Bankers need Validated Contractors for Renovation Loan projects

Banks that offer Renovation Loans are basically loaning money on something that does not exist yet. This makes the loan basically worthless if the finish product is not created. Plus many times funds are advanced to the contractor before the work is complete. This adds a level of risk to the loan. This is why lenders need quality, reliable, stable, organized and experienced contractors for these projects.

The banks require the contractors to go through a VALIDATION process to become eligible to work on the project. We train, educate, support and provide client & contractor introductions for the lending industry.

The banks require the bid in a particular format. This allows the underwriter, appraiser and all other parties involved to understand what the finished project will be, even if they have very limited construction or renovation experience.

Our Renovation Consultant ORDER PORTAL makes it easy for lenders to place an order

Lenders have stringent compliance requirements and liability exposure if they refer or recommend contractors.

Due to this risk many lenders do NOT refer or recommend contractors.

This is why MAKEOVER has build an easy to use and COMPLIANT way the lenders can direct clients to us without making a recommendation. TWO WAYS WE MAKE IT EASY

ORDER PORTAL - CLICK LINK BELOW

Consultant Assignment Portal

Realtors need reliable Contractors for their Renovation Loan clients

Realtors and their clients are always on the hunt to find the perfect home. However the reality is that most buyers want to make changes to the home they find. Having trained contractors ready to perform quickly just like seen on HGTV makes it easier for them to help their clients turn the "Almost Perfect Home" into exactly what the client wants by using the MAKEOVER MORTGAGE process, which allows them to Roll Renovation Costs into the mortgage.

These clients need FAST & ACCURATE bids in order to keep the buying process moving along and closing on time. These clients are typically NOT looking for the lowest bid. They are looking for a trusted contractor that can move quickly, understand the process and do quality work. The data shows that clients borrowing renovation funds typically spend more and typically are less cost concerned. Plus they need to pick a contractor that can be or has already been VALIDATED with their lender.