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Top 3 Most Common New Lender Mistakes - #279
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Top 3 Most Common New Lender Mistakes - #279
In this episode of the Private Lenders Podcast, hosts Chris and Jason break down the three most frequent mistakes new private lenders make—and how to avoid them for long-term success.
🔹 Topics Covered:Over-leveraging loans Lending at high loan-to-value ratios (90–100%) with little borrower equity may seem appealing early on, but it often leads to late payments, defaults, and portfolio losses if not corrected quickly.
Poor understanding of property values Relying solely on borrower estimates or surface-level metrics can be risky. This episode emphasizes the need for lenders to conduct thorough underwriting using tools like MLS data, appraisals, and public records.
Lack of marketing efforts Many lenders underestimate the importance of a consistent marketing strategy. Without steady deal flow and strong borrower quality, even the best underwriting won’t lead to long-term success.
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