As you know, our system has the ability to track your client’s loan from beginning to end. However, we are constantly striving to add more features in order to decrease the amount of work involved for all parties and increase closing efficiency. That’s why Bridge Loan Network is excited to introduce our newest feature, the ability to pull credit history!

The credit check is good for 90 days. What that means is your client’s credit doesn’t have to be ran multiple times by multiple lenders. Bridge Loan Network will run the report once and keep it safe and sound on our system for 90 days so it can be seen by the multiple lenders on our site. One credit check means not only will your client save money, but it will help to maintain their credit score.

Lenders, when we say browse completed loan packages, we mean it! This feature allows you to quickly determine if the borrower’s request meets your criteria. It also saves you time, no more asking for, or waiting around for credit scores to be checked. It’s all right here, in our loan origination system!

Lastly, payment for the credit check is also processed through our system allowing you and your clients to truly keep all documents in one, safe spot. Join us today if you’re looking to introduce a new way of closing hard money deals to your clients. Contact us for help getting started.

The Bridge Loan Network lending portal is robustly unique. With just a click of a button brokers can submit loan packages that can be viewed by multiple lenders. Lenders, these deals must be fully completed before they are let into our portal meaning you don’t have to waste your time tracking poor leads. Our goal is to help lenders and brokers come together to get deals done, so we’ve put together this list of tips for how to best utilize our platform to be profitable.

Brokers:

Take a look at the list of items needed for 24-hour underwriting. Once you have these documents ready to go, head to the lending portal and submit the paperwork. The best part is, you only have to submit the loan package once and then it can be viewed by multiple lenders.

Like we said, our system is robust. The more information you provide, the better chance you have at capturing a lender’s attention. Make sure you are as thorough as possible. Include as much information about the loan request as possible. For example, don’t forget to specify the loan type, amount, purchase price and very importantly the borrower’s contribution and credit.

Lenders:

Time is money. Don’t wait for opportunities to come to you or waste time looking at poorly sourced deals. Log in daily to see multiple broker-submitted loan packages all in one place. Choose deals that are right for you and streamline your internal process. No more searching for paperwork, or requesting last minute information. Everything you need can be quickly accessed anywhere you have an internet connection.

Contact us today to demo our software and to learn about the features that can reduce your work load to make you more profitable!