All Forum Posts by: Dilshad Randhawa

Hi All,

My name is Dilshad and recently I opened up my own mortgage business from home. I will be the one who will be giving money out of my pocket to borrower's against their collateral. I also Will NOT be offering FHA, Conventional, Fannie Mae etc loans. I will have my own personal secured loans to offer and my own underwriting guidelines. So that being said, what kind of Loan origination software do I need to use? I plan on hiring a loan officer, loan processor, and underwriter. Do I need compliance? This is what I am confused about because compliance is important but in my situation DO I need one? I will not be offering FHA and Conventional loans so please help. I already found out my Virginia State's licensing requirement, but please guide me to right direction of what type of software would a private investor in lending would need?

Thank you all for the support, the issue which I am having is there are several kinds of attorneys and I am trying to find a lending lawyer/attorney but becoming unsuccessful. The most I come up with is real estate attorney which I believe is different.

Hello All,

My name is Dilshad and I live in Virginia, USA. By profession, I am a software engineer and my goal is to become a "private lender". I've heard that you don't really need any license requirements, or any actual physical business to start. So, because I am totally new to private lender, I was wondering where can I get a face-to-face and online training on this subject? Please help me as I really want to be in this business.