Realtors are permitted to simultaneously act as the Mortgage Loan Officer & Real Estate Agent on the same transaction. A license is required for each side of the deal, but the concept is permitted by RESPA. Additionally, since 2022, HUD also permits you to utilize FHA loan options for your clients.
By acting as the Loan Officer, you will have in depth knowledge of the financial side of a home purchase. This includes processing, appraisal status and underwriting conditions. You will know SPECIFICALLY what is needed to close the loan.
Realtors, Attorneys, Financial Planners, Accountants, or anyone else who has the ability to market mortgage opportunities
No! We can help you with training and testing to obtain a license
We will discuss costs, but through our relationships and training program, the cost is minimal and recouped on your first closing
Of course! We are confident your friends and associates will also find value in our message.
Dual Agency permits you to earn on the property sale and the mortgage loan. Since December of 2022, HUD permitted real estate agents to act as mortgage loan originators.
Partner with NEXA Lending to multiply your earnings.