Skip to content

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

User Stats

117
Posts
75
Votes
Andre Brock
  • Investor
  • Cleveland, OH
75
Votes |
117
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

21,294
Posts
18,855
Votes
Chris Seveney
  • Investor
  • VA
18,855
Votes |
21,294
Posts
Chris Seveney
  • Investor
  • VA
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
3 Reviews

Loading replies...