Background and credit checks

[Joshua Kaufman]

Hi All,

I have a company that writes mortgages for those flipping or rehabbing properties. As part of our due diligence, we run background and credit checks on the borrowers. Does anyone have any input or suggestions on how to do this. Currently we use a company that uses a third party verification so even though we get the paperwork signed by the borrower that gives us permission to run these checks, they still need to approve, and pay for, the check through the site. I'd like to avoid having to bother them to do so and take the cost in-house. Thanks for the help.

[Arick W.]

Just out of curiosity, how come you'd like to take on that extra expense? I found for me, probably because of my tenant class, that everyone wants to apply when they don't have to pay for it. I guess I kind of use it as a weeding out mechanism.