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MORTGAGE ADMINISTRATION
 

·        Locate qualified borrowers for clients wishing to invest in a mortgage, or check out borrowers presented by the lender

·        Do credit and legal checks on the borrower and property.

·        Study certified financial statements to prove income and ability to pay

·        Inspect the property for condition, area and ease of sale in case of a foreclosure

·        Have the property appraised by a professional appraiser at the borrower’s cost

·        Present an offer to lend, and have it signed by the borrower if accepted

·        Have documents drawn to create a trust for the property, so a long foreclosure process can be avoided in case the borrow fails to meet payments

·        Collect monthly payments and deposit them as instructed by the lender

·        Follow up from the first day after a payment is missed until payment is made on missed payments

·        Trigger the trust agreement to transfer title of the property to the lender in case of default by the borrow

·        Rent, sell or hold the property, depending upon the wishes of the lender.

 



      

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