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Updated about 7 years ago,

User Stats

47
Posts
26
Votes
Jay Chekansky
  • Flipper/Rehabber
  • Charlotte, NC
26
Votes |
47
Posts

looking for RMLO in TN for owner finance deal

Jay Chekansky
  • Flipper/Rehabber
  • Charlotte, NC
Posted
Hey BP, I'm looking for some help from the group. I'm selling a recent rehab with owner financing. The plan is to generate the note for the buyer, discount it, and sell it to a private long term lender. My understanding is that to comply with Dodd Frank requirements, the buyer needs to be qualified through a residential mortgage loan originator? I've made a number of calls to Johnson City TN area mortgage brokers, but no one seems to be familiar with an owner finance deal like this. Can anyone refer me to a broker or independent loan officer that is familiar with owner financing deals? Any and all help is appreciated. Thanks, Jay

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