Can A Residential Mortgage Lender Underwrite Loans for self

[David Mirza]

I live in California and have a real estate broker license. This qualifies me to be a residential mortgage lender.  Does Fannie Mae/Freddie Mac allow an RML to write loans for self/spouse?  Is anybody doing this?  On average how much would I save on a 400k cash out refi?

[Chris Mason]

Not sure if serious or troll, but no you cannot originate your own Agency loan, even if you have your NMLS.

When full time professional loan originators do each other's loans, we generally just take turns so it's a wash. I'll get paid on yours, you get paid on mine, that sort of thing. A prerequisite is that the other party needs to be someone I'd actually trust to handle it in terms of competence etc.