Workflow

Private loans are a type of mortgage loan based primarily on the value of the property as collateral.

Fast Lending loans are secured through first mortgages, based on a percentage of the property value.

The credit process takes 5 to 10 business days. Our strength is to offer more competitive interest rates and closing costs than those currently available in the private lending market.

1. Investor

Funds are placed in a trust to be disbursed once the criteria of the service contract have been met.

2. Borrower

Applies for the loan by submitting the credit application established by Fast Lending.

3. Credit Processor

Verifies and collects loan documents. Orders the appraisal, generates loan terms, conducts borrower interview, and verifies loan value.

4. Compliance Department

The compliance officer must perform the necessary procedures to identify, report, and prevent any fraudulent activity including money laundering and mortgage fraud.

Business Flow

5. Credit Analysis

Verify that all guidelines established for disbursement are met. Property taxes, administration payments, risk insurance, and verify financing percentage with respect to appraisal value.

6. Closing

The company's title attorneys disburse the funds once the borrower has signed the mortgage and promissory note. Subsequently, they are recorded in the public records.