Looking for a Mortgage Loan Originator

[Kevin Mika]

I am looking to find a A licensed and Safe Act approved Residential Mortgage Loan Originator (RMLO) in the Tampa, Clearwater, St. Pete area. I am looking having them underwrite mortgages for me. I want to make sure that I comply with the Dodd Frank and the Safe Act laws. If you have any suggestions please let me know.  Thanks Kevin

[Ken Rishel]

Originally posted by @Rick Maningas:

@Curt Smith two questions. Does using a RMLO mean you can sell a house using a land contract with a ballon?

If each house is owned by a separate LLC, does this make each house fall within the 1-3 house rule so I can sell more than 3 because they are owned under separate LLCs?

Thank You. 

Rick

 You can do a lot of things until you get caught. The RMLO issue has been discussed in detail here so you should use the forum search feature. Do the same for de minimis . While you are at it, look up RICO and realize what you are proposing fits the definition. Then read up on Unfair, Deceptive, or Abusive Acts or Practices Act with the same thought in mind.

When you are done with that, consider you lack a Compliance Management System so the IRS, the FTC, FinCEN, and OFAC might also want to visit you in addition to the CFPB.