Fix-and-flip / bridge loan program for brokers

This step is important because it provides an initial evaluation of what your client might qualify for in terms of borrowing with a soft credit pull that doesn't harm their credit score. Use this opportunity to gain insights on the loan amount your client might be eligible for, which can significantly streamline the buying process. 

The application process is fast and easy, only taking about 15 minutes to complete. Once you've submitted your application, our team will promptly review it. Our tech-driven platform makes managing loan applications and tracking progress fast and easy. 

Underwriting sets the loan's expectations and ensures compliance with Kiavi's guidelines. Your loan can only proceed with a complete valuation, the preliminary title commitment, estimated fees, tax certification, and payoff details (for refinances).

Kiavi's team carefully examines the project's Statement of Work (SOW), inspection report, and market data to determine the After-Repair Value (ARV). This in-depth analysis ensures the project's viability and investment potential and provides a precise loan amount that aligns with the project's future market value. This process not only secures accurate financing but also supports brokers in guiding their clients toward sound investment decisions with a clear understanding of the project's potential returns.

In this critical step, Kiavi's seasoned team of underwriters meticulously reviews the entire loan file. The underwriter's role is to assess risk and confirm the loan's viability, providing brokers and their clients with confidence in the loan's approval. This thorough evaluation process plays a key role in getting to the closing table with assurance.

Once the underwriting phase is successfully completed, the process moves towards closing. This final stage involves coordinating with all parties to gather necessary documents, finalize terms, and set the closing date. The aim is to ensure a smooth and fast closing, enabling real estate investors to proceed with their projects without delay. For brokers, understanding the closing timeline and requirements allows you to prepare your clients effectively, ensuring a seamless transition to project commencement.