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At RUWACK TRUST, we offer a wide range of investment options to help you diversify your portfolio and minimize risk.
Ruwack trust is offering its private placement securities to multiple accredited investors in the United States and other countries interested in diversifying their portfolio's. Private Placement securities are securities not registered with the Securities and Exchange Commission (SEC) and are therefore highly speculative. Ruwack Trust is not registered with the SEC. There may be risk of loosing all or part of your investments.
We believe in lending to companies that are making a positive impact on society and the environment. Let us help you make a difference with your portfolio.
Ruwack Trust Financial, (The Commercial Lending division of Ruwack Trust), by focusing on its strengths and new value priced products, plans to be one of the leading commercial lenders in our targeted lending market. Our Keys to Success and critical factors for the future strategy are, in order of importance:
• Identify "Target Markets."
• Develop a profitable lending program.
• Provide small to midcap businesses with an affordable basic business package.
Ruwack Trust Financial is forecast to be profitable within the first year of operation. Our goals are:
• To establish Ruwack Trust Financial as the market leader in quality value-priced commercial loans.
• Establish good working relationships with our present markets by meeting with their decision makers and plotting a mutual plan for success. Get commitments for support and products that we can market in our trading area.
• Investigate new markets that meet our marketing criteria by a) committing to a wide range of professional brokerage; b) providing products suitable to our economic and social climate.
• Provide production goals and with incentives to staff that meet our sales goals.
Ruwack Trust Financial is dedicated to providing commercial lending products that provide quality protection with value pricing. We wish to establish a successful partnership with our clients and staff members that respect the interests and goals of each party.
Success will be measured by our clients choosing us because of their belief in our ability to meet or exceed their expectations of price, service, and expertise.
In order to implement our strategic goals, we will focus on developing the following tools.
1. Knowledgeable, friendly staff that can empathize with our consumers’ needs and circumstances.
2. Policies that meet and exceed the expectations of our clients, and that are affordable, available, and understandable.
3. Policies and endorsements delivered on time with minimal errors.
Ruwack Trust Financial primarily originate and services direct commercial Business loans. Its customers are from all different backgrounds and from different markets.
We will stress the importance of good communication between the processor, broker and client to insure proper coverage is in place.
Our company's strength lies in the quality and depth of our products and staff. Our office will be staffed with seasoned team members, we are able to service our clients with a hands on personal touch.
Our staff has specialists in commercial lending that can properly service and underwrite local business.
Based on our goals, outlook, and company culture, we anticipate that we will be able to increase revenues substantially year by year of the plan and increase net profit handsomely. The company does not anticipate any cash flow problems.
Ruwack Trust Financial is dedicated to providing commercial lending products that provide quality protection with value pricing. We wish to establish a successful partnership with our clients, our staff members, and our insurance companies, that respect the interests and goals of each party.
Success will be measured by our clients choosing us because of their belief in our ability to meet or exceed their expectations of price, service, and expertise.
1. To establish Ruwack Trust Financial as the market leader in quality and value-priced commercial lending products.
2. Establish good working relationships with our present insurance markets by meeting with their decision makers and plotting a mutual plan for success. Get commitments for support and products that we can market in our trading area.
3. Investigating new markets that meet our marketing criteria by a) committing to small rural brokers to the larger sophisticated brokerages ; b) providing products suitable to our economic and social climate; and c) plans for the upload and download of insurance policies.
4. Provide production goals and incentives for staff to meet sales goals.
The Lending Division staff will be separated by title and responsibilities as follows:
1.2 Sales
The Sales Department is a very important part of the company. This department is responsible for recruiting and working with Commercial Brokers and Customers to secure lending opportunities for the company. The recruiting will be accomplished by networking within an established broker community and customer base.
1.3 Underwriting
Cash Flow Analysis (DSCR)
The most important component when underwriting a commercial loan request is the analysis of the subject property's cash flow. Specifically, the subject property must have enough cash flow to cover all the property expenses plus the new loan payment. The ratio used to calculate the cash flow for a commercial real estate loan is called the DSCR or DSC ratio. Typically, commercial lenders require a minimum DSCR of 1.20x. meaning, for every dollar ($1.00) in debt incurred, the property must contribute one dollar and twenty cents ($1.20) in cash flow to support the commercial mortgage payment.
Loan to Value (LTV)
Unlike residential lending, commercial real estate properties are viewed more conservatively. Generally, commercial lenders will require a minimum of 20% of the purchase price to be paid by the buyer when applying for a commercial loan. The remaining 80% can be in the form of a commercial mortgage provided by either a bank or commercial mortgage company. Some commercial real estate lenders will require more than 20% contribution towards the purchase from the buyer. What a commercial lender will do is subject to their appetite and the quality of the buyer and the property. Loan to value is the percentage calculation of the commercial loan amount divided by purchase price. If you know what a lender's LTV requirements are, you can also calculate the commercial mortgage loan amount by multiplying the purchase price by the LTV percentage. Keep in mind that the purchase price must also be supported by an appraisal. In the event that the appraisal shows a value less then the purchase price, the commercial mortgage lender will use the lower of the two numbers to determine the commercial loan size.
Credit Worthiness
For commercial loans made to a business - owner-occupied commercial property - businesses more than two years old, personal credit of principals will not be evaluated. Commercial loans are made based on the strength of the business and/or project. The business must have good credit and are required to provide income documentation.
Property Analysis
Fair Market Value and Fair Market Rent will be analyzed. Special use property may require additional underwriting. Age, appearance, local market, location, and accessibility are some other factors considered.
1.4 Processing
The primary function of the Loan Processor is to ensure the timely and accurate packaging of all loans originated by our loan officers. Responsibilities include: Gather information and take each file from pre-approval to closing. Input proper loan information into the system for processing. Responsible for ensuring that all loan documentation is complete accurate verified and complies with company policy. Verify loan documents including income credit appraisal and title insurance ultimately preparing application for submittal to underwriting. Review file documentation and make sure all items needed are requested. Order and coordinate loan documents. Meet crucial deadlines requested. Perform any additional duties/activities assigned by management.
Mortgage loan application consists of various steps that also include mortgage loan processing.
The major steps involved in getting a mortgage loan are as follows:
· Application for the mortgage by the mortgage borrower
· Mortgage loan Pre-Qualification
Mortgage loan processing and verification activities:
· Lender and Mortgage Underwriting
· Closing of the mortgage loan that follows the Pre-Closing
Mortgage loan processing is the most important step in the mortgage loan approval process that decides whether or not the mortgage loan will be approved.
Generally mortgage loan processing could take place within five to twenty days from the date of application of the mortgage loan.
The person who does the mortgage loan processing is known as a mortgage loan processor.
Mortgage loan processor is a person who actually does the mortgage processing activities.
The mortgage loan processor does the job of reviewing the credit reports of the mortgage buyer along with verifying the borrower's credit history in terms of debts and payments. In case he finds a bad credit history such as late payments, bankruptcy, etc he sends a notification to the borrower requesting more information. In addition to this the mortgage processor also checks appraisal and property issues requiring further justifications.
1.5 Administrative Receptionist
Receptionists are responsible for performing administrative duties for businesses and organizations, including answering phones, forwarding calls and taking messages. They greet guests, advise staff of their arrival and ensure that they are directed to the appropriate location or person. Other job duties may include scheduling appointments, maintaining files and handling correspondence. As a receptionist, you will need to be well-organized and have good communication and customer service skills, as well as some computer skills.
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