Marie Poe  in TX on a LO the seller must provide the mtg info and then submit an Auth to Release, or could also use a LPOA so the bank has permission to talk to the buyer. §5.016 is for a wrap or contract for deed, but does not apply to a lease option. 

The Mortgage license test for someone like me that has never really done owner occ loans and only HML was pretty tough since I never really worked in the space I passed first time but when Dodd frank came out it washed a lot of LO out who either could not pass or now your required to submit a Personal financial statement to the feds and state and have a bond..

Hay que aprender saber lo cual es bueno y comparar a lo cual sea malo.

Do your research and leverage your LO to explain your product options and of course make sure that the LO can provide the product you decide is best for you.

listing written in the style of Shakespeare:"In fair Verona, where we lay our scene,There stands a palace fair and bright,A spacious dwelling for travelers keen,To rest their heads and sleep through the night.Our luxurious bed doth beckon thee,With soft, plump pillows and silken sheets,To dream of fairies, mermaids, and the sea,Or simply slumber with no cares or feats.But lo, our palace is not just for sleep,For in its walls there are many delights,A kitchen stocked with all that thou mayst keep,And a common room to while away the nights.So come, dear traveler, and stay with us,In this fair palace where joy doth reign,And thou shalt leave with memories aplenty,Of thy time spent in fair Verona's domain."

I have a follow up question for you, @Eliott Elias: if it was between going with a lender you have an established relationship with and taking a chance on a new LO, what tips the scales for you personally?

@Lola Lo did you pull the trigger and invest?

Warps, CFD, L/O Financed Options and assumptions.

@Dave Savage I was just reading some of the post in many of the forums on here, there's a lot of information on here about LO and Sub-2 I'm just trying to find someone in my area who has experiences in putting these type of deals together.

Hi, I have been in contact with my LO about a duplex on the market.