Dallas-Fort Worth Real Estate Investor Club

Seller financing, wraps, etc

  • 17 Nov 2010 8:53 AM
    Message # 464661
    Deleted user

    Is anyone using a RMLO to originate their wraps and/or seller financing instruments, to comply with SAFE and the Dodd-Frank bill (Mortgage Reform and Anti-Predatory Lending Act)?  If so, what firm are you using?

  • 18 Nov 2010 7:05 PM
    Reply # 465807 on 464661
    Brian Schaefer wrote:

    Is anyone using a RMLO to originate their wraps and/or seller financing instruments, to comply with SAFE and the Dodd-Frank bill (Mortgage Reform and Anti-Predatory Lending Act)?  If so, what firm are you using?


    Brian

    The use of a RMLO is NOT required at this point and time (until next summer) for your owner finance WRAPS.

    Tim Cook

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