Thank you for choosing FFB as your lender. Below you will find all the forms and information you need to be an approved Broker with FFB.
Please complete all forms and provide the following.
Once you have provided the forms and documents required you will receive a Broker Agreement. Please sign, date and email to Veronica Carrera vcarrera@FFB.bank & Karen Kim kkim@FFB.bank. Once we have received a complete package we will review and contact you if we have any questions.
How does the borrower application process work?
Once a Letter of Interest is executed and received in our office along with the deposit funds (wire or check, found on page 2 of Letter of Interest), engaging an appraisal will commence, all upfront due diligence will be done (OFAC, Geo code, flood cert, credit, environmental screening, etc.) then the loan application will be reviewed for completeness. Notice of Incomplete Application/Needs Letter will be sent to the broker upon receipt of initial application. Once all pertinent documentation is received, the loan will be dropped into the underwriting queue for complete underwriting of the file while awaiting appraisal report. We anticipate the loan process from beginning to credit decision to be around 30-45 days from time of complete application.
What information is required for an application?
Broker Forms (signed and dated)
Property Information
Borrower/Guarantor Information – Fully Completed
Trust
Limited Liability Company
Corporation
Partnership (General or Limited)
Where do I find FFB’s required forms?
Please refer to our website
Do we have to use FFB’s forms for property and borrower information?
If forms utilized by the broker contains all the information required, FFB will allow the use of their forms that are signed and dated. Upon review, FFB may require use of our forms if the forms provided do not include sufficient information.
Do you allow the use of DocuSign for FFB Forms?
Yes, however you must also submit a DocuSign Certificate, which certifies the applicant’s signature.
What is required to engage an appraisal?
FFB must receive the signed LOI and deposit. FFB utilizes a third party appraisal management company, for which we must have Operating History, Rent Roll, Purchase and Sale Agreement if applicable, and contact information so that the appraiser knows who to contact for property inspection.
What is timing process of appraisal?
Once all required information listed above is received, the bidding process takes approximately three business days. Appraisals, including review tend to takes four weeks or so after appraisal in engaged
Approval timing?
Depending on pipeline, approval typically takes one to two weeks after a complete application is received. Larger transactions, north of $7MM may take longer as additional approvals are required.
Documentation timing?
Once approval is communicated, documents are generally available within 72 hours. This time frame may be longer depending on documentation pipeline.
Where are insurance requirements located?
Insurance requirements are provided once the loan is approved via Loan Commitment Letter.
What is the Loss Payee information?
FFB, ISAOA
7690 N Palm Avenue, Ste #101
Fresno CA 93711
Does FFB require original documents in order to fund?
FFB will fund based on receipt of electronic copies of documents sent by Escrow. Escrow must also provide tracking number of document package before funds will be released.
Where are signed loan documents to be sent after signing?
Signed loan documents are to be sent via overnight mail to:
FFB
Note Department
7690 N Palm Ave
Fresno CA 93711
