Echo Funding in Oklahoma | Swift Deal Funding
Echo Funding in Oklahoma
Echo funding covers your end buyer’s down payment at the closing table, then gets repaid directly out of the seller’s proceeds — in a wholesale deal, that means out of your assignment fee. The buyer brings less cash, the deal closes, and we are repaid the moment the title company disburses. In Oklahoma, funded down payments typically run $15,000 to $60,000, with capacity to $10 million. The fee is a flat 2.5% of what we fund, with nothing upfront.
This product lives in the assignment world, which in Oklahoma means it lives squarely under the 2021 Predatory Real Estate Wholesaler Prevention Act. Echo finances the buyer’s cash — it does not exempt you from the law. If you are assigning a contract, the statute expects you to be licensed or to disclose your equitable interest and resale intent to the seller in writing. Build that disclosure into your process; Echo simply makes the assignment economically possible by closing the buyer’s down-payment gap.
How Echo closes in Oklahoma
Oklahoma’s wet-funding rule is what makes Echo so clean here. Funds must sit in escrow before anything records, so on closing day the title company is simultaneously holding your assignment fee and our funded down payment. When the deal records, the escrow officer disburses to the seller, releases your fee, and pays our funded amount plus the 2.5% back from those proceeds — all in the same session. There is no separate post-closing wire to chase.
Because Oklahoma closes through title companies rather than a mandated closing attorney, your OKC or Tulsa title officer is who we coordinate with. We confirm before approval that they will route our repayment off the closing statement.
Echo example deal in Oklahoma
| Item | Amount |
|---|---|
| End-buyer purchase price | $230,000 |
| Wholesaler assignment fee | $28,000 |
| Down payment funded by Echo | $18,000 |
| Echo fee (2.5%) | $450 |
| Repaid to us at close (from assignment fee) | $18,450 |
| Wholesaler net | $9,550 |
The buyer brings far less to closing; your assignment fee absorbs our funded amount plus the fee, and you net the difference.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected through the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee at least equal to the funded down payment plus the 2.5% fee
- Oklahoma title company ready to disburse with Echo repayment included
- Compliant equitable-interest disclosure consistent with the 2021 Act
A typical Oklahoma Echo scenario
An OKC wholesaler ties up a property and finds an investor-buyer who is $18,000 short on the down payment but otherwise approved. The wholesaler has a $28,000 assignment fee and discloses their equitable interest to the seller in writing, per the 2021 Act. We fund the $18,000 down payment; the title company holds it alongside the assignment fee. At closing the seller is paid, our $18,450 is repaid from the fee, and the wholesaler nets $9,550 — and the buyer never had to scramble for cash that would have killed the deal.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the funded amount before approving. Standard turnaround is about 48 hours.
Frequently Asked Questions
Does Echo funding trigger Oklahoma's wholesaler disclosure rules? +
Echo funds your end buyer's down payment and gets repaid from your assignment fee, so the underlying deal is usually a contract assignment — exactly the structure the 2021 Predatory Real Estate Wholesaler Prevention Act addresses. You must either be licensed or disclose your equitable interest and assignment intent to the seller in writing. Echo does not change that obligation; it only finances the buyer's cash gap. Have an Oklahoma attorney confirm your disclosure language before you assign.
How does wet funding in Oklahoma affect Echo repayment? +
Oklahoma requires escrowed funds before recording, so the title company is already holding both your assignment fee and our funded down payment when the deal records. That makes Echo clean here — the title officer disburses to the seller, releases your assignment fee, and repays our funded amount plus the 2.5% fee from those same proceeds in one closing session. No second wire, no waiting on a post-closing transfer.
Will an Oklahoma title company allow an Echo repayment off the closing statement? +
Yes, as long as it's documented. We need the assignment contract to show a fee large enough to cover the funded down payment plus our 2.5%, and the title company prepared to disburse our repayment from seller proceeds at closing. Oklahoma closings run through title/escrow rather than a mandated attorney, so we line this up directly with your OKC or Tulsa title officer before the file is approved.
Apply for Echo Funding in Oklahoma
Submit your application online — same-day decisions for complete files before 2 PM Eastern.