Code of Conduct: Wilshire Finance Partners ("Wilshire") strongly believes in building its business upon a code of conduct founded on high ethical standards and prudent business practices.
Loan Review; Due Diligence: Our investors will have a reasonable period of time to examine all related underwriting and due diligence performed by Wilshire on any loan, ask questions related to the loan, and perform such other reasonable independent due diligence required by the investor prior to committing to fund or purchase that loan. The investor’s review may include, but not be limited to, a review of the credit file, borrower/sponsor/guarantor/collateral financial information, appraisals and other collateral valuation information, loan documents and other information in Wilshire’s possession which the investor believes is relevant to their investment decision. Further, although Wilshire cannot indefinitely delay the funding or sale of a particular loan, our investors may expect to conduct their reviews free from undue urgency or push to fund or purchase the loan.
Property Review: Our investors may review any and all properties constituting the underlying collateral for a loan to determine the condition, sufficiency, value, and marketability of the collateral prior to committing to fund or purchase the loan. To the extent permitted, such reviews may also include an on-site inspection of the collateral by the investor.
Loan Terms: Our investors may self-select and review loans for potential investment based criteria they may establish, including the interest rate, loan-to-value, combined loan-to-value, underwriting criteria, funding and advance conditions, restrictions, terms, fees and other criteria prior to committing to fund or purchase the loan.
Assignment; Third Party Servicer: Our investors may elect to use the same servicer used by Wilshire or assign a separate servicer and/or trustee for their loan.
Borrower Access: Our investors may arrange to speak directly with the borrower about the loan if so desired. Conversely, investor’s seeking a passive investment or to remain anonymous may use Wilshire, our servicer or another third party intermediary for direct borrower contact.
Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest and principal on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Mortgage Broker fees will apply unless stated otherwise. California Department of Real Estate license number 01523207. Equal Housing Opportunity
