North Mill's Value Story: "Application Only" Makes Deal Submission Fast and Easy
Over the next few months, The Compass will highlight different components that comprise North Mill's value story. Our goal is to keep those with whom we work in lock-step with our policies and procedures, and to familiarize others with the many reasons it makes good business sense to work together.
In this issue, we'll explain our "application only" program and what we need from our referral agents when deals are submitted.
There's no doubt about it – application only programs are a major time saver for referral agent and customer alike. But not all lenders offer such programs, and if and when they do, restrictions and/or stipulations are part and parcel. Not so at North Mill.
Indeed, submitting a deal through North Mill's application only program is literally as easy as one, two, three. That's because all the firm requires are the following three documents:
Deals ranging from $10,000 to $150,000 are eligible for consideration with North Mill’s application only program. What’s more, North Mill works with multiple asset types, ranging from transportation to construction to manufacturing equipment – just to name a few. The company also underwrites deals for customers who have credit classifications ranging from A to D – making North Mill the one-stop-shop solution for referral agents all over the country.
- A signed credit application from the customer so we can pull his or her credit history;
- An invoice for the equipment the customer is looking to finance;
- Equipment specifications offering detail about the asset to be financed, e.g., brand, age, miles, hours used, etc.
For more information on North Mill's application only program, please contact your account manager.
For more information, please contact Don Cosenza at firstname.lastname@example.org or calling 203-354-6018.
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