Hi Michael, it depends on the loan product/type and the corresponding guidelines. 

On our home page lendingwise.com you can take an interactive demo of the system:  Product Tour

It's a wholesale product, so reach out to a good mortgage broker in your state to help.

You want to sell a product that doesn't exist.Set up your business first, then start marketing and finding clients.

Fortunately, our software provider continues to improve their product and allow owners to select alerts they want and don't want.Next, we've asked our software provider to add a feature that would allow our owner clients to select from: Immediate Alerts, Daily Alert Summary, Weekly Summary, Monthly Summary.Of course, we call owners when there's a critical issue.

I feel like a lot of these "cash" transactions are a product of homeowners sitting on record equity.

If your plan is to flip we help create a product that will sell quickly. 

While doing that, try out their customer service and see who is friendly and knowledgeable about their product, and who answers the phone.  

This doesn't mean they are great deals, generally, in the syndication space as it is known on BP, real estate is the product, but marketing is the business.

There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.