--- title: What due diligence is done on hard money loans? Why is credit score and income not shared? description: Why is credit score and income not shared? A hard money loan is backed by equity in marketable real estate. As lenders you need to know that it has been verified that the equity is there. These loans --- [Skip to content](https://learning.addyinvest.com/what-due-diligence-is-done-on-hard-money-loans#main-content) English Show submenu for translations ![addy logo.png\]](https://learning.addyinvest.com/hs-fs/hubfs/logos%20-%20addy/addy%20logo.png?height=40&name=addy%20logo.png) Open main navigation Close main navigation - English Show submenu for translations - [Go to addyinvest.ca](https://addyinvest.ca/) [Go to addyinvest.ca](https://addyinvest.ca/?hsLang=en) Hello 👋 How can we help you? - There are no suggestions because the search field is empty. 1. [addy Help Centre](https://learning.addyinvest.com/?hsLang=en) 2. [Hard Money Loans](https://learning.addyinvest.com/hard-money-loans?hsLang=en) 3. [For Lenders](https://learning.addyinvest.com/hard-money-loans?hsLang=en#for-lenders) # What due diligence is done on hard money loans? Why is credit score and income not shared? **To ensure borrowers privacy is maintained; the addy platform will verify that:** 1. Red Point Law acted for the Lender and provided the borrowers Lawyer/Notary with instructions. 2. Borrower had Independent Legal Advice (ILA) from their Notary/ Lawyer on the loan agreement. 3. Red Point Law registered the mortgage on title. 4. The property was recently appraised by a licensed appraiser. 5. The LTV is verified by the appraisal value and statements of the existing charges on title. 6. If there is an existing floating mortgaging (HELOC) our charge takes priority right after the stated balance of first charge on date of registration. **The platform will never disclose:** 1. Exact address of the property 2. The credit score (we use internally only) 3. The borrowers name **Why is credit score and income not shared?** A hard money loan is backed by equity in marketable real estate. As lenders you need to know that it has been verified that the equity is there. 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