio. It’s available for purchase at https://store.cdbaby.com/cd/ericlindbergtrio1 Jennifer and Brian are licensed to practice real estate in NH and MA. Brian is also a certified general appraiser in NH. They are not lawyers, accountants, home inspectors or therapists. Real estate customs and rules may be different in your area. Each Keller Williams Realty office is independently owned and operated. The Realtor name is trademarked to members of the National Association of Realtors. If you are currently under contract with a real estate agent, this is not intended as a solicitation. Views expressed on this podcast by Jennifer may not be shared by Brian and vice versa, nor are they the views of Keller Williams Realty.

Business owners purchasing or refinancing commercial real estate financed by an SBA 504 or 7a loan are required to hire a certified commercial appraiser to prepare a commercial real estate appraisal report which includes the “as is” value of the subject property on the day the report is delivered to the lender. Every loan applicant needs to know the following regarding the commercial appraisal report. The cost is generally between $2,500 - $4,500 The lender's appraisal department orders appraisal bids from their approved vendor list This means that neither the loan applicant, lender representative, nor the loan broker order the appraisal bids The returned appraisal bids will reveal the delivery date and cost of the appraisal The lender's appraisal department chooses the appraiser based on the business owners goals, ie. delivery time and cost The lender's appraisal department will not disclose the appraiser's name to the loan applicant prior to selecting the appraiser

The Landlord Lien Subordination And Collateral Access Agreement is required to be executed during the loan closing process when an applicant receiving an SBA loan has secured an interest in real property through a commercial lease. Parties to the agreement include the SBA Lender, who is referred to as the Lender, the SBA loan applicant, who is referred to as the Tenant and the Landlord who owns the premises occupied by the Tenant, who is referred to as the Landlord. The purpose of this agreement is to solicit and confirm the Landlord's willingness to facilitate the loan by agreeing to subordinate its interest, if any, in the collateral, and permit Lender access to the collateral located at the premises in the event of Tenant default subject to the following terms and conditions.

Contrary to popular opinion SBA Loans are quite flexible. Case in point, The SBA Standby Creditor's Agreement. This Agreement establishes the interest rate and loan terms of a promissory note between the buyer, referred to as the Standby Borrower and the Seller, referred to as the Standby Creditor, to mitigate three fundamental credit weaknesses in the loan application.

There are many instances where borrowers applying for an SBA loan to purchase real estate, acquire a business or franchise or obtain working capital for growth do not possess the required 10% minimum equity injection. The good news is that the SBA permits the applicant to receive a monetary gift to assist with the equity injection. This gift may be given by any willing participant.

November 1st, 2018 the SBA combined SBA Form 159(7a) and SBA Form 159(504) into one form known simply as Form 159. Form 159 requires applicants to disclose services and fees charged by an Agent hired in connection with applying for an SBA loan whether a 7(a) or 504. The purpose of this form is threefold. To reduce fees paid by applicants in connection with applying for an SBA loan To protect applicants from predatory Agents who charge unreasonable fees To promote transparency and integrity between all parties involved with assisting the applicant The applicant is required to complete the form after the loan has been approved.

Form 2202 must be completed on behalf of the subject business requesting the loan and all affiliate businesses. Affiliate businesses are defined by the SBA as any business owned 51% or more by a 20% or more owner of the subject business. Form 2202 documents the subject business and affiliate businesses monthly debt obligations which is essential to determining the debt service coverage ratio or dscr for short and debt to tangible net worth ratio also known as leverage. Both The dscr and debt to tangible net worth ratios are key indicators used by lenders to determine the businesses ability to repay the requested loan.

The SBA Statement of Personal History Form 912 must be completed by everyone who answers yes to questions 18 or 19 on SBA 7(a) Borrower Information Form 1919, Section II: Principal Information. These questions ask whether the individual principal applying has been arrested within the last six months or whether they have EVER, I want to stress EVER, been convicted, pleaded guilty, pleaded nolo contendere, been placed on pretrial diversion or been placed on any form of parole or probation for any criminal offense other than a minor traffic violation. Just to be clear a DUI is not a minor traffic violation.

The SBA 7(a) Borrower Information Form 1919 is required to be completed by every individual with 20% or more ownership in the applicant business entity whether applying for an SBA 7a or 504 loan. Completing this form is not complicated but there are a few things that are important to know. First, the form consists of 26 questions spanning two sections, The first section pertains to the Applicant business and the second section to it's individual principals or owners. Before answering the questions, review the Definitions section on Page 1. This section defines the terms Affiliation, Close Relative, Eligible Passive Company, Household Member and Operating Company. You'll need to know these definitions to answer questions 5,6,7, 8, 12, 14, 15, 16, 21, 23, 24 and 25. Once you've reviewed these definitions you're ready to move forward to Section I: Applicant Business Information.

The Personal Financial Statement, often referred to as a PFS for short, is one of the most important documents to the loan application. The PFS must be completed by all individuals who own 20% or more of the borrowing entity and is to include all personal assets, liabilities, annual income and debt obligations. I want to stress personal financial information, not business. I will address what is necessary to properly document Business financial information in future episodes. The PFS requires that all requested and relevant information be included. Leaving out details such as monthly rent, credit card obligations, home equity lines of credit and real estate owned will render the PFS incomplete and cause delays, or even worse, a mis-understanding of one or more of the business owners capacity to borrow, which can be the difference between a decline or approval.

4 sleeps to go! On this episode we welcome in two special guests, Kieran and Beetle, who break down their best of teams (1988-2020) for their respective clubs in the Gold Coast and Penrith. We also get their opinions on the best prop of the past 30 years and what they think of the rules changes and one referee policy set to be implemented. With the Warriors being granted permission to approach clubs for loan players, Adam puts forward an idea in that loans could become part of the permanent NRL fixture. We look into whether this would be a viable issue and how it would pan out for the clubs involved. We also preview Wednesday's show that will be a full Round 3 Preview including team lists, injury updates and value bets. We can't wait! Hope you enjoy the show, Cheers! Adam's Craft Beer of the Week: Brewery and Beer: Brouhaha Brewery, Cherry Sour ABV: 4.2% Style: Sour Country/Location: Maleny, Sunshine Coast, Australia. Pouring a deep red this beer definitely showcases the fruit it is named after. Packing 10% fruit by volume, you are definitely getting your daily dose of fruit with over 100kg of cherries added to the batch. The smell of the beer makes your tongue tingle, it is sweet and also tart due to the use of the lactobacillus culture used. Check out the entire Brouhaha range at https://brouhahabrewery.square.site/. Currently delivering Sunshine Coast wide. --- Send in a voice message: https://anchor.fm/6again-ahoy-jmewton/message

Preparing paperwork for your mortgage application can be intimidating. Listen to the Marquette Mortgage Experts and find out the paperwork you need when you meet with your loan officer. You can watch this episode on YouTube here.  Member FDIC. Equal Housing Lender. 

In this edition of the Real Answers podcast for Tuesday, April 7, Michaeland Chris discuss updates on the small business loan application processand loan forgiveness criteria. If you have topics you'd like to seeaddressed regarding the coronavirus and how it is impacting your business,please send an email to burt.bollinger@nwfa.org.This episode of the NWFA Real Answers podcast is brought to you by theNWFA Emerging Leaders Council.

Financial Planner Mrugesh Soni from Soniez group explains how are the lenders using your social media account to check the validity of information provided on loan applications. - લોન માટે અરજી કરનારી વ્યક્તિએ આપેલી તમામ માહિતીની ચોક્કસાઇ કરવા લેણદારો કે બેન્ક તેમના સોશિયલ મીડિયા એકાઉન્ટ્સની તપાસ કરે છે. Soniez ગ્રૂપના ફાઇનાન્સિયલ પ્લાનર મૃગેશ સોનીએ આ વિષય પર વિસ્તારથી માહિતી આપી હતી.

RAAGA | Loan Application Kku TV Venuma? #IthuEppediIrukku

Discover the biggest and most common mistakes people when they apply for a home loan or mortgage refinance.Learn the common mistakes that could lead to your home loan application being declined or a reduction in how much you can borrow.It's not all doom and gloom though, we also discuss how to avoid those mistakes.Here's a link to service that you can use to check your credit score that Carl mentioned during the show.https://www.equifax.com.au/Please note, we're not affiliated with Equifax.**This episode of the Dream Home Movement was recorded live at the RPPFM**Follow the Dream Home MovementFacebookInstagramFollow Carl & Jo VioletaFacebookInstagramWeb

In this Episode, we will review ... * A vital part of your Investment Formula * Residential Vs Commercial Finance. * What Lenders tend to focus on. * The Loan Application process. THE NEXT PODCAST will explore whether the Deal Stacks Up.

http://privatelenderpodcast.com/wp-content/uploads/2019/07/Ep-078-Graphic.jpg () Today’s episode is going to be geared for newbies or people who might be unsure how to start or where to kind of start the conversation with a potential borrower and it goes hand in hand with a sort of an announcement, I’m proud to announce. Happy to announce, relieved to announce that you can finally now get your copy of the private lenders loan application Guide and checklist over at the website, privatelenderpodcast.com and I’m going to kind of walk you through it a little bit today. So, if you have don’t have it yet. I would, you know, go get it and save this episode for later when you can sit down at a desk and kind of look through it. So if you’re running, driving to work, obviously you’re not going to be able to do those things or at the gym.   http://privatelenderpodcast.com/expo/ (Click here to get your discounted tickets for the Quest Trust Company’s Self-Directed IRA Expo) GET TO A SAFE SPOT So if you have to then go ahead and pause it and come back later. You can go to the Private Lender Podcast.com and just sign up anywhere, any sign up form that you see, name an email, fill that out and you will get the private lenders loan application Guide and checklist. And I put it together to kind of walk through a couple of ideas or themes and notions. And I’m going to go through those with you here today. I’ve always said that when it comes to a loan, I like to look at the person a their process and then the property. And that’s what I lay out in this, in this checklist, you want to know how much real estate investing experience they have if they’re just starting off or if they’re new, politely send them over to hard money lenders. That’s what they’re there for is to really help new people, new people, newbies, first-timers, be successful and let them do it with hard money, not yours. LOOK FOR GRAY HAIR That’s, that’s my suggestion. Look for what you’re, you know, if you have a borrow who’s been doing this for 20 years and they’re a flipper and they continue to flip, that’s great. That’s someone you might be comfortable with, especially if you have a good relationship with them. If you have a flipper or let’s say, let’s say you have a landlord who wants to go into flipping that process, I’m not too comfortable with because here’s somebody who has succeeded as or succeeded as a flipper, rehabber and now it’s to switch gears. I’m sorry, I just messed that up. Didn’t I? Someone who’s successful as a landlord, but now they want to switch gears and get some quick cash again. I would send them over to the hard money folks until they get a few flips under their belt. It’s a, it’s a little bit different game and I like to invest with people who know what they’re doing and stay in their lane. So that is a touch on the person you want to know if do they have, what’s the record like in not just a criminal record or any, what was their record as a person do that? Have they been arrested a lot? You know, one or two times. Okay. Or not. I’m saying, okay, but what was the, what were the circumstances behind, do they have judgments against them? Have they been sued? Because here’s it. This is where it gets tricky because I, I’m trying to think of someone who’s landlord for a very long time who at least wasn’t threatened to be sued or contacted by attorneys, by tenants that know how to game the system so to speak. Uh, and I’m not trying to condone slumlords or anything like that. It’s just I know some good people who have been sued, uh, as landlords frivolously, but, um, unfortunately sued nonetheless. BE JUDGMENTAL So if they do have judgments or they have been sued, find out why. You know, are...

What kind of documents will I need for my Loan Application?TJ talks about the doc's that you will need and the importance of providing them ASAP to your lender!Learn more at www.knowbeforeyoubuyrealestate.com

Alex Jones caught watching transexual porn https://youtu.be/y7UMsftR_90 Feds Scramble after Las Vegas Shooter’s Girlfriend Lists FBI as Place of Employment on Loan Application; ‘She Might have Been an Asset’ https://truepundit.com/feds-scramble-after-las-vegas-shooters-girlfriend-lists-fbi-as-place-of-employment-on-loan-application-she-might-have-been-an-asset/ Bowing to Beijing? Google’s Project Dragonfly https://www.aljazeera.com/programmes/listeningpost/2018/08/bowing-beijing-google-project-dragonfly-180825081915503.html Florida candidate for Congress: Alien abduction doesn’t define me http://www.sun-sentinel.com/news/politics/os-florida-candidate-alien-abduction-20180823-story.html Washington Abduction Turned Out To Be An ‘Escape The Room’ Style Prank https://wsrz.iheart.com/content/2018-08-24-washington-abduction-turned-out-to-be-an-escape-the-room-style-prank/ Not a joke: “Ecosexual” college professors enjoy having sex with trees https://www.naturalnews.com/2018-08-23-not-a-joke-ecosexual-college-professors-enjoy-having-sex-with-trees.html My first day at work was a sex toy-filled nightmare: lawsuit https://nypost.com/2018/08/23/my-first-day-at-work-was-a-sex-toy-filled-nightmare-lawsuit/ Were These Michael Jackson Songs Actually Sung By an Imposter? https://www.esquire.com/entertainment/music/a22824412/michael-jackson-fake-songs-imposter/ J.J. Abrams casts old Lost buddy Dominic Monaghan in Star Wars: Episode IX https://news.avclub.com/j-j-abrams-casts-old-lost-buddy-dominic-monaghan-in-st-1828591549 Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. ▀▄▀▄▀ LINKS ▀▄▀▄▀ ► Phone: 614-388-9109 ► Website: http://obdmpod.com ► Patreon: https://www.patreon.com/obdm ► YouTube: https://www.youtube.com/user/ourbigdumbmouth ► YouTube 2nd Channel: https://www.youtube.com/channel/UCrj4SPfo5ySkEnyaQAW5zvA ► Twitter: https://twitter.com/obdmpod ► Instagram: obdmpod ► RSS: http://ourbigdumbmouth.libsyn.com/rss ► iTunes: https://itunes.apple.com/us/podcast/our-big-dumb-mouth/id261189509?mt=2 ► Twitter: https://twitter.com/obdmpod ► Facebook: https://www.facebook.com/obdmnews ► Everything we do could be considered performance art

How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here! The post 018: How to account for income from loan application fees? appeared first on IFRSbox - Making IFRS Easy.

How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here! The post 018: How to account for income from loan application fees? appeared first on CPDbox - Making IFRS Easy.

In this podcast, Steve Huston, President of BankWest, outlines what he and his bank look for when they are considering a new loan application from a small business. If you’re […]

Buying a home? Click here to perform a full home searchSelling a home? Click here for a FREE Home Value ReportI decided to apply for a home loan at a big bank, one that has a branch on every corner. Today, I want to share my experience with you and explain why I don't recommend going to big banks for home loans.Not only did it take up to twenty minutes sitting in the lobby waiting for a banker, when I met with one, they didn't even know how to handle a loan application. For thirty minutes, I got shuffled from person to person until they finally printed a loan application for me!Here's what they said would happen: Once I filled out the application, I would have to fax it to their central department, which is in a completely different state. Then, seven to nineteen days later, someone would get back to me and let me know what to do from there.This is why we recommend that you use our loan officer. They will take your loan application over the phone and tell you in 30 minutes why you can or cannot buy a home right now.Big banks may take seven to ten days to even get assigned to a loan officer. If you need to get a home loan or pre-approval, please talk to us. You need to get a pre-approval before you go out shopping for homes. By the time a big bank figures out your loan application, the property you had your eye on might be already gone.If you have any questions, give me a call or send me an email. I would be happy to help you!

“What are the Top 10 Things You Need to Know, Before Hiring a Realtor?” Chris Hage, Expert Real Estate Broker reveals the Myths vs Reality! “Do you know What are the Top 10 Things You Need to Bring With You to a Loan Application?” Nicole Lambros, Branch Manager of Academy Mortgage, shares with us, how […]

Guest: Shaun Collins, CEO of Legacy Credit Services.  

The Loan Appraisal process is something that requires a considerable amount of skill and knowledge from the loan officer. In this episode we will discuss the Loan Application as well as a site visit to the business premises of a client.