As a lender, deals come across your desk often and all of them require risk evaluation, but where do you find answers to determine the level of liability of this new loan? When a five-point due diligence search is added into the pre-funding strategy, the financial status of a prospective debtor reveals a clearer picture, lessening the unknowns.
Whether it be via email or in person, we often have people ask us “Is this what you do?” or “I heard this.” So today, we are going to be debunking some of those myths for you! Be sure to reach out if you have any questions regarding our myths: firstname.lastname@example.org
After more than 30 years in the public records research industry, Capitol Lien has grown many Due Diligence Gurus in-house. These tremendously knowledgeable people work hard every day ensuring no stone is left unturned and data is as correct as possible from the source.
If you are here reading this blog article then you’ve likely taken your bank through some unprecedented times. Thankfully, for most lenders, you were in a decent place in terms of capital levels when the pandemic occurred. However, there are many new considerations as a result of these difficult times to help guide how things proceed.
It has felt like a trial of sorts over the past 3 months of our lives. A trial to see how well we come together over the hurdle of a microscopic problem. This hurdle in comparison would put Mount Olympus to shame. We were asked to abandon our everyday lives and adapt to a new way of life.
The time for transitioning from the London Interbank Offered Rate (LIBOR) is quickly approaching with the looming May 2021 deadline and there are things for your lending group to consider in the meantime.