Loan Doc Automation Video: How to Add Multiple Properties in the Same County
About the Loan Doc Automation Video"How to Add Multiple Properties in the Same County"
This comes up quite often: how to enter multiple properties on one loan. It’s a common structure in commercial lending, and one DossDocs handles easily by design.
We have customers who’ve added up to 50 properties on their own without needing support, legal fees, or custom doc requests. The process is designed to handle volume when properties are in the same county, and it works exactly the way lenders expect it to.
If your loan doc automation provider doesn’t support this or makes it too cumbersome, DossDocs is built to do it right. And we make it easy. You can start instantly with no contract and no subscription. Just pick your state and go.
The transcript below walks through the steps shown in the video above.
Video Transcript
00:01
Hi, this is Altha Nelson. Today I’m going to show you how you can add multiple properties within the same county into DossDocs. When you have multiple properties within the same county, you can input them in DossDocs as if they were one property.
00:20
Keep in mind, if you have more than two counties on your loan transaction, you’ll need to follow our instructions to complete a custom loan document modification request.
In this example, I’ve input one county, Orange, and then under the first property address, you’ll see I’ve listed three different properties separated by a comma.
00:42
You’re going to follow that same format for each field.
You’ll input each address under the address. Under the legal description, you’ll see I’ve input the address, then the instruction to the closing agent to attach the legal description for each property.
01:01
And under the APN, I’ve listed each APN or tax ID, separated by a comma as well. You’ll also split out your title exceptions and closing instructions under the unacceptable schedule B items and the closing instructions.
01:23
So, in this sample, you’ll see that I’ve clearly defined each property with exceptions, closing instructions, and legal description.
Thanks. Let us know if you have any questions.
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