As such, it's easier to do due
diligence on borrower risk.
PeerStreet's view is that by performing its own due
diligence on borrowers using a software - based underwriting engine, the company can match high - quality debt with a growing crop of yield - hungry investors.
Not exact matches
Due
Diligence If a
borrower fails to make payments
on their loan according to the terms of the promissory note, the federal government requires the lender, holder or servicer of the loan to make frequent attempts to contact the
borrower (via telephone and mail) to encourage him or her to repay the loan and make arrangements to resolve the delinquency.
On the other hand, if you diversify your lending by making small loans to multiple borrowers with acceptable risk levels, you can get a really nice return on your investment, but it will definitely require research and diligenc
On the other hand, if you diversify your lending by making small loans to multiple
borrowers with acceptable risk levels, you can get a really nice return
on your investment, but it will definitely require research and diligenc
on your investment, but it will definitely require research and
diligence.
On a day - to - day basis, a banking and finance lawyer may be expected to carry out due
diligence for their clients» to ensure that any
borrowers will be able to repay the money and to check there are no discrepancies in their finances.
The one thing that can be a deal killer for these lenders is if something turns up during their due -
diligence on the loan application that the
borrower was not upfront about.
We've seen deals get wrecked after Inspections & Appraisals, practically
on the closing table, because some Due
Diligence research by our Closing Department uncovered undisclosed key facts about the
Borrower or The Deal Itself, or even worse: actual, provable dishonesty in the application process.
Instead of concentrating
on minute details of the
borrower's credit history as institutional lenders do, we concentrate our due
diligence efforts
on the real estate securing the loan
Instead of concentrating
on minute detail of the
borrower's credit history as institutional lenders do, PMF Partners LLC concentrate our due
diligence efforts
on the real estate securing the loan.
Though Montegra's 45 - year history as a leading Colorado hard money lender speaks for itself, we will gladly provide bank, attorney, and existing
borrower references to assist you in conducting due
diligence on our company and lending track record.