FAQ’s
How much experience does PEP, Inc. management have working with the manufactured home industry?
What are the benefits of PEP’s programs? Does PEP have the newest technology? Who does Performance Equity Partners, Inc. fund and service? Is the maximum term of a loan limited by the age of the collateral? How is pricing/rate of the loan being purchased determined? Does Performance Equity Partners, Inc. offer servicing independently if loan funding is not desired? Are there any restrictions as to types of property that can be financed?
How much experience does PEP, Inc. management have working with the manufactured home industry?
The PEP staff has had direct involvement with the purchase and servicing of over $30 million in loans.
What are the benefits of PEP’s programs? The staff is bank trained in all areas of compliance, document preparation and credit risk. PEP has a superb customer service and collection staff that has an average of 20+ years experience.
Does PEP have the newest technology?
Yes. We offer auto debit of recurring payments, EPay for processing the receipt of immediate phone payments and automated statement and collection letter creation. Past Due accounts are tracked in a collector queue for maximum results.
Who does Performance Equity Partners, Inc. fund and service?
PEP funds new inventory as well as the sales of existing manufactured home units located in communities primarily in the Midwest.
Is the maximum term of a loan limited by the age of the collateral?
No. PEP works with community owners that sell quality products so the age of a home is not an issue and will not limit the term.
How is pricing/rate of the loan being purchased determined?
By analyzing a person’s past credit history, length of employment and patterns of previous credit payments.
Does Performance Equity Partners, Inc. offer servicing independently if loan funding is not desired?
Yes. In states where PEP is licensed/registered, statement billing, collection and insurance management services are available.
Are there any restrictions as to types of property that can be financed? PEP specializes in units located in manufactured home communities and at this time does not finance land owned units.