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Updated almost 5 years ago,

User Stats

161
Posts
26
Votes
Matt Smith
  • San Francisco, CA
26
Votes |
161
Posts

No NMLS lender ok?

Matt Smith
  • San Francisco, CA
Posted

I am buying a condo hotel. The loans are more difficult to get as expected but one lender and a good rate except one. However, they are a commercial lender apparently (not residential) and have no NMLS. Is it legit? Also, They are asking for a $2k engagement fee and claim the appraisal for a single condo is $2.5k. Should I even trust such business?

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