Our Funding Process
"Our Innovative Funding Experience Was Built to Grow Your Real Estate Business"
Our Process...
CMC’s Private Money Lending Advantage…
- Skip the Rigorous Loan Hassles from Traditional Banks & Mortgage Companies
- Avoid the Confusing, Stressful and Lengthy Loan Process
- 14 Day Funding Without the Traditional Financing Hassles
- 7-Day Processing, 2-Day Underwriting, 2-Day Agree to Fund, and 2-Day Closing
- No Income Verification, Tax Returns or DTI Ratio Requirements
- Light Documentation: No More Gathering Mountains of Endless Paperwork
- Fund Your Fix & Flip, Ground-Up, SFR, 2-4 Unit & Multi-Family Properties
- Gain the Confidence, Competitive Edge & Speed to Close More Deals
At Chambliss Mortgage Capital (CMC) our goal is to help you avoid the traditional stressful, confusing and lengthy loan process with our streamlined funding experience. We do things differently from traditional banks and mortgage companies from start to finish and beyond the closing. See our funding process in action below…
Your CMC Relationship Manager will learn about your goals, assess your credit & liquidity, establish proper expectations and discuss your funding options tailored to your real estate business.
We gather as much information up front as possible giving us the rocket fuel to fly through the loan process.
This is where we need your help getting all your documents in as quickly as possible. You will provide your relationship manager with all the requested light document such as Identification, Bank Statements, Business Articles of Organization, etc.
We partner up with the best 3rd party appraisal management companies that provides appraisal reports as quick as possible.
Our loan process is goal-driven rather than deadline-focused. Traditional lenders just work towards a closing date (i.e. a deadline). This typically leads to rushing around hours before closing or even missing the closing date. At CMC we try to avoid the last minute craziness by working towards a 7-day goal. Our 7 business day loan process is unique so it gives our borrowers the competitive advantage to close more deals faster.
Once all the documents have been received by the processor, the loan is then moved to Underwriting. Within 48-hours the Underwriter will review your loan and verify that all guidelines and conditions have been met. If any items are missing or if the underwriter needs some clarity we will request the additional items (no alarm or worries) but if all conditions are met then the file is moved to the “Committee” to officially issue an Agree to Fund (ATF).
Once reviewed by underwriting, the committee approves the deal within 48-hours and sends out an Agree to Fund (ATF) that outlines the final terms of the deal. The file than moves to our closing team where we will confirm the insurance coverage with the insurance agent, confirm the closing date with the title settlement company and begin creating the closing documents.
We work closely with the title settlement company and closing attorney to balance the numbers (i.e. confirm the total funds needed for the closing) and assemble the final closing settlement statement and loan documents. All the steps we completed leading up to this point ensures that the closing is a smooth experience without the last minute craziness. Now, you can enjoy the moment.