Note Creator Blueprint™
Investor Deal Submission and Review Process
Please READ CAREFULLY!
These instructions will answer all your questions
on how to submit deals!
General Questions
ALL questions should be directed to admin@usahomepartners.com
o STEP 1: Submit a Completed
Note Creator Blueprint™ Modeling Calculator
PLEASE COMPLETE THE FOLLOWING STEPS BEFORE SUBMITTING:
a ∙ Make a COPY of the current version of the Note Creator Blueprint™
Modeling Calculator. MUST use the current version at cashflowdealmachine.com.
b ∙ Complete the Note Creator Blueprint™ Modeling Calculator for your property. See training video at link inside the calculator for instructions.
c ∙ MUST rename the file as described in the training video inside the Note Creator Blueprint™ Modeling Calculator
d ∙ Share the Completed Note Creator Blueprint™ Modeling Calculator for your property from Google GDrive AND grant FULL ACCESS and EDITING privileges. MUST share to the CORRECT email address – admin@usahomepartners.com
e ∙ Also (to make sure we see your deal) copy the Share Link and send it in an email to admin@usahomepartners.com. MUST include full address in email Subject Line when submitting.
Email subject line: Deal Submission:123 Main St., Dallas, TX 75944
o STEP 2: Your Note Creator Blueprint™ Modeling Calculator Review
Once we receive your Note Creator Blueprint™ Modeling Calculator, we will schedule a time to review your deal and answer any questions.
Upload the required documents – See below.
NOTE:
o MUST use USA Home Partners LLC for Transaction Management
o MUST use approved title company for closing (we will assign one if needed)
o MUST use approved RMLO for underwriting (we will assign one if needed)
The transaction management team will order an appraisal of your property’s current value. This is needed to be sure the property value is still equal to or greater than the sales price. If the value comes in low, we may present a revised offer for consideration.
The appraisal can be ordered while the search for a buyer is underway. The seller will be invoiced directly for the appraisal and will be responsible for the payment in full, regardless as to whether or not a transaction is completed.You will receive a payment link for the appraisal via email.
o STEP 5: Find a Buyer and Provide
Preliminary Documents
Once a buyer is found for your property, the following documents are required to open title and start the RMLO process…
If your property is not listed on the MLS and you need help selling your property, please email admin@usahomepartners.com for assistance.
● Purchase Sale Agreement
● Copy of Buyer’s ID (contact info should be provided as well) name, email, phone, address
● Proof of earnest money deposit
● Seller’s Disclosure
● Lead Based Paint Addendum (if required)
● Property Photos
● BPO or Appraisal
WHEN A BUYER IS FOUND FOR YOUR HOME
a ∙ Make a COPY of the current version of the Note Creator Blueprint™ Modeling Calculator.
MUST use the current version at www.cashflowdealmachine.com
b ∙ Complete the Note Creator Blueprint™ Modeling Calculator for your property. See training video at link inside the calculator for instructions.
c ∙ MUST rename the file as described in the training video inside the Note Creator Blueprint™ Modeling Calculator
d ∙ Share the Completed Note Creator Blueprint™ Modeling Calculator for your property from Google GDrive AND grant FULL ACCESS and VIEW ONLY privileges. MUST share to the CORRECT email address – admin@usahomepartners.com
Email subject line: Note Creator Blueprint™ Deal Submit – 123 Main St., Dallas, TX 75944
o STEP 7: Submitting Agreement for Underwriting & Transaction Coordination After you signed your Consultant’s Agreement, you received your secured link to upload documentsCheck with your Note Creator Blueprint™ Consultant if you need that link again…
PLEASE COMPLETE THE FOLLOWING STEPS
BEFORE UPLOADING DOCUMENTS:
The following PRELIMINARY DOCUMENTS are required when you submit a deal with a Buyer for processing. These docs should be clearly named using the following naming convention…
Naming convention for document files: Property Address – Document Type(example: 123 Main St., Dallas, TX 75944 – Purchase Sale Agreement)
● Purchase Sale Agreement● Copy of Buyer’s ID (contact info should be provided as well) name, email, phone, address● Proof of earnest money deposit● Seller’s Disclosure● Lead Based Paint Addendum (if required)● Property Photos● Updated Modeling Spreadsheet (from above step)● Seller’s Organizational Documents● Copy of Appraisal, when available
As documents become available, they will be saved to your file. Once ALL the required docs are received, we will confirm receipt and submit them to the RMLO underwriter and open title. We will let you know if we need anything additional from you. The entire process usually takes 2-4 weeks to complete. Please, Do not contact support unless you have not heard back within 14 days.
Failure to submit all required documents will result in file being rejected.
o STEP 8: RMLO Review
The RMLO will perform a detailed review of the transaction, known as due diligence. This includes a review of the buyer’s credit, current tax and insurance status, payer interview, and other important items. They may also request additional documents including a payment history, insurance policy and existing title report.
The Buyer will pay for the RMLO’s fee directly (usually $1350 with a smaller upfront charge and the balance at closing).
o STEP 9: Closing
When all steps are complete, the transaction management team will send the final closing documents for signature. The title company is often used to handle the exchange of money for the original note an transfer documents. Funds are typically paid in the form of a wire transfer or cashier’s check. You are also encouraged to have your attorney review and advise with the closing process.
o STEP 10: Note Sale Process
After closing, the transaction management team will request the executed closing file and recorded documents from the title company. They will forward the closing package to the servicer for the Note Sale process to happen. This process typically takes about another week after closing.
Seller has the right to keep the note, sell it on their own, or we will provide an offer.
Selling your mortgage note can be a simple process when you work with an experienced team! We are here to help you with any questions throughout the process.
TRANSACTION DOCUMENT CHECKLIST*REQUIRED PRELIMINARY DOCUMENTS (required to open title and start RMLO process)● Purchase Sale Agreement● Copy of Buyer’s ID (contact info should be provided as well) name, email, phone, address● Proof of earnest money deposit● Seller’s Disclosure● Lead Based Paint Addendum (if required)● Property Photos● Seller’s contact info (LLC docs if applicable) name, email, phone, address● Appraisal Order ReceiptWe will provide the following: Title Company, RMLO, Servicer, Doc Prep (fees may apply)
PRE AND POST-CLOSING DOCUMENTS (to be managed by the transaction management team)● RMLO package● RMLO Invoice● Tax Certificate● Title Commitment (showing lender and insured loan amount)● Proof of Buyer insurance (showing servicer as mortgagee)● Transaction Management Invoice● Executed Closing File● CD / HUD● Servicing package (if not in closing file)● signed 1st lien promissory note● signed 2nd lien promissory note● Recorded Warranty Deed● Recorded Deed of Trust
NOTE SALE (to be managed by the transaction management team)● Note Purchase Agreement● Collateral Assignment● Allonge & Transfer of Note and First Lien Deed of Trust● Bill of Sale – Promissory Note and First Lien Deed of Trust● Buyer Agreement-Purchase Sale Agreement● Title Commitment – showing lender and insured loan amount● Owner Title Policy● Lender Title Policy● Sellers Disclosure● Lead Based Paint Addendum (if required)● RMLO package● Executed Closing File● Servicing package (if not in closing file)● Payment History● Proof of Buyer Homeowners Insurance● Tax Certificate● Recorded Warranty Deed● Recorded Deed of Trust● HUD / Closing Statement● signed 1st lien promissory note● signed 2nd lien promissory note (if applicable)● Pictures● Seller Financing Addendum● Buyer’s ID● Note Payoff Letter (If applicable)● Comps, BPO or Appraisal
Deal Submission
USA Home Partners helps you gets more deals done in just 3 easy steps:
Sub 3 Deal Submission
The USA Home Partners Team immediately begins
working directly with the seller on your behalf;
everything is transparent to the YOU
If we can get the deal done, you get paid!