AAPL Conference 2024: Lenders Making Demands
The AAPL Conference 2024 wasn’t just another industry event—it was a reality check. Lenders came ready to talk about the challenges and the solutions they need. From fund formation to compliance, the conversations we had were unfiltered and direct. Curious about it? Read on.
What Lenders Want After Fund Formation Failures
Fund formation is a big deal in private lending, but it’s not for the faint of heart. Lenders told us horror stories of mishandled setups, missed filings, and delays. Why? Because this process is complex and getting it wrong can cost you.
A well-structured fund lets lenders pool capital, attract investors, and operate efficiently. But if the foundation isn’t solid, the whole thing falls apart. Licensing, compliance, and structuring are just the start.
Doss Law Fund Formation, Built to Perform
Doss Law is California’s largest fund creator, helping lenders launch mortgage pools, REITs, and more. We don’t just set up your fund and walk away; we handle everything—PPMs, SEC filings, marketing material reviews, and compliance support. From start to finish, we make sure your fund is built to perform, not collapse.
Proof in $750 Million
What’s the right way to form a fund? Dennis Doss, Managing Partner of Doss Law, helped create a fund that has grown to $750 million in assets, earning a 2.5% asset management fee. That’s the kind of success Doss Law brings to lenders.
Hear Dennis share more about this. Watch the video clip.
What Else Are Lenders Demanding?
We heard it loud and clear at the conference: lenders are done with mediocre service and subpar documents. They want white-glove treatment and loan docs that don’t need endless tweaks.
White-Glove Customer Service
Lenders are fed up with being passed around and treated like just another client. They want real connections—direct access to their attorneys. They don’t want to be passed around to a variety of support staff. They want proactive communication that addresses their needs before issues arise. It’s not just about solving problems; it’s about preventing them. Doss Law delivers on this with a service model built on attorney accessibility and responsiveness to clients.
Superior Loan Documents
Lenders shouldn’t have to fix incomplete or non-compliant loan documents. They need packages that include everything upfront—state-specific disclosures, MLDS, and specialized forms for bridge and construction loans—without worrying about missed requirements or costly adjustments.
Doss Docs is dedicated to delivering exceptional loan documents. Every package is all-inclusive, covering everything lenders need to stay compliant in all 50 states. We go further by including features others don’t, like broker disclosure packages and detailed loan summaries that catch potential errors before they become problems. With Doss Docs, lenders get accuracy, efficiency, and peace of mind—no extra work required.
Barriers to Integration
Lenders are tired of tech that promises an easy implementation but drags out and ends up costly. Integrations are often slow, demand heavy IT resources from already stretched teams, and take several weeks—or even months—tying up customer IT with competing priorities.
Beneficial Ownership Information (BOI)
BOI compliance isn’t optional. Under the Corporate Transparency Act, businesses are required to report their beneficial owners. For lenders in community property states, this can get complicated fast—spousal ownership rights often blur the lines and make reporting even more challenging.
Getting it wrong isn’t just a headache; it can lead to penalties or serious delays. Lenders need a reporting process that’s clear, accurate, and reliable.
Doss Law takes the stress out of BOI compliance. We handle it all—filings, updates, and every detail in between. With secure systems and professional guidance, we make sure you’re covered, so you’re free to focus on growth.
AB 3108 Was the Talk of the Conference
California’s AB 3108 dominated the It’s a Broker World panel, where Chris Donovan, Partner at Doss Law, explained the serious implications of this new law. Misclassifying consumer loans as business-purpose loans is now a felony, raising the stakes for brokers and lenders alike.
Lenders wanted clear answers: How do you prove borrower intent? What documentation is strong enough to comply? What steps can you take to protect your business from risk? After the session, Chris had a line of lenders waiting to continue the conversation. AB 3108 isn’t just a concern— your business and your freedom are on the line.
Doss Law provides real solutions. We prepare legally sound business-purpose documentation that protects lenders from risk. From bridge loans to ZoomLock interviews, we provide tools to confirm borrower intent and compliance. AB 3108 demands precision, and Doss Law delivers.
Live, In Action—Breaking Down AB 3108
With Doss Law, you’re never caught off guard by new regulations—we’re prepared so you don’t have to be. On Thursday, November 21, Dennis Doss will host a webinar that turns AB 3108 inside out. He’ll cover the types of loans it applies to, the borrowers it impacts, the possible consumer-purpose standard used by prosecutors, and the defenses that can protect your business—and your freedom. Don’t miss this opportunity to get the knowledge and tools you need.
Get the inside track—details and registration here.
Private Lending’s Playbook Is Changing
Conversations at the AAPL Conference 2024 made it clear— private lending is pushing for higher standards. They’re demanding more—better service, smarter compliance, and the tools lenders need.
From experience to real solutions, Doss Law and Doss Docs deliver what lenders demand. If you’re ready for a partner who understands what’s happening and what’s next, we’re it.
