Typically, you'll be licensed and will receive bps on the LO's production, as well as the ability to originate your own loans at full comp when you come across the opportunity.

They had carpeted the bedrooms and common areas, and the living room was still original wood...well I decided to pull up the old carpet and lo and behold - original wood in pristine condition.

You're relying on LO's judgment which is risky unless you're A paper. 

You will have an LO offering you the moon and the stars and they will switch your terms at the last minute.

Make sure a competent LO with a NMLS number runs the numbers from you.

Your LO or broker is explaining it wrong if that's what they said.

As I stated before, there are good operators and bad actors in all areas of real estate. one of the reasons Jim is so against this is the LO model was ABUSED horribly in the Rust belt.

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

Question from the back of the classroom Isn't there more than 1 way to structure LO's?

Hi BP, loan officer (broker) here. I recently came across an opportunity to help a builder with their financing. They have a $5mil builder loan for a 20 unit townhome community they are looking to refinance. I’m looki...