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Updated over 9 years ago,
Help Needed Please
Hi All,
My name is Dilshad and recently I opened up my own mortgage business from home. I will be the one who will be giving money out of my pocket to borrower's against their collateral. I also Will NOT be offering FHA, Conventional, Fannie Mae etc loans. I will have my own personal secured loans to offer and my own underwriting guidelines. So that being said, what kind of Loan origination software do I need to use? I plan on hiring a loan officer, loan processor, and underwriter. Do I need compliance? This is what I am confused about because compliance is important but in my situation DO I need one? I will not be offering FHA and Conventional loans so please help. I already found out my Virginia State's licensing requirement, but please guide me to right direction of what type of software would a private investor in lending would need?