Using an RMLO with owner financing
So I'm looking to buy a house and resell it via owner financing; from what I've read and researched it seems like a smarter decision than renting it out. Now, it seems smart to hire an RMLO to originate the loan, but I just want to know, how does that work?
Do I just send in the mortgage applications to the RMLO, and they take it from there? Can I just do this with any mortgage officer? I keep seeing people talking about hiring an RMLO, but they do not go into the logistics.