Pulling Credit

[David D.]

Do you as a hard money lender pull your borrower’s credit?

I’ve done a few hard money loans but haven’t bothered to pull credit. My borrowers are good repeat customers now so it’s a non issue but I’m wondering what to do in the future. I tried a while back to get set up to pull credit but it seemed there were too many forms to fill out, needed a real street address for my office, they wanted to check my office for locks, no cell phone allowed, etc. I’m wondering if there is an easier way. Any suggestions?