Posted by Turner on February 23, 2009 at 10:29:06:
I know in ohio, no. You must check with your local secretary of states office. I have never heard of TMS Solutions. I have spoken to some private lenders and they are doing business as usual. There are several other opps out that that have been around for quite sometime. I would be glad to discuss them with you.
Posted by Jonell Nelson on October 17, 2007 at 21:47:37:
I have been researching this subject. I am confused now. One person at a State office told me that I would need a license and have to take an exam to be a loan broker. Is that true? Another person with a letter about becoming a money broker said you don’t have to be licensed. Is there a confusion in the name of the profession or are they two separate professions? JN
Mr. Levine: Loan brokering is indeed a very lucrative field. You must know (learn) what to do and then apply what you’ve learned in the correct manner. As the individual named Turner indicated, Mr. Grilli’s course is a pretty decent one (I also purchased it several years ago) but you will find that some of the information in it is outdated, unless he has updated the course frequently. You may e-mail me for more up-to-date information on this lucrative field, free of charge.
Best Regards,
William McLean, Jr.
Chief Executive Officer
NetEquity Financial Resource Partners NetEquityLLC@aol.com
(301) 333-1482
Posted by Jon Richards on April 30, 2003 at 16:16:48:
If you mean mortgage brokering, i.e. arranging mortgages for people, certainly there is “money to be made”. It is a job, you earn points as your commission, deal with an enormous amount of paper work, and will likely have to be licensed in your state.
If you mean “note brokering”. You find people with cash flows and broker them to large institutional note buyers. Or if you have the appropriate license you can broker them to private parties. Or most lucrative, you can buy the note for your own account. It is much more lucrative, interesting and challenging than mortgage brokering. Check out this site, and www.noteworthyusa.com for more information on discounted notes.
Hi, there is a loan brokering program that I have joined up with. It is a co-brokering opportunity where you can find borrowers have them fill out 1 sheet of paper and you submit it to the company and you get paid. It is very simple (atleast to me) I recommend it to everyone because it has made me money HONESTLY.
Here is the company’s contact info:
TMSsolutions, Inc.
PO Box 17711
Chicago, IL 60617
I believe you have to send five 1st class stamps for the free infomation.
Good Luck, Kerry
I was researching Loan Brokering, and saw this post. A few questions: Do you need a license to perform the tasks you noted? Is TMS Solutions Inc. still viable, given the current economic climate? Any other observations? Thanks…