Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

105
Posts
72
Votes
Andre Brock
  • Investor
  • Cleveland, OH
72
Votes |
105
Posts

Any experience on hiring a rmlo?

Andre Brock
  • Investor
  • Cleveland, OH
Posted

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank 

Have you hired a rmlo and how was the process? 

Most Popular Reply

User Stats

19,439
Posts
17,116
Votes
Chris Seveney
  • Investor
  • Virginia
17,116
Votes |
19,439
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Andre Brock:

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank 

Have you hired a rmlo and how was the process? 


 Yes we have (and I also have underwritten loans as a MLO). The process is getting allthe information together like the 1003, credit authorization form, bank statements, income statements etc. they will underwrite the file and confirm the borrowers ability to repay.

What state is this in?

  • Chris Seveney
business profile image
7e investments
5.0 stars
2 Reviews

Loading replies...