PMF Partners Insights
How Our Business has Changed in 20 years
Originally published in 2019. Specific interest rates, loan sizes, and program details have likely changed since. For current terms, please contact PMF Partners.
How most loan applications are submitted
1999. – Fax
2019 – interactive online application
How we market for leads
1999 – Display ads in business newspapers
2019 – website, blog, Business media platforms, Scotsman’s Guide
How we obtain Appraisals
1999 – U.S. postal service in physical form
2019 – PDF in Dropbox
How we obtain needed signatures
1999 – bring documents to borrower or meet borrower in office
2019 – Docusign
How we close loans
1999. – Buyer, seller, escrow officer, attorney, lender, broker sit around a table and sign docs
2019 – virtual closing with mobile notary
How we communicate 1999 – Telephone, US mail
2019 – email, text, online platform
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