EXCLUSIVE, ONE-TOUCH PROTECTION from low appraisals
Complacency is Fatal.
A Backup Lender Secures the Sale:
Use FUNDED's Double-App AAAA
Home builders have deep corporate support. They double-app every purchase with their "in-house" lender. Brokers & agents don't have this protection, until now.
Never escrow without a backup lender.
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• FUNDED coordinates a double-app for two simultaneous loans. If appraisal or loan problems arise, the back-up lender closes without interruption.
• FUNDED finds buyers the best offer on market, and keeps the original pre-approval lender in-process. Buyers don't switch or replace lenders. We don't interfere with your financing progress, we add value to it by preparing a back-up loan.
• FUNDED is an outside 3rd party that micro-manages lenders, start to finish. We save agents from loan babysitting, so they can focus on their next deal.
What is FUNDED?
FUNDED is neither a lender nor broker, we're an auction platform for mortgages. We display the buyer's loan search so lenders can competitively bid. We introduce the best-priced lender and manage them for the fastest closing. As an auctioneer we facilitate everything between buyers & lenders. We save REALTORS® from loan babysitting so you can focus on the next deal. Learn more on our home page.
To buyers, what is FUNDED?
FUNDED is neither a lender nor a broker; we're an auction platform for mortgages. We display the buyer's loan search, so lenders can competitively bid. We introduce the best-priced lender and manage them for the fastest closing. As an auctioneer, we facilitate everything between buyers & lenders.
Prove your worth to the client and share our value on the loan side of things. See what we tell buyers on our home page.
Upon offer acceptance - or if imminent - send the buyer to meetFUNDED.com
• There are no obligations/credits checks for buyers to see auction-winning rates, so they won't hesitate to look, and they'll be compelled to pursue the winning lender and secure a backup.
At Contract:
• BUYER AGENT: Make your offer stand out. Show the seller you'll use FUNDED to double-app and protect the escrow, especially if the buyer wants contingencies. Educate the buyer regarding backup loans/low appraisals, especially if there are NO contingencies.
• LISTING AGENT: Insist that buyers double-app to protect escrow. Suggest FUNDED as the best path. Buyers will get the best loan rate on market, and all parties get a 3rd party to audit lender performance.
• Rush Escrows - An appraisal inspection and loan approval can be issued within 3 business days. We'll ensure final approval and docs at title within 8 business days.
Double-App: Protect Buyers, Sellers, and Your Hard Work
integrate diligence AND DISPLAY MASTERY
Buyer's Agent
Protect your buyer from low appraisals and underwriting declines with a simultaneous backup lender. We'll introduce an exclusively low, auction-winning loan offer. The original lender will stay in the process as a backup. All parties and agents get the escrow protection that comes with a "double app."
*The original pre-approval lender will be exposed to extreme loan price competition.
How?
Upon purchase offer acceptance, or if imminent, direct buyers to meetFUNDED.com. There are no obligations or credit checks to see the best offer on market, so buyers won't hesitate to look. Inform all parties that you're protecting the sale with a backup lender; this makes the offer stand out. Educate the buyer about the possibility of a low appraisal.
We'll keep the original pre-approval lender active as a backup in case of a low appraisal or loan failure. FUNDED manages everything regarding financing until closing.
We have purchase offer acceptance (or it's imminent).
Initiate the double app - direct buyers to meetfunded.com.
You've decided it's OK if the pre-approval lender gets shopped.
My buyer isn't pre-approved yet, so I need a lender now before placing offers.
Your buyer isn't ready for our auction platform until there's an accepted offer OR imminent acceptance (lenders can't secure their best offer before a property exists). Do you have a loan partner who is ok doing a pre-approval knowing they'll get shopped? Maybe you have a loan officer that owes you a ton of favors. Big brand pre-approvals from a local Wells Fargo or CHASE work well in getting offers accepted.
There are scenarios where FUNDED may not work well. Read below ↓
(1) The pre-approval loan officer introduced me to the buyer.
We don't advocate using FUNDED here. Without the full story, it seems like that's their buyer, so it would be wrong if they shared business with you and they lost the loan, right?
(2) Rare Scenarios
• We can't help buyers who need unique mortgages. We don't work with lenders who offer non-qualified mortgages, sub-prime, stated-income, credit repair, nor down-payment assistance.
• Some builders and wealth management banks offer super-attractive incentives. They're committed to keeping the loan in-house. We detect this early on and tell the buyer to proceed without us.
• Some buyers are savvy or have technical mortgage experience to shop for their loans. Others are just lucky to already have the best offer without us. Either way, great job! We wish you a smooth closing!
(3) My buyer has issues getting approved.
We're happy to help! But we'll hold off on launching an auction until we have loan approval confidence. We'll locate lenders that can get the job done. 10% down JUMBO flexibility? Low asset reserves? High DTI? Credit score below 680? If an issue is isolated, these are challenges we can help overcome.
My buyer is asking about agent rebates, can FUNDED help here?
Have FUNDED's lender cover closing costs instead. We'll get significantly more lender credits at the same interest rate as the pre-approval lender. Our service fee is $1,490 - you have the option to credit the buyer on the expense, but the suggestion alone will save them significant money.
Listing Agent
Protect sellers from low appraisals and loan failures with a simultaneous backup lender. Seal the deal and get on record!
Our auction platform forces reputable lenders to compete, and we introduce the best offer on the market. But we keep the original pre-approval lender in the process, so two loans get underwriter-approved. If one fails, momentum remains, and closing stays on track.
"Sounds good, but how?"
At negotiation, require the buyer's team to get a second loan offer at FUNDED's daily auction. Soft-close by asking the buyer's agent, "What happened on your last deal that had a low appraisal or an underwriting suspension?" Advocate for your seller and insist; we make it easy for you. Direct buyers to meetFUNDED.com. There's no obligation or credit check to see an auction-winning loan offer, so they won't hesitate to look.
We'll keep the original pre-approval lender active as a backup in case of a low appraisal or a loan failure. FUNDED will manage everything on the financing side until closing.
How does FUNDED help with seller paid credits and rate buy-downs?
At the same interest rate, our lenders have more credits than whatever the pre-approval lender is offering. And compared to usual lenders, our auction-winning loans have interest rate buy-downs built in. Want to buy down more? The buy-down fee to reach a specific target rate is thousands cheaper compared to others. So if your seller is paying the buy-down, that savings is theirs. Use us to minimize seller concessions.
Our service fee is $1,490. You have the option to credit the buyer for the expense as a negotiation tool, but the suggestion alone will save them significant money.
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"I’ve known the founder of FUNDED for a long time and he’s helped me on deals for over a decade. This new invention is a game-changer for rate shoppers."
"FUNDED saved us from a low appraisal and got my buyer 0.75% off their rate."
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"For buyers wanting the lowest rate or for my closest clients looking for a refinance, I always check with FUNDED."
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