Submit Loan Request Online
Submission takes 3-minutes or less. Pick a loan product, then enter the loan request details. It's easy.
Schedule Loan Review Call
Once you submit your loan request online you schedule a loan review call with an ICS Team Advisor. We go over the loan in detail with you, documents required, and provide estimated interest rates.
Present Loan Options to Client
Following your loan review call, you will receive a document checklist and estimated rate rage. You can then present the loan options to your client. At this time, ICS is happy to jump in with your client to explain the process and details of the loan product chosen.
Funding Fee Agreement & Lender Placement
If your client is interested in moving forward based upon the loan options provided, ICS issues the client a Funding Fee Agreement, outlining the terms and conditions under which ICS will arrange financing, including your loan origination fees. The loan is then entered into loan processing and underwriting. At this stage, ICS works directly with the client, keeping you up to date on the status of the loan as we progress towards a Final Lender Term Sheet.
Lender Term Sheet Acceptance
Upon accepting and executing a Final Lender Term Sheet, the client will be required to pay Loan Processing & Underwriting Fees / Deposits to ICS and the Funding Lender. These fees range anywhere from $500 to $15,000 depending upon the loan size and lender. Processing and underwriting deposits cover 3rd party reports, appraisal, and out-of-pocket costs associated with underwriting the loan. The Lender begins underwriting.
Lender Loan Commitment
Once the Final Lender has completed their underwriting, due diligence, and appraisal, a Loan Commitment and scheduled closing date is issued. The loan then closes as scheduled. Independent Loan Brokers are either paid at closing or by ICS immediately following closing depending upon the state and Funding Lender.
BROKER FEES
Independent Brokers earn 1% of the loan amount not exceeding 50% of total loan origination points charged for fully packaged loans including all documents requested and uploaded correctly. Brokers that hand off deals to ICS or are unable to submit fully packaged loans are paid a 20% referral split. Independent Brokers are paid on loan origination points only, no lender paid YSP (if applicable).
MORE OPTIONS
As a National Commercial Mortgage Lending Company ICS leverages our strong, long-term relationships with all sources of capital. This includes Institutional, Alt-A, and Hard Money Lenders. We arrange financing through Fannie Mae, Freddie Mac, FHA/HUD, SBA, Life Companies, Banks, Credit Unions, CMBS, Alt-A Wholesale Lenders, as well as Private Bridge and Construction Lenders. ICS structures, packages, and prices loans which are simultaneously underwritten across multiple capital partners. Our Lenders meet, beat, or counteroffer our asking rate and terms, ensuring our clients attain the best financing available through a competitive bidding process. ICS brokers our loans to the most competitive Lender.
We offer more loan programs than any single lender in the country.
The following loan products are offered at the Institutional, Alt-A, and Hard Money level.
$100k to $250MM+
Our minimum loan size is $100k with no maximum. Loans in excess of $250MM are funded through our Family Office located in Southern California.
Long-Term Permanent Loans
5, 7, 10, 15 and 30-year fixed loans with 15, 25 and 30-year amortization. Partial-term Interest only options are available for select loan products. 30-year fixed terms are typically only available for Alt-A loans under $2MM. Loans are due at the end of the initial term, or can be structured as hybrid loans with a semi-annual variable rate commencing after the initial term period through the life of the loan.
Short-Term Bridge Loans
1 to 3-year fixed and variable rate terms with interest only payments. The loan is due at the end of the term.
Rehab / Fix & Flip Loans
1 to 2-year fixed and variable rate terms with interest only payments. The loan is due at the end of the term.
Ground-Up Construction Loans
1 to 3-year fixed and variable rate terms with interest only payments or escrowed interest reserves. The loan is due at the end of the term.
Evaluating, structuring, underwriting, processing, and placing loans is an intensive and timely process. Instead of hiring your own loan analyst, loan processor, and underwriter, you can submit loans to ICS for funding. We take care of everything for you.