Borrower Risk

What to Do When Borrowers Fail to Comply with Insurance Requirements

By |2023-11-27T13:51:48-06:00November 29th, 2023|Operations|0 Comments

Force-placed insurance is a common solution, but there’s a better approach. To secure a loan, borrowers must have insurance to cover the property. If a borrower does not obtain insurance, lets their insurance lapse, or their coverage is terminated, the lender usually has the right to get insurance to cover the property. This insurance is [...]

By |2023-11-27T13:51:48-06:00November 29th, 2023|Operations|0 Comments

3 Things You Must Understand About Your Borrowers for Bottomline Success

By |2023-08-18T10:52:46-05:00August 23rd, 2023|Marketing & Sales|0 Comments

Perfecting your strategies for conducting borrower relationships, getting a deal back on track, and hitting the brakes when needed are critical skills to keep your business on schedule. In the real estate investment industry, one of the best things borrowers can do to help themselves is shop around for the best loan possible. If you’re [...]

By |2023-08-18T10:52:46-05:00August 23rd, 2023|Marketing & Sales|0 Comments

Lending to a Fraudster: A Cautionary Tale

By |2022-05-23T11:26:08-05:00April 24th, 2022|Operations|0 Comments

Dedicate the time to properly evaluate the borrower. If you are a private lender, your primary goal is ensuring you get paid back. The best way to improve those odds is to scrupulously follow your due diligence checklist. Your checklist may include engaging an appraiser, performing a property inspection, running a background check, obtaining a [...]

By |2022-05-23T11:26:08-05:00April 24th, 2022|Operations|0 Comments

Borrowers in Bankruptcy Part 3

By |2021-09-28T13:30:36-05:00September 28th, 2021|Featured, Legal|0 Comments

Get the most out of the bankruptcy: Know your rights and what you can and can’t do. As part of a series of articles discussing strategies for private lenders to work with bankrupt borrowers, this piece examines options for getting the most out of your claim during bankruptcy proceedings. When a borrower files for bankruptcy, [...]

By |2021-09-28T13:30:36-05:00September 28th, 2021|Featured, Legal|0 Comments

How Can Private Lenders Help Prevent Borrowers From Getting Scammed?

By |2021-09-13T18:37:30-05:00September 13th, 2021|Advertising, Ethics, Featured|0 Comments

Each quarter, we ask one of our committees to weigh in on a topic. These broad, open-ended questions allow for a wide range of responses to better explore the full scope of an issue. This quarter, we asked our Ethics Advisory Committee to tell us what they think private lenders can (and should!) be doing [...]

By |2021-09-13T18:37:30-05:00September 13th, 2021|Advertising, Ethics, Featured|0 Comments

Don’t Let Relationships Fool You

By |2022-01-14T19:58:30-06:00August 3rd, 2021|Featured, Fundamentals|0 Comments

No matter how well you think you know a person, be sure to perform fact-based due diligence before you make a lending decision. Do you place significant value on your relationships with your best borrowers? If you do, you’re not alone. And because you value those seasoned, well-qualified investors so highly, you—like many institutional private [...]

By |2022-01-14T19:58:30-06:00August 3rd, 2021|Featured, Fundamentals|0 Comments

Recovering Your Investment from Bankrupt Borrowers

By |2021-03-15T15:52:42-05:00March 15th, 2021|Featured, Legal, News|0 Comments

Borrowers filing for bankruptcy is normal, but you must have a good plan and a good bankruptcy attorney to help you get the highest recovery in the shortest amount of time. This is the first in a four-part series about practical steps to take when a borrower declares bankruptcy. This first article provides an overview [...]

By |2021-03-15T15:52:42-05:00March 15th, 2021|Featured, Legal, News|0 Comments

5 Crucial Questions to Ask Before Lending

By |2019-01-07T17:34:23-06:00January 7th, 2019|Strategy|0 Comments

Your prospective borrower’s creditworthiness is certainly important, but also be sure you have a good understanding of their commitment to risk management. Everyone in the lending industry should be familiar with the “5 C’s of Credit”: character, capacity, capital, collateral and conditions. They are the foundational principles that a prospective borrower’s creditworthiness rest upon. In [...]

By |2019-01-07T17:34:23-06:00January 7th, 2019|Strategy|0 Comments

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