I opened up my company after spending couple weeks going back and forth from NMLS to Texas SML, county clerk office, paying around fees, etc. and now trying to sign up with the lenders, here are the lenders I am trying to sign up, pls suggest/add anything I should do since I am not an expert:
Primary Purchase/Refi:
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1. Provident Funding: They gave instant conditional approval, don't know exactly what does that mean and I have 5-7 files lined up but hesitant to send those to them, did anybody has any experience with "Conditional Approval" and how it works?
2. Interbank: Contacted Texas AE for the last 2 weeks, submitted broker package and calling her/sending email couple times, NO response yet. I like them because they apply commonsense UW and term time is as good as PF, so to me, they are the better choice than PF.
For Texas Cash Out/Investment:
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1. Cole Taylor: Called the Texas AE 2 times and emailed 1 time for the last 2 weeks and didn't get any response from her yet
Please add more if you know best to work with. Also share your experience if you can please once you get started. I understand that, I am a fresh and small 3 man company, but there must be some lenders out there for them.
syntheticheroin Nitroglycerin
Joined: 05 Mar 2007
Posts: 646
Location: Lake of the Ozarks
it's like going on a road trip before you really know how to drive .. you will be an expert by the time you get there.
I'll suggest signing up with WWW.SMITH-WESSON.COM .. retain the best glass and brass law firm available .. you will need a hyper efficient private security detail and a team of talented mind readers on speed dial ... and maybe a prescription for something potent enough to keep you completely delirious enough to ..
you might also ask a few viable investment firms their opinion on the problems with mortgage and if covered mortgage bonds could ever be made to work.
just my 2 cents.
may the force be with you.
_________________ Rule Numero Uno: Don't Kill Yourself, Kill Somebody Else.
That's incorrect. It's 12% and rising rapidly after hitting its lows about a year and a half ago. The broker business is on a growth binge right now...
That's incorrect. It's 12% and rising rapidly after hitting its lows about a year and a half ago. The broker business is on a growth binge right now...
that is good news for Brokers, however it will never be the same as it was, this I do know
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