In today’s fast-paced and competitive real estate investment market, private brokers are constantly looking for new ways to streamline loan origination and approval processes. This is particularly true for long- and short-term investor clients who rely on fast and flexible funding to succeed in fix and flip and new construction markets.
Innovating operations and creating a more seamless and efficient loan application process for borrowers gives lenders an upper hand over the competition. That is why larger capital lending firms have turned to innovative technologies to streamline lending services for brokers and third-party originators (TPOs).
For brokers and TPOs looking to scale and enhance client-investor relationships while needing structured systems and innovative resources to simplify the loan life-cycle, finding a reliable, forward-thinking capital partner could be the golden ticket to exponential growth and success. Aside from a vast technology suite, a formidable financing partner should provide a full-circle broker-friendly experience with cutting-edge solutions, like snap draws, superior customer support, accessibility, and loan efficiency.
Below, we’ll break down key features, innovations, and processes brokers and TPOs should look for in a capital provider to ensure they find a streamlined loan-originating partner.
Key Features to Consider in a Capital Partner
If you’re a broker or TPO looking to streamline loans and grow your market share with a capital partner, here are some key innovative features to consider:
Automation
In today’s digital age, automation has become a necessity to streamline programs and improve customer support. For real estate originators, this means finding a capital partner that leans into integrating the latest automation tools into its operations, including:
- Loan Origination: Online tools to automate loan applications, underwriting, and approval processes. Less paperwork meangs higher efficiency!
- Loan Servicing Technologies: Automotive tools that simplify and manage loan payments, escrow accounts, and post-closing tasks.
- Document Management: Solutions to digitally store and organize vital documents securely.
Reporting & Analytics: Leveraging automation for insights into team and loan performance, underwriting trends, and customer behaviors.
Customer Support
Customer support should go beyond automation and chatbots. A capital partner should have a knowledgeable and readily available team working behind the scenes to help:
- Streamline loan origination including underwriting, closing, funding, and servicing.
- Provide insights and guidance into key decision-making processes.
- Increase your business operations capacity.
Table Funding Programs
Today, brokers and TPOs looking to enhance opportunities while expanding brand reach and authority turn to capital partners that provide table funding programs. Table-funding lenders act as behind-the-scenes financers and provide brokers with the necessary resources and funding to take on more clients.
The following would be an example of a table funding program:
- A borrower (real estate investor) applies for a business purpose loan for a fix and flip investment project with a private lender (TPO). The TPO represents itself as the capital lender to the borrower.
- Then, the TPO brings the loan to the table funding lender.
- Behind the scenes, the table funding lender underwrites, approves, and funds the TPO’s loan.
- On the surface, the TPO fulfills the due diligence as the lender, while the white-label broker provides the capital for the borrower’s loan.
The anonymity of the table funder enables brokers to maintain authority while building lasting relationships with their investor clients. Additionally, certain table funders will go a step further to streamline loan procedures by spearheading all operational and underwriting loan processes–allowing brokers to focus more energy on finding and securing profitable investor clients.
Snap Draws DIY
Snap Draws are an innovative digital process that makes rehab and construction draws simple and fast. For new build and home flip investors, waiting on funds for work completed once took days, weeks, and even months–and they were left at the mercy and timeline of third-party inspection companies.
Luckily, digital snap draw technology has cut out the middleman, enabling brokers and their investor clients to simply request a snap draw, photograph and upload their work from their phone, and receive funding as soon as the next day*.
For brokers and TPOs, finding a lending partner with a digital snap draw process will streamline loan dispersal while providing you and your clients with enhanced convenience, speed, and transparency.
Roc Capital: Your Capital Partner to Streamline Lending & Enhance Your Business
Brokers and TPOs operating within the private lender network understand that not all capital providers are created equal. In the search for a formidable lending partner, it’s important to look for a capital provider offering the latest innovations in lending, including automated tools, customer support, table funding, and digital snap draws.
Roc Capital is regarded as an industry leader in innovation and client satisfaction. We provide brokers and TPOs with the tools, resources, and expert knowledge to elevate and scale their mortgage business exponentially.
Roc Capital offers loan packages to meet the needs of any of your investor clients, including:
Our White Label Table Funding program helps brokers originate more loans with little to no cash. Roc Capital’s team of underwriting experts works behind the scenes to streamline loan approvals, covering all origination and operational aspects, including:
- Underwriting
- Document creation & management
- Loan servicing
- Wire transfers
- Accounting
- Snap draws
Additionally, Roc Capital’s Full Technology Suite gives brokers and their clients access to innovative tools to enhance operations and streamline loan processes. We leverage the latest in cutting-edge technology to help brokers and investors compare different properties, calculate a property’s ROI potential, and track loan processes.
Roc Capital has also worked to simplify draw proposals with its new Snap Draws DIY technology. Brokers and investors can quickly and accurately price deals automatically from their phones through the Roc Capital web portal or app in three easy steps:
- Request a Snap Draw: Download the app and open it to start the draw process for your current project.
- Snap Pictures: Take pictures from your phone and provide draw info–no third-party inspector is needed.
- Funds Wired: Once approved, funds are wired directly to your client–typically within 24 hours of receiving the photos*.
With 24-hour customer support, a dedicated team of industry experts, and the latest innovations in real estate lending, Roc Capital is leading the charge in loan simplification and efficiency. Whether your clients are looking to rehab and flip, build from scratch, or take on long-term investments, Roc Capital has the financial tools, resources, and knowledge to streamline loan processes, enhance operational efficiency, and help you win in today’s real estate brokerage markets.
If you’re ready to scale your business and grow your investor client portfolio, you need a formidable capital like Roc Capital in your corner. CLICK HERE to get started today.
