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Updated over 4 years ago,

User Stats

23
Posts
8
Votes
L R Wadsworth
  • Contractor
  • Beech Island, SC
8
Votes |
23
Posts

Do I need a DUNS number?

L R Wadsworth
  • Contractor
  • Beech Island, SC
Posted

I’ve been approached to build a home but the buyer needs lending. I filled out all the request forms from their lender (as if I were the one getting the loan) and have been denied as their builder. They ran background checks, reference checks, I had to draw up what looked like a very detailed resume, and even went back through my previous jobs with listed values and extent of work. I’m told all builders who wish to build for homeowners with lenders go through this process. Most of the jobs like this that I’ve done in the past were cash jobs or refinance type funding. I fill all the experience requirements with being a licensed builder for 16 years, paying my bills, etc.... I’d like to be approved with a lender because I’m approached more often these days to build with a lender.