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FAQs

FREQUENTLY  ASKED  QUESTIONS
FREQUENTLY
ASKED
QUESTIONS
FAQs

ABOUT US

A: We offer a couple main services; a Loan Origination System for private lenders, and a Loan Management System for commercial mortgage brokers. Additionally, we are partnered with credit and background reporting companies, appraisal management companies and a referral marketplace all with-in our software solutions.

A: The Loan Origination System is $99.99 per month and the Loan Management System is $69.99 per month. Both have a one-time set-up fee and an option for a one-time annual payment which reduces the overall cost.

A: Our skilled team of developers can have your white labeled portal up and running within 1-3 business days. Virtual training is also available before and after the portals are set-up to ensure a smooth transition.

A: The software is a cloud-based platform available to you wherever you have an internet connection. Our Loan Management System is available as an API that goes directly into your website allowing for quick and easy set up.

A: We can integrate with CRM’s, servicing software’s and most other platforms. Additionally, we are integrated with CIC Credit, Lexus Nexus, Private Lender Link, Salesforce, Connections and Appraisal Nation.

A: If a client in our system does not have a lender to fund their deal, they can refer the deal through our Referral Portal partnership with Private Lender Link. Private Lender Link, which has a database of lenders, will review the deal specifics, and suggest any suitable lenders for the deal.

A: To submit a loan request to our Referral Marketplace, click the “Refer to PLL” button in your portal.

A: Bridge Loan Network charges a user fee for the Loan Management System and Loan Origination System.  Bridge Loan Network does not make money on deals closed internally through our platform. Additionally, we charge small fees on credit and background orders and we take a small fee on transactions completed through our merchant account.




HOW TO SIGN-UP

A: To sign up as a Lender with Bridge Loan Network, please fill out this form to request a demonstration of our Lender Portal. A representative will contact you to schedule your demo.

A: To sign up as a Broker with Bridge Loan Network please click here and complete the web form.

A: Training on our platform is conducted virtually through Zoom and can be tailored to your business and team’s needs.  We offer group trainings as well as one on one trainings, with larger group trainings being more time intensive. We’re here to help your team be successful in our software, and that can only be accomplished if they are comfortable utilizing all the features.




INDUSTRY TERMS

A: Private money loans are a specific type of asset-based loans that are secured by real estate collateral. These loans are generally given through private investors or companies.

A: Short term financing which bridges the gap until another financing, typically traditional financing, is acquired.

A: A fee paid by one Private Money Lender to another for referred business. Referral fees are common for commercial loan transactions between hard money lenders, brokers and investors.

A: Loan origination is the process where a borrower applies for a loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds. The loan origination system is an online portal where lenders can process loans, upload documents and communicate with the broker or borrower.

A: The intuitive Broker Loan Management System from Bridge Loan Network digitalizes the process enabling brokers to upload and store their client’s information for their lenders to review.




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