For Mortgage Loan Officers
From Conventional Loan Officer to Private Money Broker
Real estate investors buy again and again, close in days instead of weeks, and are qualified on the deal instead of their tax returns. Here's how traditional loan officers add private money, hard money and DSCR loans without starting from scratch.
No contract. Keep your old system for 30 days.
What Changes When You Move to Private Money
Traditional mortgage lending
- Qualified on W-2s, tax returns and DTI
- Automated underwriting decides the file
- One time homebuyers who return every few years
- 30 to 45 day closings
Private money lending
- Qualified on the property, the deal and the exit
- Common sense underwriting from private lenders
- Repeat investors who do multiple deals a year
- Closings in days, not weeks
Conventional vs Private Money at a Glance
| Feature | Conventional | Private Money | Private Money HQ helps with |
|---|---|---|---|
| Main qualifier | Borrower income | Property and deal | Investor intake forms |
| Typical client | Homebuyer | Real estate investor | CRM and follow up |
| Repeat business | Occasional | Frequent | Automated campaigns |
| Finding lenders | Set investor list | Many niche lenders | Lenderbase included |
| Software | Conventional LOS | CRM plus private money LOS | Both in one system |
Avoid the Three Costly Mistakes
Don't Over Document
Asking an investor for two years of tax returns kills deals. Collect what private lenders actually need.
Don't Quote Blind
Lenderbase helps you match each deal to lenders who fund it, even without a 10 year rolodex.
Don't Force Conventional Software
Run investor leads, follow up and loan files in one CRM and LOS built for private money.
Get Started Fast
Up and running in about 5 days with full support and ready made campaigns.
Want to see how it stacks up? See how Private Money HQ compares
Questions From Loan Officers
Many do. Business purpose loans to investors are often handled differently than consumer mortgages, but licensing rules vary by state, so check the requirements where you operate.
Start Your Private Money Business With One Place
Up and running in about 5 days · Full support included · No contract