As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...
Hey!
I'm currently doing a renovation In Bedford Stuyvesant New York on a 4 family apartment. I'm trying to find some plans that show the dimensions, year property built, etc. Any advice where to look?
I've tried ...
What is the difference between loan servicing and loan origination?
I posted this question but found out the answer already
I was wondering for the purpose of starting out, if the premise of this strategy would work. I would like to get into Note Investing. So I was thinking, could I as an individual take financing from my own LLC to buy...
I'm refinancing a commercial property in the US for the first time. $1.7m loan, 65% LTV. One LOI I've received has quoted a 2% origination fee, which seems high to me. (Broker has a 1% fee on top). Presumably negotiab...
When dealing with an out of state seller is it ok to fax the purchase agreement back and forth or does title require an original?
I'm looking to slowly build my skills as a loan originator and any secondary sources like online courses, seminars or books to improve my limited knowledge on the subject would be great. I'm primarily involved with ...
So I just purchased my first 6 plex and I'm renovating one of the units. I've pulled up the carpets and there are the original hardwoods in great shape just needing to be refinished. my question is, is it worth it to ...
Is it normal for private lenders to require the loan origination fee be sent as part of loan approval, prior to closing? Or is this a red flag that it is a scam?