Towards all loan software you can not end up being a real estate agent and you will MLO for the same customer
Brand new additional mortgage bond market with not get MBS towards mortgages that have a comparable mortgage maker and you can realtor for similar purchase.
My wife ’s the agent out of number of our own short people off Real estate professionals and i am an agent. Both of us introduced the fresh new NMLS test now into the Ca. Are you willing to come across people points of me personally performing a property and her creating the mortgage for the coming subscribers?
That needs to be fine. You only try not to represent the buyer into each party of deal while the a representative and you may mortgage administrator meanwhile.
A good afternoon Brief concern. I’m a licnsed Real estate professional and you will Authorized LO inside the Florida. As mentioned over, “Real estate professionals who happen to be signed up loan officers Never originate FHA Fund for their particular a house members Although not, they could originate whichever old-fashioned loan, jumbo loan, profile mortgage, otherwise commercial financing to own own a home buyer.”
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I am aware i will function as realtor and you can lo towards a great traditional transaction when symbolizing a purchaser. FHA try a no go.
Thus in reality, you simply cannot feel a representative and you will financing manager for a passing fancy customer meanwhile
My personal Matter: In the event that my realestate agent features an FHA customer he could be symbolizing towards the a-sale and would want in my situation to assist in new FHA resource, do i need to perform some mortgage since i are perhaps not the newest real estate professional in the event my realestate licenses has been you to representative. Read More