Frequently Asked Questions.
Here are some common questions about Manufactured Homes
How much experience does PEP, Inc. management have working with the manufactured home industry?
The PEP staff has had direct involvement with the purchase of over $65 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 throughout the U.S.
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 are loan terms determined?
By analyzing a person’s past credit history, ability to repay, and patterns of previous credit payments.
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.
Performance Equity Partners
18470 Thompson Ct #1c
P.O. Box 368
Tinley Park, IL 60477
Illinois Residential Mortgage Licensee, MB.6760914
For licensing information, go to: www.nmlsconsumeraccess.org
Illinois Department of Financial and Professional Regulation, Division of Banking, 100 W. Randolph, Suite 900, Chicago, IL 60601