| Author |
Previous Topic | Next Topic |
|
jstbkoz
6 Posts |
 Posted - 07/21/2008 : 4:28:59 PM
|
I have currently do over 40-50 loans per month (I have the ability to generate 4 times more). I am a Loan Originator with about 1 year mortgage experience and 10+ years of marketing experience. I strictly originate and usually team up with other Mortgage Brokers and Loan officers that see the loan through to closing. All of my leads are EXCLUSIVE to me and developed through my own personal channels. I don't sell or buy leads.
I am looking to team up with an experienced Loan Officer or Mortgage Broker that can help me close loans and teach me the back end of the business. I can bring the deals and in return I would expect a fair commission split and some mentoring so I can become self reliant in his industry. If you are interested in the partnership I described please contact me or leave a post here. |
|
rijuroy
369 Posts |
Posted - 07/21/2008 : 4:48:49 PM
|
| I am a little confused by your defination of loan originator... firstly are you licensed, do you take the complete application, gather the income docs, run du/lp , order appraisals and then have someone process it?.. or you just generate a lead .. very confusing... I am willing to work with you provided everything we do is legit. |
|
|
jstbkoz
6 Posts |
Posted - 07/21/2008 : 5:02:22 PM
|
quote:
Originally posted by rijuroy
I am a little confused by your defination of loan originator... firstly are you licensed, do you take the complete application, gather the income docs, run du/lp , order appraisals and then have someone process it?.. or you just generate a lead .. very confusing... I am willing to work with you provided everything we do is legit.
No I am not licensed as of yet. I usually find the deals. I network with contractors, associations, run the media drivers (radio, t.v., ad print) and take the 1003. I also have a call center that I have a call blended with both inbound and outbound depending on the call spikes that are generated from the media drivers. In the past It was usually me on the 1003. However I do work it out I definatley want it to be legal also. Maybe what would be best is to find a company that would invest in training me the rest of the way in order to get my business. |
|
|
mojojojo_1
838 Posts |
Posted - 07/21/2008 : 5:29:33 PM
|
| i was expecting the oppisite, I NEED HELP 0 orgination. glad you need help congrats... bitter |
|
|
rcossin
158 Posts |
Posted - 07/21/2008 : 5:35:40 PM
|
Hey Brad
I run a couple of shops right now in different areas of the country and we are a Fed Charter so can do all 50 states without licensing requirements. We have our own national in-bound call lead generation system that we have teamed up with other shops on so don't worry about us trying to buy these leads from you. However I can definitely work something out with you that is 100% legit and would be more than happy to work it out to where you could work it into your own branch with the bank if you wanted. Give me a call if you like and we can work something out that makes good sense as far as split. If you have a way of generating 4 times more then I would set you up in a way that you could do that kind of volume with no problem.
|
|
|
RANDY P
2826 Posts |
Posted - 07/21/2008 : 6:12:02 PM
|
quote:
Originally posted by jstbkoz
quote:
Originally posted by rijuroy
I am a little confused by your defination of loan originator... firstly are you licensed, do you take the complete application, gather the income docs, run du/lp , order appraisals and then have someone process it?.. or you just generate a lead .. very confusing... I am willing to work with you provided everything we do is legit.
No I am not licensed as of yet. I usually find the deals. I network with contractors, associations, run the media drivers (radio, t.v., ad print) and take the 1003. I also have a call center that I have a call blended with both inbound and outbound depending on the call spikes that are generated from the media drivers. In the past It was usually me on the 1003. However I do work it out I definatley want it to be legal also. Maybe what would be best is to find a company that would invest in training me the rest of the way in order to get my business.
If you're not licensed how can you say you're doing anything? You CANNOT originate by your definition.
Call it what it is - a pay-per-lead vendor arrangement.
PS- 50 apps a month is NO PROBLEM. 50 qualified borrowers is.
rjp |
|
|
jstbkoz
6 Posts |
Posted - 07/21/2008 : 6:25:04 PM
|
quote:
Originally posted by RANDY P
quote:
Originally posted by jstbkoz
quote:
Originally posted by rijuroy
I am a little confused by your defination of loan originator... firstly are you licensed, do you take the complete application, gather the income docs, run du/lp , order appraisals and then have someone process it?.. or you just generate a lead .. very confusing... I am willing to work with you provided everything we do is legit.
No I am not licensed as of yet. I usually find the deals. I network with contractors, associations, run the media drivers (radio, t.v., ad print) and take the 1003. I also have a call center that I have a call blended with both inbound and outbound depending on the call spikes that are generated from the media drivers. In the past It was usually me on the 1003. However I do work it out I definatley want it to be legal also. Maybe what would be best is to find a company that would invest in training me the rest of the way in order to get my business.
If you're not licensed how can you say you're doing anything? You CANNOT originate by your definition.
Call it what it is - a pay-per-lead vendor arrangement.
PS- 50 apps a month is NO PROBLEM. 50 qualified borrowers is.
rjp
I am not sure what by what you are getting at in your post. If you read ALL of my posts in this thread you would probably understand a little more clearer. I guess your tring to call me a lead broker which I am not. I originate or find the borrowers... And it is 50 deals closed per month.. NOT 50 1003's... Like I said in my last post in this thread I usually had a mentor (Mortgage Broker) that helped me close the deals. He passed away and I am looking for someone to help me close future deals. So In conclusion I really am not sure about your "PAY-PER-LEAD" comment was refering to. And I am not sure what you mean by the "ORIGINATE" comment. These are my clients... That I derive from my own marketing techniques. I am not a lead broker for I don't sell leads. Hope that clears anything up for you. And by the way.. I don't need a license in the State I live in . Thanks. |
|
|
RANDY P
2826 Posts |
Posted - 07/21/2008 : 6:33:18 PM
|
I repeat, how can you originate (therefore "close" 50 loans a month- also unverified) without a license? 50 closings, without a formal licensing?
Either-
1) you are ineligible for a license
2) you are looking to co-broker and get paid a hell a lot more per lead than simply selling them would allow. Like legitimate lead vendors. Without a license this is illegal.
If you get a broker's license and employ the LO in question to "help" you then it would be a typical arrangement. Your arrangement suggests "co-brokering". Of course, the "assistant" would have the license to originate and therefore the costs around it- credit reports, mail etc. etc.
If someone is dumb enough to pay you after the fact they are risking their licensing and you both may serve time for this.
rjp
EDIT: what state are you in?
|
|
|
clearwaterny
347 Posts |
Posted - 07/21/2008 : 6:33:24 PM
|
| You live in Florida, as far as I know you have to be licensed in the state of FL in order to originate loans. |
|
|
RANDY P
2826 Posts |
Posted - 07/21/2008 : 6:35:12 PM
|
quote:
Originally posted by clearwaterny
You live in Florida, as far as I know you have to be licensed in the state of FL in order to originate loans.
Yep, a state with individual LO requirements.
This makes it a guy selling leads looking for a big cut. But wait! It's not "selling" anything if you don't pay for it before you take it, right?
Semantics. that's all.
rjp |
|
|
jstbkoz
6 Posts |
Posted - 07/21/2008 : 6:39:20 PM
|
quote:
Originally posted by RANDY P
I repeat, how can you originate (therefore "close" 50 loans a month- also unverified) without a license? 50 closings, without a formal licensing?
Either-
1) you are ineligible for a license
2) you are looking to co-broker and get paid a hell a lot more per lead than simply selling them would allow. Like legitimate lead vendors. Without a license this is illegal.
If you get a broker's license and employ the LO in question to "help" you then it would be a typical arrangement. Your arrangement suggests "co-brokering". Of course, the "assistant" would have the license to originate and therefore the costs around it- credit reports, mail etc. etc.
If someone is dumb enough to pay you after the fact they are risking their licensing and you both may serve time for this.
rjp
EDIT: what state are you in?
I am sorry.... I should have also mentioned that I will be taking my broker test within the next month. But having said that it is just info to pass the exam that I am studying. I still need someone to take me under there wing for atleast a year in Florida. Are you a lead broker or something? |
|
|
dkendall1979
10123 Posts |
Posted - 07/21/2008 : 6:40:08 PM
|
Take their criticism constructively. Get licensed! It's important. In the meantime, park your butt in a long-standing mortgage brokers office (You don't want to be working at a lender, you'll get a crap split and limited programs) and keep doing what you're doing. Get your continuing education going in the evenings and get licensed ASAP. As long as you're working towards getting legal, you'll be OK.
Btw... sorry to hear about your loss. If you were in CA, I'd be able to send you to 100 brokers who would be happy to help you out.
quote:
Originally posted by jstbkoz
I have currently originate over 40-50 loans per month (I have the ability to generate 4 times more). I am a Loan Originator with about 1 year mortgage experience and 10+ years of marketing experience. I strictly originate and usually team up with other Mortgage Brokers and Loan officers that see the loan through to closing. All of my leads are EXCLUSIVE to me and developed through my own personal channels. I don't sell or buy leads.
I am looking to team up with an experienced Loan Officer or Mortgage Broker that can help me close loans and teach me the back end of the business. I can bring the deals and in return I would expect a fair commission split and some mentoring so I can become self reliant in his industry. If you are interested in the partnership I described please contact me or leave a post here.
|
|
|
RANDY P
2826 Posts |
Posted - 07/21/2008 : 6:41:57 PM
|
Nope, not a lead broker. But what you suggest is unlicensed activity. Sorry about your loss.
rjp
quote:
Originally posted by jstbkoz
quote:
Originally posted by RANDY P
I repeat, how can you originate (therefore "close" 50 loans a month- also unverified) without a license? 50 closings, without a formal licensing?
Either-
1) you are ineligible for a license
2) you are looking to co-broker and get paid a hell a lot more per lead than simply selling them would allow. Like legitimate lead vendors. Without a license this is illegal.
If you get a broker's license and employ the LO in question to "help" you then it would be a typical arrangement. Your arrangement suggests "co-brokering". Of course, the "assistant" would have the license to originate and therefore the costs around it- credit reports, mail etc. etc.
If someone is dumb enough to pay you after the fact they are risking their licensing and you both may serve time for this.
rjp
EDIT: what state are you in?
I am sorry.... I should have also mentioned that I will be taking my broker test within the next month. But having said that it is just info to pass the exam that I am studying. I still need someone to take me under there wing for atleast a year in Florida. Are you a lead broker or something?
|
|
|
jstbkoz
6 Posts |
Posted - 07/21/2008 : 6:43:22 PM
|
quote:
Originally posted by dkendall1979
Take their criticism constructively. Get licensed! It's important. In the meantime, park your butt in a long-standing mortgage brokers office (You don't want to be working at a lender, you'll get a crap split and limited programs) and keep doing what you're doing. Get your continuing education going in the evenings and get licensed ASAP. As long as you're working towards getting legal, you'll be OK.
Btw... sorry to hear about your loss. If you were in CA, I'd be able to send you to 100 brokers who would be happy to help you out.
quote:
Originally posted by jstbkoz
I have currently originate over 40-50 loans per month (I have the ability to generate 4 times more). I am a Loan Originator with about 1 year mortgage experience and 10+ years of marketing experience. I strictly originate and usually team up with other Mortgage Brokers and Loan officers that see the loan through to closing. All of my leads are EXCLUSIVE to me and developed through my own personal channels. I don't sell or buy leads.
I am looking to team up with an experienced Loan Officer or Mortgage Broker that can help me close loans and teach me the back end of the business. I can bring the deals and in return I would expect a fair commission split and some mentoring so I can become self reliant in his industry. If you are interested in the partnership I described please contact me or leave a post here.
Thank you for the help.. I appreciate it... That is why I am here.. Much appreciated..
|
|
|
dkendall1979
10123 Posts |
Posted - 07/21/2008 : 6:46:26 PM
|
2yrs ago, I wouldn't have even told you to get licensed, but the day is fast upon us that every non-licensed LO will be sitting in a jail cell soon.
For now, you got to rough it out and be a paid "Originator" for a corporation. At least, I think FL works the same as CA. Please check with those who would know better than me. But, if I were a broker and you presented me with 50 closed loans a month, I would find a way to accomodate you. |
|
|
rcossin
158 Posts |
Posted - 07/22/2008 : 11:52:50 AM
|
| If you sign up as a branch under a Fed Charter you do not need to be licensed. The hard part is being able to get approved by a Fed Charter without having a brick and mortar. Lots of advantages if you are signed up with the right Bank. I have a guy in Jersey that I have a similar deal with that he is working into his own branch. I sure that we can come up with a split that you would like and also get the training necessary to set up a shop of your own, if that's what you want that is set up the right way to allow the volume that you want to do. |
|
|
Redfisher
118 Posts |
Posted - 07/22/2008 : 11:57:28 AM
|
In Florida you can work for a mortgage lender and originate without a mortgage brokerage license. If you work for a mortgage brokerage company, you need to be licensed to originate.
I'm in Pinellas, a little far for mentoring but if you need any help, let me know.. |
|
|
scottanthony
2993 Posts |
Posted - 07/22/2008 : 12:51:11 PM
|
quote:
Originally posted by dkendall1979
As long as you're working towards getting legal, you'll be OK.
That is total BS! This is the crap attitude that has permeated our industry for years. "Working towards getting legal"? Whatever.
If YOUR name is on any loan document and YOU are not licensed to do so, you have committed FRAUD. PERIOD. I don't give a damn about your intentions. Oh, and before y'all give this guy the benefit of the doubt, there's usually a whole lot more behind every story on the net and I'm guessing there have been a lot more questionable actions done by this guy.
Yeah, I'll call you out. You have your own call center?? Exactly how difficult is it to get a darn license then? 40-50 loans closed a month? in florida? I call BS...and we all know how much people like to brag in cyberspace. |
|
|
mantixmortgage
2717 Posts |
Posted - 07/22/2008 : 12:54:06 PM
|
50 closed loans a month? 1 year experience?
no knowledge of the "back end" of the business?
how can i be more like you!? |
|
|
dkendall1979
10123 Posts |
Posted - 07/22/2008 : 12:56:19 PM
|
I'm actually fairly certain that a mortgage broker can originate loans while working towards their brokers license. You exerted a portion of my reply out of context. What I was telling the poster was he needed to get himself into an office where the broker was operating legally and get working on obtaining his R/E license ASAP.
quote:
Originally posted by scottanthony
quote:
Originally posted by dkendall1979
As long as you're working towards getting legal, you'll be OK.
That is total BS! This is the crap attitude that has permeated our industry for years. "Working towards getting legal"? Whatever.
If YOUR name is on any loan document and YOU are not licensed to do so, you have committed FRAUD. PERIOD. I don't give a damn about your intentions. Oh, and before y'all give this guy the benefit of the doubt, there's usually a whole lot more behind every story on the net and I'm guessing there have been a lot more questionable actions done by this guy.
Yeah, I'll call you out. You have your own call center?? Exactly how difficult is it to get a darn license then? 40-50 loans closed a month? in florida? I call BS...and we all know how much people like to brag in cyberspace.
|
|
|
RGK2394
1211 Posts |
Posted - 07/22/2008 : 1:30:31 PM
|
quote:
Originally posted by dkendall1979
2yrs ago, I wouldn't have even told you to get licensed, but the day is fast upon us that every non-licensed LO will be sitting in a jail cell soon.
I'm wondering why you made this statement? You thinking people will still be trying to originate once the nat'l licensing kicks in? |
|
|
homebroker@sbcgl
3413 Posts |
Posted - 07/22/2008 : 2:31:04 PM
|
| Get set up with a direct lender, you do not need a license. |
|
|
mgraham224
1008 Posts |
Posted - 07/22/2008 : 10:56:08 PM
|
Really?!
No one has replied calling this out yet? i'm surprised...
If a person named brad kozlow has funded 50 loans in a month, I will personally drop everything I'm doing, move to florida, and mentor him free of charge AND foot the bill for a florida branch AND pay him 100%.
C'mon... You guys are buying this?
Brad, Are you commuting from Hudson to Weeki Watchi or did you put the wheels back on and relocate? Sorry dude, but I'm in a fiesty mood tonight and I wouldn't believe it until I'd seen it. But feel free to prove me wrong and I'll be YOUR assistant.
|
|
|
KHufford
5913 Posts |
Posted - 07/22/2008 : 11:00:02 PM
|
quote:
Originally posted by mgraham224
Really?!
No one has replied calling this out yet? i'm surprised...
If a person named brad kozlow has funded 50 loans in a month, I will personally drop everything I'm doing, move to florida, and mentor him free of charge AND foot the bill for a florida branch AND pay him 100%.
C'mon... You guys are buying this?
Brad, Are you commuting from Hudson to Weeki Watchi or did you put the wheels back on and relocate? Sorry dude, but I'm in a fiesty mood tonight and I wouldn't believe it until I'd seen it. But feel free to prove me wrong and I'll be YOUR assistant.
Good call, Matty.
|
|
|
mgraham224
1008 Posts |
Posted - 07/22/2008 : 11:13:52 PM
|
quote:
Originally posted by KHufford
quote:
Originally posted by mgraham224
Really?!
No one has replied calling this out yet? i'm surprised...
If a person named brad kozlow has funded 50 loans in a month, I will personally drop everything I'm doing, move to florida, and mentor him free of charge AND foot the bill for a florida branch AND pay him 100%.
C'mon... You guys are buying this?
Brad, Are you commuting from Hudson to Weeki Watchi or did you put the wheels back on and relocate? Sorry dude, but I'm in a fiesty mood tonight and I wouldn't believe it until I'd seen it. But feel free to prove me wrong and I'll be YOUR assistant.
Good call, Matty.
county records is a b!tch. did take me a quick second to figure out he lived in pasco county and not hernando. but 2 and a half minutes of google and county records was totally worth it to see the infamous: "this property is a mobile home" tag come up. Hey, i've seen some nice manny's, and some people are smart enough to live below their means, but 50 loans a month and an $80k manny just don't seem to go together. call me jaded... |
|
|
ML
2998 Posts |
Posted - 07/22/2008 : 11:13:55 PM
|
H E R N A N D O C O U N T Y DATE: 04/01/2002
OCCUPATIONAL LICENSE LIST
Brad Kozlow
4377 Commercial Way #153
Spring Hill, FL 34606
727-534-4628
Retail Sales
MAIL & INTERNET ORDERS
---------------------------------------------------------------
---------------------------------------------------------------
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
PASCO COUNTY, FLORIDA, AS FOLLOWS:
Section 1. That the Board of County Commissioners determined that an unsightly or unsanitary
condition did exist on the following described parcel or parcels of land:
Section 33, Township 24 South, Range 16 East,
Subdivision 0160, Block 01300, Lot 0450; Pasco County,
Florida.
Recorded Owner(s): Brad Kozlow
Section 2. That notice of said unsightly or unsanitary condition was given to the property owner
by registered mail as provided for in Section 42-1, Pasco County Code.
Section 3. That the required cleanup of the property was accomplished by the Code Compliance
Section and the following costs and expenses, plus a penalty equal to the clearing costs, therefore, are
assessed as a lien against said property as follows:
Clearing Costs $ 1,204.00
Penalty 1,204.00
Admin. Costs 59.00
Recording Costs 12.00
Preparation of
Satisfaction 4.00
TOTAL $ 2,483.00
Section 4. This lien shall bear interest at the rate of 12 percent per annum until satisfied. This
lien is co-equal with liens of all state, county, district, and municipal taxes, superior in dignity to all other liens,
title, and claims until paid.
DONE AND RESOLVED this ______ day of _____________________, ______.
(SEAL) BOARD OF COUNTY COMMISSIONERS OF
PASCO COUNTY, FLORIDA
ATTEST:
_________________________________________ _________________________________________
JED PITTMAN, CLERK TED SCHRADER, CHAIRMAN
|
|
|
vburek
522 Posts |
Posted - 07/23/2008 : 05:36:57 AM
|
| Total BS. |
|
|
Bmurrell
22 Posts |
Posted - 07/23/2008 : 10:36:49 AM
|
Currently a loan officer in MI does not have to be license if you originate under a brokerage.
quote:
Originally posted by RANDY P
I repeat, how can you originate (therefore "close" 50 loans a month- also unverified) without a license? 50 closings, without a formal licensing?
Either-
1) you are ineligible for a license
2) you are looking to co-broker and get paid a hell a lot more per lead than simply selling them would allow. Like legitimate lead vendors. Without a license this is illegal.
If you get a broker's license and employ the LO in question to "help" you then it would be a typical arrangement. Your arrangement suggests "co-brokering". Of course, the "assistant" would have the license to originate and therefore the costs around it- credit reports, mail etc. etc.
If someone is dumb enough to pay you after the fact they are risking their licensing and you both may serve time for this.
rjp
EDIT: what state are you in?
|
|
|
bestbet123
1577 Posts |
Posted - 07/23/2008 : 10:40:24 AM
|
| Kill this thread , this guy is so full of **** i'm getting a headache. |
|
|
bramous
963 Posts |
Posted - 07/23/2008 : 10:41:52 AM
|
bump...just so I can subscribe to this thread. This is going to be a total train wreck.
|
|
|
arrakis
51 Posts |
Posted - 07/23/2008 : 10:51:26 AM
|
quote:
Originally posted by jstbkoz
I have currently do over 40-50 loans per month (I have the ability to generate 4 times more). I am a Loan Originator with about 1 year mortgage experience and 10+ years of marketing experience. I strictly originate and usually team up with other Mortgage Brokers and Loan officers that see the loan through to closing. All of my leads are EXCLUSIVE to me and developed through my own personal channels. I don't sell or buy leads.
I am looking to team up with an experienced Loan Officer or Mortgage Broker that can help me close loans and teach me the back end of the business. I can bring the deals and in return I would expect a fair commission split and some mentoring so I can become self reliant in his industry. If you are interested in the partnership I described please contact me or leave a post here.
Love to contact you but Mr Postfix program says:
The Postfix program
<email in your BO Mort Forum profile>: host mailin-02.mx.aol.com[205.188.249.91] said: 550
MAILBOX NOT FOUND (in reply to RCPT TO command)
hmmmmmmm |
|
|
bramous
963 Posts |
Posted - 07/23/2008 : 10:53:46 AM
|
quote:
Originally posted by arrakis
quote:
Originally posted by jstbkoz
I have currently do over 40-50 loans per month (I have the ability to generate 4 times more). I am a Loan Originator with about 1 year mortgage experience and 10+ years of marketing experience. I strictly originate and usually team up with other Mortgage Brokers and Loan officers that see the loan through to closing. All of my leads are EXCLUSIVE to me and developed through my own personal channels. I don't sell or buy leads.
I am looking to team up with an experienced Loan Officer or Mortgage Broker that can help me close loans and teach me the back end of the business. I can bring the deals and in return I would expect a fair commission split and some mentoring so I can become self reliant in his industry. If you are interested in the partnership I described please contact me or leave a post here.
Love to contact you but Mr Postfix program says:
The Postfix program
<email in your BO Mort Forum profile>: host mailin-02.mx.aol.com[205.188.249.91] said: 550
MAILBOX NOT FOUND (in reply to RCPT TO command)
hmmmmmmm
And he took his name out of his profile....too late bud. |
|
|
mgraham224
1008 Posts |
Posted - 07/23/2008 : 11:12:25 AM
|
Guess the trainwreck was right...
What do I win for being the first to call it?
|
|
|
dkendall1979
10123 Posts |
Posted - 07/23/2008 : 11:24:28 AM
|
I honestly have a friend that can originate 50 closed loans a month off of title data.
Problem is he's autistic and can't stay focused long enough to do it. He floats from broker to broker, goes in for a week and submits about 150 loans, the broker ends up closing 10-20 of them (they aren't the best quality, but quality in #'s is there) and he usually dissapears for a few months spending the money.
Strangest guy I ever knew, but I'm enthralled to watch him work. Every time!
It's honestly the most amazing feat you'd ever witness in sales. I called a prospect, got cussed out and hung up on, then he called within 1 minute of that happening... the borrower flew us up to his ranch in N. Cali for dinner that night! Un-f'in-believable what this guy can do on the phones!
Anyway, my buddy will make an appearance again sometime soon, I'm sure he's about out of money by now. |
|
|
EMScommercial
5138 Posts |
Posted - 07/23/2008 : 11:50:54 AM
|
| lead seller |
|
|
md21146
24 Posts |
Posted - 07/23/2008 : 12:02:37 PM
|
| email me with contact info - md21146@comcast.net |
|
|
m99
1 Posts |
Posted - 08/07/2008 : 3:25:58 PM
|
| Please email me with contact info - markf99@gmail.com - I can get your deal done asap up to 90% LTV Stated/stated |
|
|
johnnyboy38109
3008 Posts |
Posted - 08/07/2008 : 3:39:27 PM
|
quote:
Originally posted by RANDY P
I repeat, how can you originate (therefore "close" 50 loans a month- also unverified) without a license? 50 closings, without a formal licensing?
Either-
1) you are ineligible for a license
2) you are looking to co-broker and get paid a hell a lot more per lead than simply selling them would allow. Like legitimate lead vendors. Without a license this is illegal.
If you get a broker's license and employ the LO in question to "help" you then it would be a typical arrangement. Your arrangement suggests "co-brokering". Of course, the "assistant" would have the license to originate and therefore the costs around it- credit reports, mail etc. etc.
If someone is dumb enough to pay you after the fact they are risking their licensing and you both may serve time for this.
rjp
EDIT: what state are you in?
Agreed, this is transparent. |
|
|
StayInHomeGuy
281 Posts |
Posted - 08/07/2008 : 4:41:37 PM
|
quote:
Originally posted by RANDY P
Yep, a state with individual LO requirements.
This makes it a guy selling leads looking for a big cut. But wait! It's not "selling" anything if you don't pay for it before you take it, right?
Semantics. that's all.
rjp
I like your style RJP, this smells fishy for sure...especially only 6 posts into his BO career
(not that I'm a BO vet, but I don't throw this type of CRAP around) |
|
|
moneyone
613 Posts |
Posted - 09/08/2008 : 12:36:57 AM
|
Yo, ScottAnthony, Jesus Christ calm the f*ck down!
|
|
|
rainmand
3804 Posts |
Posted - 09/08/2008 : 06:53:46 AM
|
>>my buddy will make an appearance again sometime soon
He'd be perfect for the loan officer position Darkstar is offering |
|
|
WorldWideWayne
2383 Posts |
Posted - 09/08/2008 : 07:01:23 AM
|
quote:
Originally posted by rainmand
>>my buddy will make an appearance again sometime soon
He'd be perfect for the loan officer position Darkstar is offering
Where did you see that DS is hiring? |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
