Financial Instituions

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LENDERS AND INVESTORS

Are your interest rate margins shrinking? Are you having problems obtaining a solid return on your investments? Would you like to increase your customer base and market penetration? Would you like an investment that provides you with virtually no risk of loss? If so, our program is perfect for your institution. We are committed to delivering affordable high quality manufactured housing loans from well-respected and established retail dealers, who are selected and approved by Alliance Credit LLC. These loans are individually offered to our financial institutions and investors where we strive to provide a loan portfolio that is profitable as well as sound. Alliance Credit LLC provides the financial institution the opportunity to generate and produce a high yielding; well-performing consumer loan portfolio with the comfort of knowing there is little risk. We are committed to delivering affordable high quality manufactured housing loans from well-respected and established retail dealers, who are selected and approved by Alliance Credit LLC. These loans are individually offered to our financial institutions and investors where we strive to provide a loan portfolio that is profitable as well as sound. Let us show you today how easy this program can work for you!

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We currently operate in the following states

We do have the means to obtain additional business in other states/regions if a particular financial institution requests business from that desired state/region.

  • Ohio
  • Pennsylvania
  • West Virginia
  • Kentucky
  • Tennessee
  • Texas
  • North Carolina
  • South Carolina
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PROGRAM OVERVIEW

Purchasing a manufactured home is much like purchasing a car. A consumer visits a dealership, picks a home with the desired options, negotiates the price, and completes a credit application to arrange the financing. This is where Alliance Credit comes to play. Our experience and know-how have allowed us to develop an excellent trustworthy rapport with our approved dealers. Our service is untouched which helps us to obtain some of the highest quality loans in the industry that we in turn sell to the investor. We provide full and complete services for this program. Starting with the dealer selection, marketing, application processing, and underwriting, to life-of-loan collections and resale. We provide a guide to the investor outlining the program’s underwriting which has been a proven recipe for success. However, the entire program can be 100% completely custom fitted to meet the investor’s desires. For example, the investor can determine rates, terms, loan ratios, conditions, as well as the geographic region preferred. This helps ensure that the investor always purchases exactly the loan they are expecting.
We have the capability to obtain business in any geographic region desired. Therefore, if the investor wished to expand and purchase loans from other geographic regions, we will do so while maintaining a standard of the highest quality service that is expected. All the time and effort into this program is accomplished by the experienced and professional staff of Alliance Credit. There virtually is no need for added staff on the investor’s behalf. How can this be, you ask? Upon receipt of the application, our staff will verify everything that the dealer provides. As the application is submitted, a credit bureau report is pulled for the potential customer. We screen and review all applications to make sure that they meet the approved investor’s lending criteria before we send the application to the investor for final review, to see if it is a loan they would be interested in purchasing. Once an investor provides us with a purchase commitment on the application, we take it from there. An approval letter is provided to the customer, and order for documents is provided to the dealer.
These forms identify the specific loan conditions, restate the figures requested, and in general confirm the acceptance of the loan. From collecting conditions to set up the closing, Alliance Credit tracks all aspects of the loan while it travels through our loan pipeline. Throughout the entire process, we safeguard against fraud as we verify all the information provided. We want to ensure to the investor the ability of the loan and the value of the borrower. After the loan is closed, the investor purchases the loan and books it as their asset. If a loan becomes 15 days past due, we will assist the investor in collecting the monies due by working with the borrower. The same is true for any loan that fails to maintain the required homeowners' insurance. If the borrower never brings the account current, then it will be necessary to repossess the home. Alliance Credit will handle the entire process of repossessing and reselling the home. We establish a first loss reserve account using a portion of our up-front paid fee to help protect the investor from any loss.

Investor Program Highlights

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Finance by the loan, not by a loan portfolio
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Locating and delivering affordable housing
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Alliance Credit, LLC reserved deposit accounts are held by the financial institution
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Niche product specialist
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Quality loan paper: 670-800 credit scores
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New and used multi and single-sectional homes
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Complete loan origination and closing documentation processing
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No additional financial institution staff needed
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Life-of-loan servicing
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Complete collection and repossession services
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Track and enforce collateral insurance
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Selectively established dealer base

30 Years of Success

The comprehensive financing program that we offer is like no other as it was developed by our President’s family over 30 years ago. Our office is located in Ohio, and we operate throughout the states of Ohio, Pennsylvania, West Virginia, Kentucky, Tennessee, Texas, North Carolina, and South Carolina. We do have the means to obtain additional business in other states/regions if a particular financial institution requests business from that desired state/region.