1. How to Use LoanMLS®The Online Loan Exchange<br />LoanMLS® is an online loan exchange with over 4,000 members -- lending professionals and investors all interested in buying, selling and investing in existing loans and pools, or new loan originations. <br />The site is similar to Craigslist, but highly specialized for the lending community. Users can post listings for specific loans they wish to sell or fund, and then buyers/investors can search for loans that meet their investment criteria. <br />Members of LoanMLS are finding that it is shifting the lending paradigm, providing a whole new way to connect and network with other lending professionals and investors. Whether it’s seller carryback financing, cash flow industry professionals, rehabber loan funding, loan investors, commercial loan funding and sales, or pools of loan assets, it’s easy and inexpensive to find and connect with loan buyers and sellers who share similar specialized interests.<br />There are many different ways to use LoanMLS:<br />Registration<br />Registration is free. Once you register and obtain your login information, you should set your asset purchasing preferences, so you will receive alerts that match your preferences.<br />Navigation<br />Navigating the LoanMLS site is easy. After logging in, use either the green menu buttons at the top right, or click on one of the buttons in the center of the page to Buy a Loan, Sell a Loan, Fund A Loan or Get a Loan. You may also post or search Wanted Ads from the home page.<br />Buying Loans<br />To search for existing loans to buy, select “Buy a Loan.” Use the Refine Your Search, located on the left, to select the investment criteria for which you wish to search. To learn more about a loan, click “View Details.”<br />To buy the loan listed, you must contact the listing member. From the Listing’s Details page, you select “Send an Inquiry” to email the listing member. Once you connect, business is conducted independent of LoanMLS with the vendors of your choice. LoanMLS receives only a listing fee from the listing member, and there are no additional transaction fees. Basic listings start at $20.<br />Selling Loans<br />Loans may be sold either individually or in pools. In either case, summary information about the loan is entered into the system along with key search criteria including the loan rate, payment frequency, location of the property, valuation information and more. The listing member also sets the sale price of the loan. The loan can be sold at par, at a discount, or even at a premium.<br />Funding Loans<br />New originations are posted by individuals or brokers who have a borrower with a specific need. The loans are posted as a “Loan to Fund” on the site and can be searched or posted by selecting the “Fund” menu item.<br />Borrowing<br />Borrowers who are looking for funds may post a “wanted ad” listing on the site to describe specifically what type of loan they want.<br />Wanted Ads<br />Members may post a general “wanted ad” to reach the LoanMLS member base. Many members have inventory or access to inventory which may not be listed on the system. By posting a wanted ad, your investment needs are instantly communicated to other members who may be able to assist you.<br />LoanMLS incorporates a number of important features for members:<br />Confidentiality<br />Members may set up their loan listings so inquiring members e-sign a confidentiality agreement. If desired, a member can also upload a document and request that an inquiring member sign and email it back.<br />Custom Searches & Alerts<br />Setting up a custom search on the site enables members to quickly search for investments of interest. Each custom search also allows for email alerts so members are alerted as soon as a loan is added which meets their criteria.<br />Sub-Accounts<br />Companies with several loan buyers and sellers can aggregate their accounts under one master account and then create several sub-accounts. The advantage of sub-accounts is that all accounts can share the same credits and take advantage of credit volume discounts.<br />Prequal Questions<br />Members may include up to 10 custom prequalification questions to screen inquiries.<br />Feedback<br />A self-policing member feedback system is in place throughout the LoanMLS website so you can view the feedback provided by others about an inquiring member.<br />Pricing<br />Pricing on LoanMLS is based on credits. Essentially, 1 credit = $1.00, but discounts are available for volume purchases. Listings are paid for by the listing member and start at $20. Members may upgrade their listings to have them included in the Priority section, ahead of Standard listings, or in the Featured listings section which appears in the right column of our most popular pages. <br />LoanMLS is changing the way private money loans are bought, sold and funded. The ability to connect and network using LoanMLS gives investors and brokers the ability to transact more business than ever before.<br />To contact LoanMLS simply log on to http://www.loanmls.com or call 866-659-7579<br />