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'When non-QM loans are paired with automated documentation solutions and other technology the process of lending is exponentially accelerated and simplified. By focusing less on financial history and more on the value of properties and their future earning potential, lenders are able to offer more flexible solutions to a wider range of people,' said GoDocs CEO Steve Butler. 'Traditional loans adhere to rigid standards that can disqualify many people who would make perfectly good borrowers. Our mission at Go Docs Go is to provide great care by bringing compassionate doctors and other medical professionals directly to your door. GoDocs' comprehensive guide to non-QM loans provides a detailed look at how they benefit both lenders and borrowers, and why these types of loans represent the future of commercial lending. Non-QM loans cater to this segment of the population while also providing lenders with additional income without taking on unnecessary risk.

While this reform is meant to protect borrowers and ensure compliance among lenders, it has also made it more difficult for a significant portion of potential borrowers to secure loans.

This piece of legislation outlined certain standards and requirements that borrowers have to meet in order to qualify for a loan. While lenders took a hit during the pandemic, the housing shortage is driving more investors to seek out non-conventional loans in order to meet demand.Īfter the financial and mortgage crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. By default, GoDocs includes comprehensive environmental indemnity provisions in the loan agreement. 2,517 Number of Organizations 4.7B Total Funding Amount 623 Number of Investors. Document Management Companies With More Than 1M in Revenue. Edit Lists Featuring This Company Section. Our experienced staff works with you to provide diagnostic and evaluation services to ensure that you receive the best quality care for your medical.

#GODOCS GO MICHIGAN HOW TO#

GoDocs Lender's Guide to Document Challenges for Non-QM Loans: Benefits, how to maneuver, and what the future may bring.Īs the commercial lending market continues to evolve, non-QM loans are becoming an increasingly popular offering among lenders looking to create new revenue streams. GoDocs is the premier online provider of business purpose real estate loan documents nationwide.

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