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Updated 5 months ago on . Most recent reply

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Andre Brock
  • Investor
  • Cleveland, OH
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Any experience on hiring a rmlo?

Andre Brock
  • Investor
  • Cleveland, OH
Posted

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank 

Have you hired a rmlo and how was the process? 

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Andre Brock:

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank 

Have you hired a rmlo and how was the process? 


 Yes we have (and I also have underwritten loans as a MLO). The process is getting allthe information together like the 1003, credit authorization form, bank statements, income statements etc. they will underwrite the file and confirm the borrowers ability to repay.

What state is this in?

  • Chris Seveney
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7e investments
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