@Terrance Bynum & @Susan Lo.

Absolutely not.If it were me, I would look to a lease option and then assigning the LO to a tenant/buyer who needs a helping hand toward home ownership while they get the credit together.

Act as  LO ( loan originator) without being property licensed to do so. 

Back before Dodd-Frank it was common practice for lenders to set it up so they get paid more for more work, but a lot of folks took advantage of this.It's not going to be hard to find someone licensed to broker who will do it now that refinance volume has mostly dried up (8 months ago = good luck), but "specializing" in these would make zero sense for a LO.... it's like asking you if you'd rather work 120 hours a week or 40 hours a week for the same pay. 

Also, If you are looking for a great LO reach out to @Jerry Padilla hes helped me with a couple buys and knows his stuff!

Then yes the option fee is your payment.Take the focus off the fee and run the numbers for the seller on a straight sale vs a LO.

if you ever get the chance, you should go check  out that “ Lo Lo chicken and waffle” spot  up the street it’s bomb!

I called the LO again and said that they wanted to write an offer.  

Does this happen often, cause I would think people never do a LO.

Yes...and no.When the LO is first set up, if you record the option agreement (as you should), there are recording costs.When the option agreement is exercised, you are buying the property.