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03-15-2017, 03:47 PM #1
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
CA lenders A-B paper only (without CFLL)
Looking for good CA lenders that will pay brokers without a california lenders license. A-B paper just 1st and possibly 2nd positions.
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03-15-2017, 03:48 PM #2
- Join Date
- Jul 2015
- Posts
- 215
CA lenders A-B paper only (without CFLL)
Anyone who uses bofi (national/ondeck/Bfs)
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03-15-2017, 04:32 PM #3
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
GRP Funding
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03-15-2017, 08:55 PM #4
GRP goes through BFS Capital who in turn uses Bank of the Internet to place loans. There are a handful of direct lenders who partnered with Federally Chartered banks that allow them to bypass the Licensure requirement in California or other states as banks have different laws. Bank of Lake Mills, Celtic Bank, Web Bank, Bank of The Internet , Community Bank of the Bay, Mission Valley, etc etc are just a few that balance sheet companies are using to place loans in certain states.
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03-15-2017, 10:06 PM #5
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
CA lenders A-B paper only (without CFLL)
Isn't GRP gone now. Completely absorbed by BFS? The old GRP office I dealt with is now just BFS
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03-16-2017, 10:37 PM #6
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
No. They are still around and have been giving me some great offers.
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