Vetting Note Originators

[Dustin DeSmith]

I was speaking with a lender of newly originated/performing notes. All of what he is offering sounded like what I would like to invest in currently. Person is BP member and Company has been around a number of years so I contacted him. All seems well, what else should I look into to make sure anyone I am purchasing from is compliant and all that fun stuff. "I'm sure this seller is good but for future ones, also trust but verify."

Also quick question, I know how to do due diligence on a NPN but not much to be found on the performing space any help here would be appreciated.

Thank you very much for your time, and happy investing.

Cheers, Dustin

[Bob E.]

@Dustin DeSmith  Dodd Frank is for consumers so if the property was sold to an investor ask for a certificate of non occupancy when the sale took place.  Ask for the documentation, for the loans we did with DF there was a LOT of Dodd Frank documentation done by our RMLO, it should be pretty obvious if they are trying to fake it.