Generate Residential Bridge Loan Documents

Use this legal app to build the loan documents needed to facilitate a consumer bridge loan. Our Consumer Bridge Loan app is a loan whose primary purpose is to finance the purchase of a new home by a homeowner who intends to sell their old home. It is your responsibility to determine if it is lawful under licensing and other laws to make or broker this loan in any given state. It is also your responsibility to determine if you need a license to make or broker this loan in any given state.

Features

Full TRID compliant docs – including the LE and CD
11-month max term (11 months plus per diem interest period)
All federal and state disclosures for DRE and CFL licensees
Flexibility to put a lien on the existing home, new home or both
HOEPA compliance
3 Day Right to Cancel if placing a lien on the existing residence
All calculations performed – including APR and TIP
Special customizable escrow instructions to the purchase escrow
NMLS endorsement required
Ability to repay & credit not relevant
No prepayment penalties or guaranteed interest
Most are Section 32 = HUD counseling & no financing of soft fees
4%, 15-day late charge
No limitation on rates or points

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$599

Jurisdictions Covered

Michigan

Indiana

Orange County, Florida

Ontario

United Kingdom

Worldwide

Los Angeles, CA

Africa

Middle East

USA - Federal

England

Sweden

USA - All States

Canada - All Provinces

Who is this app for?

Individuals

Languages

English

Are you an attorney? Contact us to use this app as a template for your firm

DossDocs

The attorneys at Doss Law have worked and practiced law in the mortgage industry for a combination of well over 50 years. Doss Law is laser focused on transactional mortgage law, with a very large portion of that work spent on loan documentation, investor disclosures and other mortgage documents.

Loan documents, investor disclosures and other mortgage documents can be tedious to produce, expensive to pay for and take hours or even days to receive. That is why we have teamed up with top notch software developers, technology providers, coders, and web developers to bring you DossDocs.com. Doss Docs is a simple, cloud-based platform that cuts the time to create great loan documents from hours to about 15-20 minutes. The application listens for your answers to our questions during the intake process and adds or eliminates documents to the final output for a truly custom experience.

Call

(800) 779-1362

Created by

Dennis H. Doss is the owner and founder of Doss Law, LLP. Licensed as an attorney since 1978, Dennis represents private and hard money lenders and carryback sellers in Orange County and throughout California. He counts many of the top private or hard money mortgage lenders as his clients.

Christopher J. Donovan, under the tutelage of Dennis H. Doss, has become highly skilled in mortgage finance law. Chris is a driven, meticulous and reliable attorney with transactional legal experience in real estate, mortgage lending and securities while working with a wide variety of institutional, professional and individual clients.

App Updates

Version

1.0

Current

This is the initial version of the application.