United Mortgage Corp.’s Post

Is your LOS exciting enough to talk about? 🧐 Its probably not.. but it can be!! Connect with current ARIVE Brokers and ask what they like and how they use our built in tools to save them time ⏰and money 💰

Interesting company of the day- Carputty. https://www.carputty.com Apparently Carputty issues a revolving line of credit to individuals, and small businesses, for the financing of vehicles (new and used). Although this is unclear, it seems like the financing is based more on the borrowers capacity to repay the loan than on the quality of the underlying asset. Some questions... Do they lien the assets? What prevents someone from releveraging the same asset? How do they manage collections and/or repos? Are they using community banks and/or credit unions to finance the loans similar to the Upstart model or do they sell a portfolio to investors? In other words, who is holding that ultimate risk?

Loan Garage was born directly from feedback about the referral partnerships available in the broker market. 🚀 🚀 🚀 Unfortunately for a lot of brokers they refer and entrust tick & flick partners with their referrals and ultimately they risk reputational damage, brand damage and loss of customer when sharing their clients data. And sadly for the majority of these partners taking that risk they often loose ownership of their clients, their data and above all a fair and promised commission split for something less then they were promised. In your Loan Garage Dashboard you will see your true income based on settlement income from the lender settlement, own your data for life and and any repeat business and even add or delete clients from your profile as you see fit. You can even opt-in to in life marketing, white-labelled so you never loose clients from your eco-system and continue to build your own brand! Should you want to increase your share of wallet and service your clients with a full suit of non-homeloan based options the Loan Garage team would love to hear from you. We do not offer our solution directly to consumers and building your brand and supporting your team and business is our goal. Want to jump the gun and chat, slide into the DM's. #LoanGarage #BrokerSolutions #ReferralPartnerships #ClientOwnership #DataSecurity #BusinessGrowth #BrokerSupport #TruePartnership #AssetFinance #FinanceAsAService #SupportingBrokers #ForBrokers

Zero Percent for 12 months LINE OF CREDIT-PRIVATE CLIENT GROUP ONLY. STRICT REQUIREMENTS OR IT WILL NOT be extended. *0 interest for 12 months *Rate adjusts to 9% to 13% after 12 months *40k to 100k max *No Industry restriction-Strip clubs are fine.I don't like guns,so no fire arms companies. *680 Experian fico score-679 gets auto declined *4 inquires or less in the past 6 months *Start ups are fine. No time in business *At least 1 year of credit history *No Felonies ever *No charge offs *Fund in 3 days * Be a Republican- I'm joking and I still live in Florida and California. *No Merchant Cash Advance,business loans, personal loans,pay day loans defaults, slow pays, in the past.#lineofcredit #syndication #smallbiz #rockstars #leverage #levelup #cheapflights #miamirealestate #brokers #termloan

Redlining is in the news this week. If you are looking for a tool to help you quickly assess your redlining risk over time and across your lending footprint, reach out today and I can schedule a time with you to walk through LendingPatterns.com. https://lnkd.in/geRAPzuF #redlining

Loan Garage was born from feedback about the referral partnerships available in the broker market. 🚀 🚀 🚀 Unfortunately for a lot of brokers they refer and entrust tick & flick partners with their referrals and ultimately they risk reputational damage, brand damage and loss of customer when sharing their clients data. And sadly for the majority of these partners taking that risk they often loose ownership of their clients, their data and above all a fair and promised commission split for something less then they were promised. In your Loan Garage Dashboard you will see your true income based on settlement income from the lender settlement, own your data for life and and any repeat business and even add or delete clients from your profile as you see fit. Should you want to increase your share of wallet and service your clients with a full suit of non-homeloan based options the Loan Garage team would love to hear from you. We do not offer our solution directly to consumers and building your brand and supporting your team and business is our goal. Want to jump the gun and chat, slide into a meeting: https://lnkd.in/gxWW9kS9 #LoanGarage #BrokerSolutions #ReferralPartnerships #ClientOwnership #DataSecurity #BusinessGrowth #BrokerSupport #TruePartnership #AssetFinance #FinanceAsAService #SupportingBrokers #ForBrokers

Transparency in Closing Costs 🫡 Costs to expect on closing day outside of the down payment are typically an additional 3-4% of the purchase price. Ways to lower your cash to close as much as possible include: - gift funds from a family member - grant programs - seller credit - lender credit - working with a good team that you’re not overpaying for (lender, attorney, insurance agent, etc.) Visit my last reel to learn more about the up front costs associated with buying a home 🏠 📲 309-533-2775 or link in bio - let’s chat! 🎥 @huscp is the marketing 🐐 #firsttimehomebuyer #closingcosts #mortgagelender #homebuyer #buying #realestate #realtor #downpayment #downpaymentassistance

In light of recent events like the #iFlipChicago scandal, real estate professionals must safeguard themselves against private lending fraud. Here are some essential tips from our team: 1️⃣Thorough Research: Investigate individuals and companies involved in lending or partnerships extensively. 2️⃣Due Diligence: Verify backgrounds, track records, and reputations before committing. 3️⃣Transparent Agreements: Demand clarity in all terms and seek legal advice for contract reviews. 4️⃣Independent Representation: Use independent legal counsel to avoid conflicts of interest. 5️⃣Trust Your Gut: If something seems too good to be true, proceed with caution. Active Monitoring: Stay involved in projects and maintain open communication with all parties. 6️⃣Know Your Rights: Understand consumer protection laws and be prepared to take legal action if needed. These steps can help mitigate the risk of falling victim to fraudulent schemes in real estate ventures.   https://lnkd.in/gEPjv8Wb

More than likely, you're going to have a million questions about getting started: How much can I qualify for? How much do I need saved for a down payment? What if I don't have a great credit score? And so on... Whether you're ready to jump right into the home-buying process, or if you're just starting to think about purchasing, we'd love to help you get started in the right direction! Get connected with one of our knowledgeable loan officers! #firsttimehomebuyer #realestate #equityfirstfinancial #coloradomortgagelender #floridamortgagelender

Currently if you’re a micro entity you do not need to include a profit and loss on your accounts to Companies House. That’s changing with the Economic Crime and Corporate Transparency Act and will be phased in over the next 2-3 years, so your companies turnover, expenses and profit will be on the public record to make companies more transparent and reduce fraud. You can elect to do this now if you wanted to be compliant earlier, and our software allows you to do so, although only time will tell if having more detailed accounts on the public record will make disclosures easier such as when applying for a mortgage or securing a new rental property.