Filogix
In the lender selection screen set Lender Type to Private, then select Lendmax Capital. Attach the appraisal and the bureau to the deal before you send it.
How to submit a deal
to a private lender.
Submit a deal to a private lender the way the desk actually reads it: four channels, one inbox. Email submissions with Application, Appraisal & CB are prioritized for review. Filogix, Scarlett and Boss submissions are accepted; here is how each one reaches the underwriter.
Published by Lendmax Capital MIC|Updated About our team
01 · Channels
Four ways in.
Scarlett
Submit through the standard lender flow and select Lendmax Capital. Documents attached in Scarlett come through with the file.
Boss
Submit through the standard lender flow and select Lendmax Capital. Documents attached in Boss come through with the file.
deals@lendmaxcapital.ca
Reaches the underwriting desk directly. A submission that arrives with the Application, Appraisal and Credit Bureau attached is prioritized for review ahead of an incomplete file on any channel.
Email the desk02 · The 10 Point Submission
Ten lines, and we can price it.
Paste these into the body of the email. It is the fastest complete submission we accept.
- 1 · Address — full civic address of the subject property
- 2 · Credit scores — every borrower on title
- 3 · Subject value — appraised value, or your estimate pending appraisal
- 4 · Current balances (if refinance) — each charge with the lender name against it
- 5 · Requested mortgage — the amount the borrower needs
- 6 · LTV requested — loan to value on the ask
- 7 · Requested closing date
- 8 · Arrears, if any — mortgage, property tax or condominium fee
- 9 · Exit strategy — how the term ends
- 10 · Position — first or second charge
A file that arrives with the Application, Appraisal and Credit Bureau attached goes to the front of the review queue. Anything missing from the ten points is a question we have to ask you before we can quote.
03 · The process
Four steps from submission to funds.
Step 01
Received for review
Application, credit report and appraisal are received and reviewed. That package is what starts the clock — a partial file waits.
Step 02
Pricing offered by email
Pricing comes back to you by email. To proceed we require a non-refundable admin fee:
- Second mortgage
- $500
- First mortgage
- $1,000
Step 03
Commitment issued
On receipt of the admin fee the approval expiration is set at 48 hours and the commitment is issued. The 48 hours is the window to sign and return it.
Step 04
Instructed for closing
Once all conditions are complete the file is instructed for closing in 3 to 7 business days.
Rush files
When the closing date will not move.
Rush
Additional admin fee of $500 on top of the standard admin fee for the position.
Same-day instructions, next-day funds
$1,000. The file must be broker complete before it can be instructed — every document on the list below, in hand.
04 · File complete
Purchase and refinance documents to instruct.
Nothing is instructed until this list is complete. Send it in one package rather than in pieces.
- Signed commitment
- Purchase agreement
- Proof of deposit and down payment
- Two pieces of ID for each borrower
- ID verification
- Pre-authorized debit, signed
- Appraisal redirection
- Current mortgage statement
- Property tax bill
- Void cheque
- Borrower lawyer information
- Broker disclosure to borrower
Ten points, three attachments, one address.
Application, appraisal and credit bureau to the desk. If something is missing we will tell you what it is instead of sitting on it.
Submission questions
Filogix, Scarlett, Boss — and the questions that come with them.
Is Lendmax a Filogix private lender?
Yes. Lendmax is listed in Filogix Expert as a private lender; select it as the lender and submit the application directly. Attach the appraisal and credit bureau, or email them to the desk quoting the Filogix reference, and the file is reviewed in the same queue as an email submission.
How do I submit a private mortgage deal by email?
Send the application, the appraisal (or the order confirmation) and the credit bureau to the deals desk with the 10 Point Submission in the body of the email. A complete email submission is prioritized for review and priced within the two-hour target.
Does the desk accept Scarlett and Boss submissions?
Both. Scarlett submissions arrive through the network feed and Boss through the lender connection; either way the file lands with the same underwriter. If the appraisal and bureau are not attached at source, email them separately quoting the borrower's name.