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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
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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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