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Updated over 8 years ago,

Miguel G.'s profile image
Miguel G.'s profile image
Miguel G.
  • from Overland Park, Kansas
  • Member since Feb 23, 2015
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User Stats

70
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20
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Miguel G.'s profile image
Miguel G.'s profile image
Miguel G.
  • from Overland Park, Kansas
  • Member since Feb 23, 2015
Connect
Miguel G.
  • Overland Park, KS
20
Votes |
70
Posts
Buying & Selling Real Estate

Dodd Frank/Safe Act

Miguel G.
  • Overland Park, KS
Posted

I was planning on buying properties and sell them using owner finance. Then, I read the Dodd Frank and SAFE acts and ran into a road block. I heard that you need a Mortgate Loan Originator.

All I wanted to do originally was signed a Deed of Trust reviewed by an attorney but it seems I'll also need an MLO to be compliant with this regulation. 

Is anybody out there doing investor seller financing? Can you tell me the process to be compliant with this regulation? How do you find an MLO?

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