Private Label Business
This page helps lender navigate the process.
From efficiency 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.
System Loan Entry
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.
1) Please email to your account manager or dealsupport@essencap.com. Please provide borrower name, subject property address.
2) Our system allows direct entry Loan Entry Portal
Credit Pull
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.
Credit Authorization
Credit Company Set up
Appraisal
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.
Ryan Andrews
Development Manager
Fastapp Appraisal Management
M: 949.307.1762
O: 949.676.0111 x207
Kim Davis
Onboarding Specialist | NAN
O: 888-760-8899 x 236
D: 813-749-4240
kdavis@nan-amc.com
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.
David Vitale
Clear Capital
Business Development Director
530.550.2114
david.vitale@clearcapital.com
www.ClearCapital.com