Lending, Brokering, or Servicing Licensing Requirements and their Exceptions
Thankfully, only a handful of states require a license to lend or to broker or service a loan, but when a license is required, strict compliance is absolutely essential. Failure to comply can result in being prohibited from lending, brokering, or servicing in that state, a significant penalty. This article will explain general licensing applicability, common exceptions, […]
Private Lender Link Teams up with Lightning Docs to Provide State-Specific Interest Rate Data
SAN JOSE, CA – JANUARY 16, 2023 – Private Lender Link, a leading platform for connecting people with private lending companies, today announced a partnership with Lightning Docs, a fully automated, cloud-based loan document software, to provide data on the average interest rates for private mortgages secured by investment real estate throughout the country. The new partnership […]
How Fortra Law Firm Prepares Loan Documents
Certain States Have Exceptions to Their Licensing Requirements Private Lender Link’s CEO, Rocky Butani, visited the Lightning Docs office in July 2023 to interview Dennis Baranowski about preparing loan documents. Private money lenders need to understand the process and requirements they need to follow, whether they are having a law firm prepare the documents or […]
Complexities Private Lenders May Experience When Using Software to Prepare Loan Documents
The Complexities of Drafting Loan Documents With Software Private Lender Link’s CEO, Rocky Butani, visited the Lightning Docs office in July 2023 to interview Nema Daghbandan about some of the complexities private lenders may come across when using software to generate documents for private mortgage transactions. See the full transcript: Complexities Private Lenders May Experience […]
Navigating State Licenses in Private Lending
Certain States Have Exceptions to Their Licensing Requirements Private Lender Link’s CEO, Rocky Butani, visited the Lightning Docs office in July 2023 to interview Dennis Baranowski about how private money lenders can take advantage of some license requirement exceptions in certain states. See the full transcript: States that Require a License and How Private Lenders […]
What are the Risks Associated with Loan Document Software vs. Consulting a Law Firm?
Software vs. Law Firm: A Risk Analysis Private Lender Link’s CEO, Rocky Butani, visited the Lightning Docs office in July 2023 to interview Nema Daghbandan about the risk analysis of using software instead of a law firm to prepare loan docs for private mortgage transactions. Check out the interview below: Check out the full transcript: […]
How Do Private Lenders Approach Loan Documents?
Loan Documents for Private Mortgage Transactions, Demystified Learn about how various private lenders approach loan docs for funding private mortgage transactions (aka hard money loans). Private Lender Link’s CEO, Rocky Butani, visited the Fortra Law / Lightning Docs office in July 2023 to interview Nema Daghbandan. Check the interview below: Check out the full transcript: How […]
Compliance Considerations for Private Lenders to Lend Nationally
Lending nationally? Here are key compliance considerations Private Lender Link’s CEO, Rocky Butani, visited the Fortra Law / Lightning Docs office in July 2023 to interview Dennis Baranowski about compliance considerations for private lenders that want to lend on a national scale. Check out the interview below: Check out the full transcript: Compliance Considerations for […]
Do Private Lenders Need an Attorney to Prepare Loan Docs?
Attorney or loan doc software: which to choose? Many private lenders try to avoid hiring a law firm to draft loan documents for all the loans they fund. In some cases, it makes more sense to use an automated loan documents software, and in others, it may be better to get an attorney involved. Private […]
Nema Daghbandan, Esq., Appears on CMBA’s Connect Podcast
Connect is a podcast by California MBA (CMBA) featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. Lightning Docs CEO and Fortra Law Partner, Nema Daghbandan, was featured on the show in June 2023. Check out the interview below: