The CFPB is considering changes in the LO comp rules to permit adjustments to a loan originator's compensation in connection with originating State housing finance authority loans to pay varying compensation. The Bureau also plans to examine whether to allow creditors to reduce an LO's compensation if the LO makes an error in the loan process.
Here's how you can make major changes in your mortgage business! Contact me about our opportunities!
Look at these advantages:
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Originate in all 50 states immediately.
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No additional State Licensing required.
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Compliance and Processing provided.
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Closings under 25 days, average 15 days.
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Conventional: Fannie Mae + HomeReady & HomeStyle, and Freddie Mac + Home Possible and Manufactured Home loans.
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Government: FHA, VA, USDA loans: including Reverse and One-Time Close Construction loans.
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Jumbo, Super Jumbo and High Balance.
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Non-QM products: Bank Statement, Doctor loans, Non-Warrantable Condo's, Foreign National, ITIN, Investor Cash-Flow and Asset Depletion loans.
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We work with many wholesale lenders.
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Company Laptop, with Encompass, pricing & business software.
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Marketing and Branding support.
- Personalized phone app.
Texana Bank is an equal opportunity employer.
Contact Trent Dalrymple - (248) 854-0625 or trent.dalrymple@texanabank.com for more.
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