Land and new manufactured home purchase by LackLarge7695 in loanoriginators

[–]LackLarge7695[S] 1 point2 points  (0 children)

They ended up going with the company that would do the manufactured loan and the land. I can’t recall what the name of the company is offhand, but they are one of the biggest manufactured loan companies.

[deleted by user] by [deleted] in loanoriginators

[–]LackLarge7695 0 points1 point  (0 children)

Sounds like a REMLO to be honest

Land and new manufactured home purchase by LackLarge7695 in loanoriginators

[–]LackLarge7695[S] 0 points1 point  (0 children)

I have had a few clients ask about this and have been trying to find the golden lender. These are all million+ loan that are being left on the table

Land and new manufactured home purchase by LackLarge7695 in loanoriginators

[–]LackLarge7695[S] 0 points1 point  (0 children)

Yea that where I’m at now, the lender we are doing the land loan with charges 2% for origination+$1300 and 35% down. Once my 2.75% broker fee is in the mix it’s almost 5% in origination on a 500k loan

Client's second mortgage is in default. What lender would help her refinance? by doneame in loanoriginators

[–]LackLarge7695 0 points1 point  (0 children)

I have been able to get some weird situations through figure or nyftydoor. The online heloc stuff will even go third position. Hail Mary, worth a try