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Admin Special With The Admins Of LendCity

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Manage episode 364233927 series 2946763
Content provided by Scott Dillingham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Dillingham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

In this episode, the admin team at LendCity shares insights into the mortgage application process and documentation requirements while providing helpful tips for a smooth mortgage experience.

Key Timestamps:
[0:00] Team Introduction
- Admin team backgrounds
- Transition to mortgage industry
- Learning experiences

[4:30] Application Process
- Initial contact procedure
- Document collection
- Application review

[8:45] Documentation Requirements
- Employment verification
- Proper formatting needs
- ID requirements

[12:30] Income Verification
- Pay stub requirements
- Year-to-date calculations
- Employment confirmation

[16:45] Property Documentation
- Lease agreements
- Property tax bills
- Portfolio management

[21:15] Asset Requirements
- Importance of disclosure
- Creative financing options
- Closing cost considerations

[25:30] Appraisal Tips
- Property presentation
- Value considerations
- Documentation suggestions

Key Strategy Points:
1. Documentation Standards
- Official letterhead requirements
- Non-editable formats
- Document expiration timelines

2. Property Documentation
- Lease verification
- Tax assessment requirements
- Portfolio management details

3. Asset Management
- Full disclosure benefits
- Program qualification options
- Closing cost planning

Contact Information:
LendCity

Important Tips:
- Keep documents current within 30 days
- Ensure clear, complete documentation
- Maintain organized property records
- Present properties well for appraisals

Book A Strategy Call With An Expert On The Team

Support the show

  continue reading

Chapters

1. Introduction and Background (00:00:00)

2. Lessons Learned in the Mortgage Industry (00:00:49)

3. Proper Documentation Requirements (00:04:10)

4. Identification and Asset Requirements (00:08:01)

5. Documentation for Rental Properties (00:09:28)

6. The Role of Assets in the Mortgage Application (00:12:08)

7. Preparing for a Home Appraisal (00:14:26)

73 episodes

Artwork
iconShare
 
Manage episode 364233927 series 2946763
Content provided by Scott Dillingham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Dillingham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

In this episode, the admin team at LendCity shares insights into the mortgage application process and documentation requirements while providing helpful tips for a smooth mortgage experience.

Key Timestamps:
[0:00] Team Introduction
- Admin team backgrounds
- Transition to mortgage industry
- Learning experiences

[4:30] Application Process
- Initial contact procedure
- Document collection
- Application review

[8:45] Documentation Requirements
- Employment verification
- Proper formatting needs
- ID requirements

[12:30] Income Verification
- Pay stub requirements
- Year-to-date calculations
- Employment confirmation

[16:45] Property Documentation
- Lease agreements
- Property tax bills
- Portfolio management

[21:15] Asset Requirements
- Importance of disclosure
- Creative financing options
- Closing cost considerations

[25:30] Appraisal Tips
- Property presentation
- Value considerations
- Documentation suggestions

Key Strategy Points:
1. Documentation Standards
- Official letterhead requirements
- Non-editable formats
- Document expiration timelines

2. Property Documentation
- Lease verification
- Tax assessment requirements
- Portfolio management details

3. Asset Management
- Full disclosure benefits
- Program qualification options
- Closing cost planning

Contact Information:
LendCity

Important Tips:
- Keep documents current within 30 days
- Ensure clear, complete documentation
- Maintain organized property records
- Present properties well for appraisals

Book A Strategy Call With An Expert On The Team

Support the show

  continue reading

Chapters

1. Introduction and Background (00:00:00)

2. Lessons Learned in the Mortgage Industry (00:00:49)

3. Proper Documentation Requirements (00:04:10)

4. Identification and Asset Requirements (00:08:01)

5. Documentation for Rental Properties (00:09:28)

6. The Role of Assets in the Mortgage Application (00:12:08)

7. Preparing for a Home Appraisal (00:14:26)

73 episodes

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