Role Play
What is a client/customer?
Computershare Trust Company of Canada (for the benefit of FractionTechnologies Inc. and any successor in interest thereof) 1050 Homer St,Suite 301, Vancouver, BC, V6B 2W9
What is the Mortgagee name request for Fraction?
41%
What is Fractions max LTV?
60 Days
What is the number of days an appraisal/rates are valid for?
48 business hrs
What is the time it can take for the clients ILR/Solicitor to receive instructions?
Impartial advice provided by an independent solicitor.
What is ILA (ILR)?
Computershare Trust Company of Canada C/O Fraction Technologies Inc.1050 Homer St Suite 301 Vancouver BC V6B 2W9
And and email confirming a character limit.
What is the short form we will accept?
160%
What is the Fraction registration amount on loans
5 business days
What is the number of days a CL is valid for?
Income
Valid Photo ID (KYC)
ILR/solicitor information
Appraisal
Inspection (deals exceeding $1mm)*
Condo/Strata documents* (Condo Status Certificate, AGM Minutes, Financial Statements, etc., Insurance)
What are the minimum items we need to be able to instruct a deal?
A person whose job is to manage the legal process of moving land or property from one owner to another
What is a Conveyancer?
FCT, Chicago Title, and Stewart Title
What are the title registry companies Fraction uses?
100%
What is the required score for the Fraction Quiz?
Mondays and Thrusdays
What are the days for a Capital call?
Fraction requires proof of funds prior to instructing (via statements, draft, etc.)
What is a "shortfall of funds"
A publicly listed holding company who provides funding for Fraction deals
Who is BAWAG?
The client is provided with the request that must be completed and passed (received via email)
What is the Title insurance ID verification?
25%
What is the elevated Fraction Mortgage interest rate registered in Canada?
Wednesdays and Fridays
What are the days Fraction funds deals?
11am EST/8am PST
What time does the wire get disbursed for deals that are not same-day funding?
A group of awesome individuals and team players
Who are OPS?
An additional insurance required if you own this type of property dwelling
What is Condo/Strata Insurance
7.99%
What is Fractions minimum rate?
3 Days
What is the time Fraction takes to receive funds after a capital call?
Clients solicitor needs to reply confirming they are acting on the clients behalf
What is the ILR/Solicitor intro email?