A mortgage broker connects borrowers with lenders, helping buyers and investors find and secure financing by shopping their loan among multiple lenders, advising on options, and facilitating the loan process, in exchange for fees or lender-paid commissions.
Log in to followWe're four originators and a processor. Purchase volume is holding but refi is basically gone, and two of the four are living off a pipeline that's thinner than it was. I've been…
Quote in front of me on a $480k cash-out refi of a rental held in an LLC. Broker fee 2 points, plus a $1,495 processing fee, and the lender's term sheet separately shows 1.5 origi…
I'm partway through the 20-hour SAFE course and an AE at a fix-and-flip lender told me to stop, that since all their loans are business purpose to entities I don't need an MLO lic…
I'm looking at backing a two-person brokerage that wants to move most of its volume to investor loans, and I can't get the revenue model straight in my head. On the conventional s…