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How to Broker a Mortgage Note to FNAC
Brett Burky avatar
Written by Brett Burky
Updated over 3 months ago

If you're a broker working directly with FNAC there is a certain way you will want to close on the Paperstac Platform.


Vesting Profile Set Up

You can start by setting up the vesting profile for FNAC on this page on Paperstac, or you can do it while in the Negotiations phase of the transaction.

Entity Name: First National Acceptance Company

Signer: Rachel Sims

Address: 241 E Saginaw St East Lansing, MI 48823-2792

Phone: (517) 336-7623

Email: your contact's email

Examples:


Servicer Profiles Set Up

Next step up the Servicer Profile for FNAC on this page on Paperstac.

First National Acceptance Company

Contact Person

(517) 324-7166


Attention:

The Purchase Sale Agreement must be signed by FNAC and NOT the broker.


Sending the Purchase Sale Agreement to your contact person

When you're at the stage of signing the Purchase Sale Agreement, there are 4 options for signing the document. Choose the 4th option "Share Signature Pad".




Signing the Purchase Sale Agreement

The purchase sale agreement will be sent to your contact person and then thry can sign it and it will automatically show up on the to-do list.

Once the buyer's invoice is created in the closing phase, send it to FNAC so they can pay the invoice.

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