Fortiva is our Second look residential lender, but what does that mean? Second Look financing is more forgiving of lower credit scores and offers a payment alternative with longer terms and lower payments than other lender options.
Second Look in Detail:
What sort of Credit Score does Fortiva consider? Credit Scores between 550 and 640 have the best chances for approval.
What are Fortiva's approval limits? They can be as low as $6,500 and as high as $20,000.
What is the benefit of having Fortiva connected in Finance+? With Fortiva, Finance+ offers Waterfall Functionality, which means that if our Prime lender, GreenSky, declines your customer due to a low credit score, it will waterfall down into Fortiva, where they will have a higher chance of approval.
Once your customer has been approved and an offer is available, they will have 30 days to accept before the offer expires. Upon accepting the offer, all funding will be handled through Fortiva's portal, which you would have received via Fortiva's training.
Getting Support
If you're having trouble with Fortiva, specifically on their end of the transaction or application process, you can reach them through the following:
Phone: 1-866-290-2835
Email: SalesRepAssistance@FortivaServicing.com
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