How To Know if a PML is Legit or a Scam?? Help Please

[Kai James]

Hey there,

Im a first time investor and I am looking to acquire funding through PML/HML. I am apart of a few groups on FB and I left my email on a post in the group. later in that same day I got an email from someone saying g that they are a PML. Im not sure what to look for as far as scams go. He is asking for origination fees upfront and loan processing fees as well. Should I be weary? Thanks in advance!

[Alejandro Ferro]

From my experience with HML anyone that charges an upfront processing fee or origination fee is most likely a scam. The appraisal fee is a different story as that goes to a third party. However, find another lender if they are asking for money up front to be safe.