Meet with one of our Investment Executives Call | 1.866.937.6676 or fill in the online form
Schedule your appointment or if you have any further questions.
Step 2 - Pick & Choose or Pass
MOR underwrites and reviews all loan submissions. We will then pair the right loan with the right lender (private individuals such as yourself)
So based on the criteria you set with your Investment Executive, MOR will provide you a TDO (Trust Deed Offering) with various investment opportunities after we underwrite them and make sure that it is a good loan, but ultimately you can pull the trigger or your can pass.
Step 3 - The Package
Once you reviewed the trust deed offering from us and you like it. we will then send you a complete package for your review. This can be set with your Investment Executive, some investors like more and some like less, we even have investors that will allow us to pull the trigger for them due to their busy schedule but we still show them the TDO for their initial okay.
Once you give us the go ahead with the package. We will send you another package for funding the transaction.
What's in the package?
Loan Service Agreement
Lender Disclosure Forms
Step 5 - Signing Loan Documents
We will draw loan documents based on the approved terms between all parties. Client will sign loan documents including a promissory note and a deed of trust. These two items are your security in the property.
Step 6 - Escrow Balances & Funds
You, the lender will be asked to bring your funds directly to escrow in the form for a personal check, cashier check or wire. Escrow will balance the transaction and secure all parties.
Title would record the deed of trust at the County Recorder's Office.
Step 7 - Now What?
You will receive a receipt from the County Recorder that your deed of trust has been recorded. You will also get a copy of the promissory note, the title insurance policy and the fire insurance loss payee.
What about my interest?
You will receive your interest directly into your bank account. You would have this set up in Step 4 when you fill out the loan servicing agreement. You would automatically receive your interest payments monthly until the loan is paid in full. At this point, you get all of your money back.
