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Updated almost 8 years ago on . Most recent reply
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Seeking MLO in/near Tacoma
Hi BP community!
I'm looking for a good MLO (mortgage loan originator/officer) in the Tacoma/S.Tacoma or surrounding area.
Anybody know of/use one?
Thanks in advance for any leads, I appreciate it!
Most Popular Reply
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Just a follow up, unfortunately Carolyn Kulp is unable to be an LMLO for private sellers. She can only underwrite loans "in-house" :(
I'll provide a few more details on what I need, perhaps that can help:
I'm looking for an licensed mortgage loan originator (LMLO) to underwrite a private sale of a used mobile home in a park (seller financing). I'm going to be selling mobile homes in parks on payments (considered private property, not real estate). In order to conform with the Dodd-Frank/SAFE act I need a licensed person to originate the loan - I cannot do it myself. I need an LMLO to take an application (FNMA form 1003) and draw up the documents (Good Faith Estimate, Truth in Lending, etc). That's about it! Basically ensure that the person I'm lending to meets my lending criteria.
Should be a simple transaction, and keeps me on the safe side of the law (no pun intended ;). Investors are doing this around the country and it usually only costs a few hundred bucks.
Again I'm in Tacoma. Thanks everyone for your help!