Identifying Hidden Self-Help in Renovation Loans
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Identifying Hidden Self-Help in Renovation Loans
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A renovation project may appear to have every intention of being completed by a qualified contractor—until someone inadvertently discovers the borrower plans to complete part of the work personally.
In this episode of renovatED for Lenders, Jennifer “The Reno Gal®” Goldsby explains how hidden self-help can surface through conversations with the borrower, contractor, or Consultant, and why it should never be treated as a minor change to the project.
Jennifer discusses warning signs mortgage loan officers and loan processors should recognize, why verbal conversations are often more revealing than emails or text messages, and what to do when hidden self-help is discovered.
Sponsored by Land Gorilla
renovatED for Lenders is the podcast dedicated to helping mortgage lenders build, improve, and scale successful renovation lending platforms.