Looking for LMLO to originate seller financed notes in GA

[Curt Smith]

LMLOs are licensed in each state so don;t know if there's a business model for nationwide loan origination for investers selling with financing following Dodd Frank.  My local LMLOs I called are wanting $1500 for a $75k note doesn't make sense and also risks the Dodd Frank limits on expenses when you add up the other closing expenses the borrower pays.  I'm wanting to pay $750 to $795.  My loans are in GA.

[Curt Smith]

Hi James.  Nice to meet you.  I network with folks on topics like this face to face at GaREIA.org.  I find it's useful to have a network on line as well as local.

Be sure to use a loan servicer.  New CFPB rules coming out requiring use of a servicer.  It's in the lenders best interests anyway plus it takes the burden of reporting interest received to the IRS for the borrower.  I use trustFCI.com

I use a RMLO that charges $695.