Questions to ask if you are enticed in any way
- What is the name of your federaly charter. Do not let them say we will supply after sign up it never happens.
- Ask for closing statements. Clsoing cost approache $2300 per loan. This is on top of legit lenders like Taylor Bean etc. No way to recappture these cost. It is out of yur pocket.
- There lender of recorde is Nations Funding Source. Now you can sign up with this compnay with out Steltmen / virtual branch / Mortgage Banc or who ever they are working uonder today. Steltmen is a MLM marketing group that ask me to change the name of my company, instaed of providing there FEDERAL CHARTER. They do not have one or would not provide to us.
-I have been a Mortgage Broker for 20 years, and before the last 2 years my vloume is 18.6 million per year. I work in a state that the aver loan is $175,000k. You would make under 50 k with that volume, with this company. If your are pro you know how much work 18 mm is in a small loan market.
_ This company changes its name all the time. So be forwared to do you due dillgence to stay away from this entity no matter what name the run under.
_ You can get a better and real deal with other companies. Trust me this is not sour grapes. If I read this before i would have saved $3500 bucks
0 comments