Test - Canadian HR Reporter


Canadian HR Reporter is the national journal of human resource management. It features the latest workplace news, HR best practices, employment law commentary and tools and tips for employers to get the most out of their workforce.

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When you are looking to submit a deal to a private lender, its important to review your client's application in full detail and provide a comprehensive submission with clear, detailed, and accurate notes. To assume a private lender will advance funds "no questions asked" is only going to delay your application, or cause issues later on when surprises come up. Your client will never get the best pricing this way, either! Speed up your closings by providing documents upfront: deals@cmiloans.ca 888-465-8564 www.canadianlending.ca Use of Funds: Debt consolidation, purchase, title transfer, etc Application Recent Credit Report Creditor Payouts Security information: (Including but not limited to) Civic address and/or legal description mortgage statements, property tax statement, and recent status certificate (if a condo) Co-Applicant Information Income Verification Documents (i.e. pay stubs, employment letters, NOAs, etc) HOW NOT TO SUBMIT A DEAL Anything without supporting documentation, incorrect calculations, or applications that aren't properly reviewed, will cause serious delays in the process and headaches for all parties involved. So let's make sure we have everything right up front! Here are some examples of how everyone's time can be wasted without proper review of submissions. Example 1 - Incomplete submission • No application • No credit bureau • No P&S agreement • No proof of down payment • No reason as to why income is not qualified Hello Patrick, Hope you are well, Here are the details for a new incoming deal: Closing date: Aug 20, 2018 Price: $1,900,000.00 Down Payment: 25% It's First- me buyer. And the Credit Score: very good The Income: not qualified. Can you review it and give me your Fee and rate, please? Thank you,

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