DREAM LOAN

Lending you…

…your Dreams

Overview of The Conversational Application:

1) Elevate Referral Partner & Verify Time Frame 
If I would buy in that area I would definitely be using X realtor!

2) Ask supplemental questions

3) What is wholesale lending?
Why FCL?

4) Verify Remaining Application Information.
(All Borrowers)
a. Verify Employment.
b. Verify Income.
c. Verify Cash Reserves
d. Verify Property Address

5. Verify Other Debt
a. Verify Total Revolving Credit Debt
b. Verify Monthly Payment on Total Revolving Credit Debt
c. Verify Total Installment/Student Debt. (Other Loans)
d. Verify Monthly Payment on Total Installment Debt. Ask how they would rate their credit.

6) Verify Property Type and Occupancy

7) Do a quick analysis of the LTV Based on Down Payment

8) Verify All Current Mortgages
(Not Required for First Time Buyers)
a. Verify Home Value
b. Verify Current Balance
c. Verify Remaining Term
d. Verify Current Interest Rate
e. Verify Current Payment

9) Get Commitment

10) Advise client of potential “Credit Report Verification” call:

11. Verify All Social Security Number(s) & DOB:

12. Schedule the Loan Consultation