26 August 2015 | 5 replies
When filling out the application for your license (or renewal) there are questions about if you have felonies, and if you check yes to write an explanation.
27 August 2015 | 6 replies
Legal Disclaimer: I am a licensed Mortgage Originator in IN, FL, OH anything I say may not be applicable to other states.
26 August 2015 | 5 replies
Apparently, they thought we entered an agreement that added them to our deed so that the mortgage could be taken over by them without having to go through mortgage application process.
26 August 2015 | 4 replies
You are asked to designate on the loan application whether or not you intend to occupy the property as a primary residence.
26 August 2015 | 0 replies
I've been sent a link to a Security National Mortgage Company application with the name of a licensed mortgage officer.The attractive part is getting rehabbed and rented properties with full financing.
30 August 2015 | 16 replies
While many of the concepts used to underwrite a loan by a lender are applicable, prudent for an individual, the personal knowledge you have about your borrower is what is most relied upon.
28 August 2015 | 4 replies
Grounds for denial of issuance of license or for disciplinary action(A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who:(1) makes a substantial misrepresentation involving a real estate transaction;(2) makes false promises of a character likely to influence, persuade, or induce;(3) pursues a continued and flagrant course of misrepresentation or makes false and misleading promises through associated licensees or through any medium of advertising or otherwise;(4) in the practice of real estate demonstrates bad faith, dishonesty, untrustworthiness, or incompetency in a manner as to endanger the interest of the public;(5) represents or attempts to represent a real estate broker other than his broker-in-charge or property manager-in-charge without the express knowledge and written consent of the employing broker-in-charge or property manager-in-charge;(6) guarantees or authorizes and permits any associated licensee to guarantee future profits from the resale of real estate;(7) makes a dual set of contracts, written or otherwise, by stating a sales price higher than the actual sales price in an effort to obtain a larger loan from a lender or lending institution or for the purpose of misinforming a governmental agency or any other reason;(8) is convicted of violating the federal and state fair housing laws, forgery, embezzlement, breach of trust, larceny, obtaining money or property under false pretense, extortion, fraud, conspiracy to defraud, or has been convicted of a violent crime as defined in Section 16-1-60, has been convicted during the previous five years of a felony directly related to the practice of the profession, or has been convicted during the previous seven years of a felony, an essential element of which is dishonesty, reasonably related to the practice of the profession, or pleading guilty or nolo contendere to any such offense in a court of competent jurisdiction of this State, any other state, or any federal court;(9) fails to report to the department in writing by certified mail, within ten days, notice of conviction of a crime provided for in item (8);(10) fails, within a reasonable time, to account for or to remit any monies coming into his possession which belong to others;(11) pays a commission or compensation to an unlicensed individual for activities requiring a license under this chapter.
13 May 2016 | 7 replies
I would make an appt. w/ current PM, take a couple hours off work, have a physical list of grievances with a copy to retain for your records, inform them of your dissatisfaction and demand that they waive any early termination clause and/or fee's (if applicable) associated with that.
31 August 2015 | 2 replies
I am primary mobile applications developer for CUC Soft.
27 September 2015 | 12 replies
Hence my question about what can I do today to get this kind of financing in the future.Working on getting my first conventional loan I saw, and discussed with loan originators about the qualifications of the applicant.