Re: Wes-state Mortgage - Posted by IdahoRob
Posted by IdahoRob on December 29, 2000 at 02:48:45:
I don’t think the writer that was asking for info on West-State Mortgage gave enouph info as to whether he was refering to residental or commerical loan brokering, they are two different breeds and do not have the same perimeters and rules regulating them.
I have met George,-- the man that owns Wes-State, and wrote most of the information manuals that West-State has available. My oppion is that he is trufully and a moral person that would not knowing break any laws, and would not be in business of puting loan packs together for submition to funding companys for very long if he was dishonest. He has been doing this for over 20 years. I know you are thinking of residentual or home loans not commerical, and the persons question was about the program West-State was offering. The program shows how to become an indepentant broker for commerical loans and how to fill out and collect all necessary paper into a loanpack and have West-State review the loan pack then submit it to the best Funding company that likes to make loans on that type of property or venture. In no way is this a bird dog fee but a true fee for packaging this loan for submition, something that is done everyday by all loan brokers.
Residential has much stiffer laws than commerical loan brokering. Your right on you answer for residential but I don’t think you will find the course is for bird dogging but for learing how to make a commerical loanpack that a funding company would except,-- and much more of what it take to sumit them properly.
So Clay I think maybe you were thinking one way and could it be the writer of the question was not clear enouph for us, or did not know to include more info for us.
Hope this is helpfull