At Residential Capital, employees work hard to set the company apart from other hard money lenders by focusing on those areas that are most important to the customers.
Residential Capital has been in the real estate and lending business since 1997, and has helped thousands of homeowners throughout California to meet their financial needs. The company specializes in non-prime, non-FICO-based loans for borrowers with poor credit, or in foreclosure or bankruptcy.
Residential Capital continuously develops and invests in state-of-the-art processes and technologies that save brokers time and enhance their productivity. The company’s online Loan Management System allows mortgage brokers to submit loans electronically, view up-to-the-minute status, and upload conditions online, so that brokers can fund more loans with less effort.
Residential Capital Account Executives, located throughout California, meet with customers on a regular basis to review loan programs, address any questions and help with loan submissions. And, they have a dedicated operational team behind them to assist brokers throughout the loan funding process.
Residential Capital loans money from a California Department of Corporations licensed mortgage pool. As a privately-owned direct lender, the company does not have layers of bureaucracy and does not have to rely on the secondary market to make decisions. Therefore, Residential Capital can be more responsive and can get broker approval and funding answers quicker.
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