For this reason, it goes without saying that this “Guide” does not endorse any of the lenders on it’s lists.

1) If the Authorized Agent and the Principal both have Lender Insurance authority, the authorized agent may review and submit the loan for insurance endorsement on behalf of the Principal. 2) If the Principal has Lender Insurance authority and the Authorized Agent does not have this authority, the Principal will be required to review and insure their own loans using this authority. 3) If the Authorized Agent has Lender Insurance Authority and the Principal does not have this authority, the Authorized Agent will be required to submit a paper case binder to the applicable HOC for review and insurance endorsement.Handbook 4155.2: 8.B.4.b,8.C.3.aFor more information on the Lender Insurance program go to the LI website at: http://www.hud.gov/offices/hsg/sfh/lender/lendins.cfmAnd the Lender Insurance Final Rule (effective 02/24/2012) http://www.gpo.gov/fdsys/pkg/FR-2012-01-25/pdf/2012-1508.pdfFAQ: How does FHA define principal residence?

If you are involved in residential loans, you will want to obtain the NMLS endorsement for the CFL license for both your company and for any individual originator as an MLO.

The checks are joint checks and the home owner always has to endorse.

They have since changed how they do business but I do endorse their service.They are called National Tenant Networkhttp://www.ntnonline.com/As for the no shows, stand-ups, tire kickers, etc.I personally built a generic website to eliminate most of those issues.

An assignment is simply written on the contract and endorsed setting over your rights to purchase to others.

As to Jon's question of sorts, where the loan is sold...Direct Lender in the mortgage business usually referes to VA and FHA, where the term came from, that the lender is a direct endorser or lender, they approve and fund the loan and VA/FHA mortgage bankers have agreed to purchase the loan based on that lender's process.

I'm sure Bruce is a great guy based on the endorsements received in this thread.

Your local area REIA will have several wholesalers attending and if not, some of the other investors there should be able to point you in the right direction or wholesale you the deals they cannot/dont have time to complete.not an endorsement but try meetup.com to find groups in your area.

If someone says it's a bad idea and you come along and say they are wrong, that is endorsing the idea of teachers having guns and that is a statement of your position, without the qualification of them being deputized, which you did later clarify.