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Updated about 19 hours ago on . Most recent reply

How to make sure a DSCR lender is legit
I found a property I will be closing on shortly, and am about to finance the deal, but before I proceed any further I want to make sure I am selecting the right financier to assist with the lending portion.
I found somebody on google a couple years back, kept in contact with him, and am leaning towards using him for financing the DSCR loan. I already gave him an application and he ran my credit once, so he has all my information, some sensitive information.
I am a bit hesitant, and maybe rightly so, maybe not, because I actually have never met him. I just found him on google. How can you vet somebody and make sure they are legit?
I can provide the name of the company, I am just not sure if its appropriate to list them on a public forum like this as if they are legit, which they very well may be, I don't want to slander them.
Any advice/thoughts would be greatly appreciated
I found somebody on google a couple years back, kept in contact with him, and am leaning towards using him for financing the DSCR loan. I already gave him an application and he ran my credit once, so he has all my information, some sensitive information.
I am a bit hesitant, and maybe rightly so, maybe not, because I actually have never met him. I just found him on google. How can you vet somebody and make sure they are legit?
I can provide the name of the company, I am just not sure if its appropriate to list them on a public forum like this as if they are legit, which they very well may be, I don't want to slander them.
Any advice/thoughts would be greatly appreciated
Most Popular Reply

Devin Peterson
#1 Private Lending & Conventional Mortgage Advice Contributor
Lender
- Lender
- Sarasota, FL
- 614
- Votes |
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Referrals, google reviews, social media, phone calls, and most importantly, an NMLS number!
Doesn't hurt to have a bigger pockets account either lol!
I would recommend talking with an experience loan broker who can help you compare the terms across a wide variety of lenders!
- Devin Peterson
- [email protected]
- 860-538-3672

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