Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

If you set the vision and then define the roles and responsibilities I think you can have an easier time finding the person you are looking for.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

There are multiple potential strategies it's just really going to depend on your personal situation. 

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.

Many require that you keep funds separate from personal funds.

I will make that proposal to the person I am talking and see where it goes.

I'm now finally here in person, and have started to go view places in person with the intent of purchasing. 

I do not know how they are handling new customers verse the Midland existing customers.Regarding the customer service it seems the people I dealt with are still employed and only my "personal rep" as it were, was promoted and another took her place.