This is a highly debated question.
Here is a link for you to review. It is directly from HUD
Once the page is loaded, just search for "related field" or scroll to 2-9 G
http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=HSGH&s1=
4060.1%5Bno%5D&SECT1=TXTHLB&SECT5=HSGH&u=&p=1&r=4&f=G
Make sure to use both sections of the link above. This page will not allow me to post the entire link on one line. You can work as a real estate broker and loan originator IF it's with the same company. There are very few companies that have a real estate division/fha division. Otherwise, you may not be an active real estate agent while writing FHA loans
HUD prohibits realtors from working on a FHA Loan as an appraiser or loan officer. This only applies to FHA loans
I think there was no difference between supervised Mort Broker and Mortgage Broker. from the following link you can get the information about total cost of Mortgage Broker au.pfinance.yahoo.com/home-loans/features/online_homeloans/index.html
Capstone instutute of Mortange Finance offers mortgage broker training. http://www.capstoneinstitute.com/ I think that your best bet would also be talking to a local Mortgage Broker and seeking their advice.
Yes In the US, no.
You can find a guide on how to become a mortgage banker online at the eHow or Mortgage Broker Daily websites. Once on the websites, do a search for Mortgage Broker to find the guide.
i was told that this would not be a legally binding contract.
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
Talk to your mortgage broker, and get in touch with the real estate office, as well as your bank. From there, your broker will be able to provide you with this info.
It would usually depend on the state, but as long as there is no conflict of interest, and the realtor does not force their client to use them as the mortgage broker and visa versa, there should be no problems. An individual would have to hold a license in both fields, and meet the continuing education requirements for both fields. Check with your state for specific rules and regulations.
The motivational style that would best suit a mortgage broker is the goal-oriented style. This type of person reaches for goals in a direct and obvious way which would be needful for a mortgage broker.
Capterra and Mortcare sell mortgage broker software online. Many of the larger mortgage companies also have their own software that is only available to their agents.
One can find a discount mortgage broker from the following sources: Discount Mortgage Canada, A Discount Mortgage, Ratehub, Hover MTG, Charcol, Mates Rates Mortgages, Property Observer.
You can contact boards of Realtors in your area for a current list of mortgage brokers. You can find out how many lending institutions each broker works with and what the fees are for each broker.