first lien
first lien
Location
US
TAGS
finance
mortgage loan
OTHER names
A first lien or first mortgage is the primary loan that pays for a property. The loan has priority over all other liens or claims on a property in the event of default.
If the loan-to-value (LTV) ratio of a first mortgage is greater than 80%, lenders generally require private mortgage insurance (PMI). In such a case, it can sometimes be economical for a borrower to limit the size of the first mortgage to 80% LTV and use secondary financing to borrow the remaining amount needed.
Built by CRE professionals.
We understand your language. Also your Excel sheets.
Industry expertise
With 20+ years in housing finance, founder Kanan Ajmera decided to build a software to solve the problem of disconnected data and processes, then brought together team of housing professionals to make it happen.
Customer success
Our dedicated customer success (CS) helps you onboard your team and deals, and keeps in touch with you afterwards to meet all your team's need.
Extra-fast onboarding
All your deal data is onboarded in just a couple of weeks, along with your models, templates, and everything else you need in your online work environment.
Tailor-made features
Our product features are already tailor-made for the industry, and we add customized solutions so they are also tailor-made for your team.
Strict standards. Bank-grade security.
Your data stays safe with us at all times.
SOC 2 certified
Builders Patch conducts annual audits to prove adherence to SOC 2 Type I and Type II certification protocols.
Bank-grade security
Encryption at rest and in transit. Your valuable data is constantly protected in multiple ways.
Secure SSO login
Seamless login experience without compromising on security, with SSO support for Google and Microsoft Azure.
24/7 monitoring
Our IT security team monitors known incidents and patches and addresses changes to the policies and procedures.