Keep reading to learn more about our platform, including our easy-to-use tools that help lenders find their next client.
How Each Lender Can Benefit From PropStream
Whether you’re a traditional, hard money, or private lender, PropStream has a long list of impressive datasets to help you get ahead. Let’s take a closer look at each of these.
Traditional lenders can use the search feature with filters like ownership and mortgage information to determine owner type, ownership length, mortgage history, estimated loan balances, and LTV (loan-to-value) ratio to locate these types of investors.
With historically low interest rates at the moment, a homeowner may also want to refinance their current loan to lower their monthly payment. Traditional lenders can use search filters to locate homeowners who financed their purchase when it is estimated that interest rates were much higher. Again, the mortgage info filters within the search feature are perfect for this.
When a lender saves a property, they can find loan information under the “My Properties” tab in PropStream. Using PropStream’s Skip Tracing feature, they can then obtain key contact information (phone numbers and email addresses) to reach out to these potential new clients and offer their services.
Hard Money Lender
PropStream has several helpful tools to locate fix-and-flip loan candidates quickly and easily. Hard money lenders can start by using the Flipper Quick List option or by finding properties that have been owned for less than 24 months and are in the process of selling it. They can then contact these investors to see if they would be interested in purchasing another property with their financing since their current investment is almost finished.
Take Your Lending to New Heights
If you’re a lender looking to find fix-and-flippers, commercial real estate investors, or current homeowners wishing to refinance their loan, PropStream provides the accurate and reliable tools you need to help expand your clientele.
Start your 7-day free trial today to see first-hand how you can boost your lending business!