Protect your Accounts from Default
The review process complements the in-house review by your loan officer. Edwards Law approaches the loan much differently than the traditional credit-based review. We use the Solvency-Based Risk Assessment model, which predicts the likelihood of default with much greater accuracy. The process accurately determines the risk of default, as well as measures that can be taken to reduce the risk. Our process will also identify assets to secure, hidden bankruptcies and judgments, inconsistencies in the application, misstated income, and more.
How Much Does It Cost: It costs the lender nothing. Edwards Law charges a review fee per loan application, which is passed through to the applicant as an application fee. Aside from keeping your costs down, this provides a practical risk management check from the start of the loan process: if the applicant can’t pay the application fee (typically less than the proposed loan payment), the applicant will not be able to afford the loan payment.
For more information, please see Mr. Edwards’ article on Solvency-Based Risk Assessment for a discussion on the methodology and development of the model.
Call us today to discuss how we can help: (757) 812-5845