Brokering your own mortgages

[Daniel B.]

Hello, My wife and I own a several rental properties, all of them financed, most of ten twice using the brrrr strategy. I have my real estate license, although I am not active with it. I mainly use it for access to the MLS, although I will sometimes earn a commission on the buying side, or ask for a 25% referral fee on the selling/leasing side. I know a lot of investors will get their real estate license to do something similar. Can I do something similar with getting a mortgage broker license? I am mainly just wanting to do my own loans, possibly a few other investors. I can't find a lot of information online about being a part time mortgage broker for this purpose. This would be a side business/income. Is it legal to submit your own loans? How much commission do brokers typically earn? I have heard 1-2% of the loan amount, but can't find anything recent since all the new regs. Has anyone else done this or have advice on this? How much wiggle room do brokers have in terms of submitting mortgages for a lower interest rate and earning less on the commission, etc. any advice is greatly appreciated. Thanks in Advance. Daniel