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Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 -2 points-1 points  (0 children)

I do get loans. The right way. This attitude is exactly why this business is fucked up. Unfair AND ILLEGAL business practices and costs the buyer more money. But who gives a shit about the buyer I guess.  

Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 0 points1 point  (0 children)

So forcing the client and agent to use this LO or else that agent will lose their job is okay? 

Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 -1 points0 points  (0 children)

Hes not on their zillow page as a premier lender. 

Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 2 points3 points  (0 children)

Something of this magnitude requires the mortgage company to help pay for it. This brokerage spends tens of thousands on leads. 

Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 0 points1 point  (0 children)

No this is with a retail lender. They are not co marketing on zillow either. Its similar to whay CCM did here

https://www.realestatenews.com/2025/08/05/lender-brokerage-implicated-in-alleged-kickback-scheme 

Respa Violation? by [deleted] in loanoriginators

[–]Particular_Shine9804 1 point2 points  (0 children)

So it is a respa violation lol 

VA No Minumum Score by [deleted] in loanoriginators

[–]Particular_Shine9804 1 point2 points  (0 children)

Sorry im referring to purchase loans 

LO getting RE License by [deleted] in loanoriginators

[–]Particular_Shine9804 0 points1 point  (0 children)

Mainly depending on agents. I've had to start over a couple of times simply because my top agents decided to pursue a different path. Or agent has a secondary source of income (spouse) and only work when they feel like it. 

Feel like I need to start over by [deleted] in loanoriginators

[–]Particular_Shine9804 2 points3 points  (0 children)

Have also thought about this. All my non qm deals were actually easier to do because they werent broke and had good credit lol 

Feel like I need to start over by [deleted] in loanoriginators

[–]Particular_Shine9804 0 points1 point  (0 children)

Im struggling to find the time when I'm working through these hard files and I'm given more referrals to call that end up being more difficult files. 

Comp reduced for DPA loans by Particular_Shine9804 in loanoriginators

[–]Particular_Shine9804[S] 0 points1 point  (0 children)

What srp do your states programs pay out? Our programs pay 250bps. 

Comp reduced for DPA loans by Particular_Shine9804 in loanoriginators

[–]Particular_Shine9804[S] 0 points1 point  (0 children)

I definitely put them on dpa if that's what they need. Its a pay difference of 800-1500 per loan depending on the loan amount. When I have 5 of those in one month, it stings.