All Forum Posts by: Vince Le
Vince Le has started 10 posts and replied 10 times.
Post: How to pay Referraral Fee to realtors in a legal way, and NOT as kick back? Thank you
- Posts 10
- Votes 1
How loan officiers can pay Referral Fee to realtors in a legal way, and NOT as kick back? Thank you
Post: Is it ok when MLO directly process loan with lenders?
- Posts 10
- Votes 1
Post: Is it ok when MLO directly process loan with lenders?
- Posts 10
- Votes 1
Post: Do independent MLO need to inform their current broker about ending the relationship?
- Posts 10
- Votes 1
Working as an independent mortgage loan officer for your broker, do you need to inform your current broker about ending the relationship before having a new broker? Or just need to update their sponsorship information on NMLS?
Thank you.
Post: How can a mortgage loan originator become a mortgage broker?
- Posts 10
- Votes 1
What will need to be done when a mortgage loan originator (who already passed the SAFE test and got the selective state education done) wants to become a mortgage broker to work for themself, so their commission won't split up? Thank you.
Post: will a loan officer need to take broker's exam, and finish states education?
- Posts 10
- Votes 1
After years working under a broker, will a mortgage loan originator with their individual license need to take any national exam, then study state education for each state that they wish to work again (but specifically for "broker") if there any, when they want to become a mortgage borker?
Thank you.
Post: What does "NO POINT & NO COST" mean when refinancing?
- Posts 10
- Votes 1
What does "NO POINT" mean in the ad: "Refinance your mortgage loan when interest rate goes very low with a lender offering NO POINT & NO COST?"
Thank you.
Post: When can a loan officer who is also a realtor work on the same transaction?
- Posts 10
- Votes 1
Does a loan officer who is also a realtor should work under one broker only (broker offers both mortgage loan and real estate services) to be able to work on the same transaction legally?
Thank you
Post: What's the difference between referral fee VS kickbacks?
- Posts 10
- Votes 1
What's the difference between referral fee VS kickbacks in mortgage loan & real estate industries?
In which ways loan officers can give referral fee to realtors, and vice versa?
Thank you very much.
Post: Borrowers need to submit what documents to loan officier for refinance?
- Posts 10
- Votes 1
This is my first file of refinance. What information that I need to collect as a loan officer?
or what documents will borrowers need to submit to the loan officer for refinancing?
Thank you very much