Private Label

All 3rd Party Loan Officers can run their own Credit, CDS and Appraisal report all under COMMERCIAL ELEMENT LLC.

From efficient to market share.

We are delighted to welcome you to our private label business and are eager to build a successful partnership with lenders like you. To ensure an efficient process, please initiate the credit pull and appraisal order once you are ready to proceed with the transaction. Upon completion, kindly finalize the desktop appraisal review.

Details regarding our standard title and insurance requirements are available at https://www.essencap.com/wholesale.

Please note that our private label entity is Commercial Element LLC. We respectfully request that you register for system access with our designated credit company and appraisal management company.

Our focus is on the Debt Service Coverage Ratio (DSCR) program for properties with 1 to 10 units.

If you want to pre-clear the transaction, please reach out to your account manager.

Should you have any questions or require further assistance, please feel free to contact us.

Transaction Entry to Our System Database

1) Please email to your account manager and dealsupport@essencap.com. Please offer borrower name, subject property address.

2) Enter the information in the loan platform.

CREDIT

To enhance efficiency and expedite processing, we authorize our partnered lenders to pull credit reports directly on our behalf. To proceed, lenders must register with our company and assume full responsibility for ordering and managing borrower credit reports, ensuring compliance with all applicable data protection and regulatory guidelines.

Upon completion, please upload the credit report and credit authorization to the loan portal.

APPRAISAL SECTION

To facilitate streamlined processing, we authorize our approved lenders to order appraisals directly. Lenders must be registered with our company and are responsible for selecting an appraiser from our approved panel or in accordance with program guidelines. By proceeding, the lender agrees to manage the appraisal process, ensure adherence to applicable valuation standards, and provide a copy of the completed report for our records.

For 1 to 4 family DSCR product set up account with the below company.

For 5 to 10 unit, no account set up, please reach out as needed.

Loan Officer Sign Up

Credit Authorization

COLLATERAL DESKTOP ANALYSIS

To optimize the underwriting process, we authorize registered lenders to initiate the collateral desktop analysis directly. Lenders must be registered with our company and are responsible for ordering the report from an approved provider, ensuring accuracy and compliance with valuation guidelines. Please submit a copy of the completed analysis for our review and documentation.