Every mortgage loan originator has their own way of doing business. Many meet one-on-one with prospective homebuyers or homeowners. Some MLOs concentrate on borrowers from certain states or regions. Many loan originators partner up with real estate agents. Others, like myself, have a national platform where we are licensed in most of the…

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What HUD’s FHA Rules Actually Say

Your understanding is directionally correct, but the safest compliance explanation is more precise:

HUD does not expressly say, “Every FHA mortgage loan originator must receive a W-2.” HUD requires personnel performing FHA origination for an FHA-approved mortgagee to be employees under the mortgagee’s…

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The mortgage industry is extremely competitive. Everything that can deter an NMLS-licensed mortgage loan originator from creating a book of business and developing a preferred third-party referral partner network from becoming successful is very difficult, BUT NOT impossible. I own, operate, and managed an independent mortgage net branch…

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Can Mortgage Brokers Originate FHA Loans as Correspondent Lenders?

Question

Can a mortgage broker originate FHA loans as a correspondent lender? How do company structure, W-2 or 1099 status, and the mortgage loan originators’ status determine the ability to offer FHA financing?

Quick Answer

It is possible for a mortgage company to offer FHA…

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National Mortgage News: Rates Climb as Homebuilding Diverges

GCA Forums News for Friday, July 17, 2026: National Mortgage News Today

At 6.55%, mortgage rates climb as single-family construction slows and applications decline. Oil market uncertainty adds further pressure to housing.

Last Updated: July 17, 2026

National Mortgage News Today: Rates… Read more

James, congratulations.

FHA Seller Concession and Down Payment Assistance Scenario

Let’s assume a homebuyer wants to purchase a home in an area where the 2026 FHA loan limit is $541,287. The buyer qualifies for the minimum 3.5% FHA down payment and plans to obtain down payment assistance for the entire 3.5%. The buyer also wants to request the maximum 6% seller…

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Lets go over a seller concession scenario . Lets say a homebuyer wants to ask the maximum seller concession on a $600,000 plus home. The maximum FHA loan limit for the area in 2026 is $541,287. The down payment requirement is 3.5% down payment due to being FHA. The homebuyer is seeking a DPA of the 3.5%. At what price would the homebuyer need…

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GCA Forums News Weekend Edition for July 11-12, 2026

Weekend Mortgage News (July 11-12, 2026)

Weekend mortgage news: a July 11-12, 2026 recap covering the mortgage market, home prices, fraud, precious metals, stocks, the Fed, and more.

Another Uncertain Weekend in America’s Housing Market

Mortgage rates remain below 7%, but borrowing costs still…

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GCA Forums Live News Report for Thursday, July 9, 2026, presents market figures and government data current as of the end of July 9. News analysis is presented separately from confirmed facts.

Mortgage Rates Rise as Home Sales Fall: GCA Forums Live News Report

Mortgage rates have increased, home sales have declined, oil prices remain volatile,…

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Can a Mortgage DBA Be Transferred from NEXA to C 2 C Mortgage Through the NMLS

Can a Mortgage Company DBA Be Transferred from One Employer to Another Through NMLS?

Posted by Gustan Cho, NMLS 873293
Gustan Cho Associates
Former Westmont, Illinois Branch Manager under NEXA Lending
New Employment: Coast 2 Coast Mortgage Lending, LLC

Background

I…

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Have a case scenario. Husband and wife filed Chapter 13 Bankruptcy January 2025. Own a primary owner-occupant house valued at $300,000 in Pennsylvania with a mortgage of $170,000, therefore has plenty of equity. The Chapter 13 is currently two months behind and the Trustee is threatening of dismissing the Chapter 13 Bankruptcy for…

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Here’s a blog post about this topic as well https://gustancho.com/how-to-obtain-a-mortgage-broker-license/

Certain states has a maximum distance from the MLO personal residence to the mortgage company’s headquarters or licensed mortgage branch office.

The answer to the following question of the following:

NMLS State Distance Requirements from MLO Residence to Mortgage Branch Office: What states have NMLS MLO personal residence to mortgage…

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NMLS State Distance Requirements from MLO Residence to Mortgage Branch Office: What states have NMLS MLO personal residence to mortgage branch distance requirements?

After careful review, you are not answering my question. Let’s take the current branch of NEXA Lending in Westmont, Illinois managed by myself, Gustan Cho, but Gustan Cho is leaving Nexa Lending to Coast 2 Coast Mortgage LLC and offers the NEXA Lending Branch in Westmont Illinois NMLS 2315275 to experienced business associate and close…

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Here is my 3 pound toy poodle 🐩 ❤️ 💖 💕 😀 Lilly watching out for goffers and squirrels. She’s mesmerized with little rodents smaller than her.

Mortgage Market Alert: Inflation, Rates, and Housing News for June 26, 2026

By GCA Forums News Desk | Powered by Gustan Cho Associates | Friday, June. This week was tough for homebuyers. Mortgage rates remain near 6.5%, inflation continues to rise, new home sales are dropping, and a major housing bill is stuck because of…

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The report sounds urgent but does not predict a stock market crash or a nationwide housing collapse. Today’s data show growing affordability issues, ongoing inflation, and a shaky housing market. Still, these problems do not guarantee a downturn.

June 25, 2026, mortgage and housing market update. Includes 6.49% rates and analysis of May’s…

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TRID Mortgage Loan Officer Compliance Training – Advanced

Advanced TRID training helps mortgage loan officers avoid delayed closings, unexpected fee increases after closing, and costly compliance errors. Basic training covers when to send the Loan Estimate and Closing Disclosure, but advanced sessions dive into the specific timing rules, required…

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Kim

Finally getting together and ready to kick ass. Welcome on-board and let go to the top.

Love my Chase and Skylar. Bailey, not too much.

In this episode of Greta Wire, Blagojevich discusses his indictment, imprisonment, sentence reduction, and subsequent pardon. He characterizes his case as an example of politically motivated prosecution, which he calls “lawfare,” and draws parallels to the legal challenges faced by Donald Trump.

Key Discussion Topics

The Vacancy of Obama’s…

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.

Your loan-to-value ratio puts you in a strong and secure financial position.

Your Current Situation

• Estimated Home Value: $620,000
• Current Construction Loan Balance: $155,000
• Cash Needed: $25,000
• Requested New Loan Amount: $180,000

Loan-to-Value (LTV)

A $180,000 mortgage on a $620,000 home gives you a low loan-to-value ratio of 29%.

With this setup,…

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If a major bank advertises a 30-year fixed rate of 6.25% while the national average is between 6.5% and 6.7%, it makes sense to be skeptical. Rather than only verifying the rate, it helps to understand why it might be lower. For borrowers with strong credit, the typical 30-year fixed loan rate falls between 6.5% and 6.6%.

Who Can Get Chase’s… Read more

It looks like automated underwriting does not capture the full picture of your financial situation.

• Your median credit score is 583.
• You have two years of uninterrupted W-2 employment.
• You receive $1,663 per month in tax-exempt VA disability income.
• Your employment income is $3,200 per month.
• For qualifying, your VA disability income is…

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GCA Forums News

Mortgage Rates Surge Again, Creating Immediate Challenges for Housing Market: GCA Forums National Housing & Economic News Report Tuesday, June 23, 2026

Mortgage rates spike; Senate passes housing bill; buyers scramble to adapt; surging oil prices fuel inflation; housing affordability remains a severe concern.

2026 Housing Market… Read more

Housing and Mortgage News for Monday, June 22, 2026

As the week of June 22, 2026, begins, the housing market shows few signs of cooling, as homebuyers contend with high home prices, mortgage rates hovering around 6%, and price levels that threaten purchasing power. Despite this, the market is active. More buyers are writing contracts,…

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This topic and subject matter are very important. Many team leaders, mortgage net branch managers, and owners of mortgage brokerage companies neglect to do a thorough due diligence on their current P and L on their current company and pro-forma P and L on a new prospective company. There should be many existing free templates where you do…

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Here is a concise technical summary for Kai, Sapna, and Yogesh.

• I have experienced failures with two new HP laptops and am working to determine whether the cause is power-related, a defective HP batch, hardware failure, or malware.
• I purchased the first HP laptop new from Best Buy in Kenosha, WI in or around June 2022 and did not opened it to…

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I lost two brand new HP laptops. The first one was brand new I purchased from Best Buy in Kenosha, Wisconsin but did not open the box until mid to late 2025. I took it in to UBREAKIFIX in Kenosha, Wisconsin. Kai Knight was my technician and did everything humanly possible to no avail. I purchased a second HP laptop earlier this year. Took it in…

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Did you hear the saying people who lie, deceive, steal, or hurt will get discovered and caught? It’s NOT if you are going to get caught BUT when. There is a God. A good God. Theres also Satan. A BAD SATAN that want to hurt people and all living things.

In this exclusive interview, Jimmy speaks with Senator Ron Johnson about his investigation…

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Does Anyone Know Where I Can Get Large Crab 🦀 Legs and Large Lobster in the Chicagoland through Milwaukee, Wisconsin Area. Needs to be fresh (Frozen is Fine) and taste good. A group of close friends with mutual interests asked me for a referral wholesaler of Crab Legs… Read more

The department of Veterans Affairs has the most lenient agency guidelines on VA loans. The VA has a reputation of going above and beyond to help its active duty, disabled, or retired members of the United States Military qualify and get approved for a VA loan. There are no minimum credit score requirements on VA loans. There are no…

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Let me ask a few MLOs or wholesale reps who are more knowledgeable. Didn’t do a refinance in three years.

https://www.bbb.org/us/il/westmont/profile/mortgage-broker/gustan-cho-associates-0654-1000038430

Hi Gustan,

If you’re working with clients who feel stuck between staying put and making their next move, HomeLight’s Buy Before You Sell (BBYS) paired with UWM’s 1-0 lender-paid buydown can be a powerful solution.

BBYS helps qualified homeowners purchase their next home before selling their current one, while UWM’s buydown can help ease…

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Final set of photos of my little rascals

MORE PHOTOS OF MY BABIES They love going for rides.

Great day today. Took Chase, Skylar, Big Girl Sage, and Gunner to UBREAKIFIX Computer Shop to visit Kai Knight to have Samsung Tablet adjusted and my Dell Computer programmed. Sage enjoyed the trip.

I know UWM does ONE-TIME CLOSE NEW CONSTRUCTION ON ONE TO FOUR UNIT MULTIFAMILY HOMES

I have a owner occupant two unit primary home occupant ONE-TIME CLOSE NEW CONSTRUCTION homebuyer and I have a OBE-TIME CLOSE Two Unit Multi-Family Investor

Need to know type of loan program, LYV, abd terms of the loan

Thank you

Artificial Intelligence is growing exponentially faster than anyone has never imagined. Many licensed professionals in the real estate and mortgage industries are witnessing what will happen to their careers as a real estate agent, real estate broker, mortgage loan originator, branch manager of a mortgage net branch, mortgage broker company…

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This thread is a very important one. A little off topic from what we were covering but extremely important. The mortgage industry is very complex and in many instances, there are situations where it does not make sense. Let’s cover the type of mortgage company you as a newer MLO want to start your career. What I am covering on this thread is…

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Thanks, Danny for your input. Folks, just want to let all of you know that the mortgage process section of MLO TRAINING e-Learning Bootcamp consists of many different parts. After the module has been finished, I will try to somehow restructure it in an organized step-by-step fashion. This section consists of the general overview mortgage…

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Welcome to the GCA Forums News Daily Report for Tuesday, May 26, 2026

Mortgage rates are high, oil prices are rising, inflation is in the news again, and homebuyers are feeling the pressure. Check out today’s GCA Forums News Daily Report for the real story behind the headlines.

We Check Our Facts and Aim to Give You Clear, Timely Updates You Can… Read more

As of May 26, 2026, my rough estimate is:

North Dakota + South Dakota company licensing only: about $3,000 to $6,500 if you handle most of it yourself.
With a licensing consultant: more realistically $7,000 to $14,000+ all-in for both states, depending on how much setup work they do.

This does not include payroll, LOS, compliance audits,…

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GCA Forums Daily News: Mortgage Rates, Oil Shock, Housing Pain, and Wall Street Warning for May 25, 2026

Mortgage rates, oil prices, inflation, housing affordability, jobs, precious metals, and market risks headline the GCA Forums Daily News Report for May 25, 2026.

GCA Forums Daily News Report May 25, 2026

GCA Forums Daily News: Mortgage Rates,… Read more

When it comes to NMLS company, branch, or individual mortgage licensing, it can get really confusing and it is very difficult to understand many questions. There are many NMLS mortgage licensing consultants and a lot of them do not return you inquiry right away. However, on NMLS mortgage licensing I highly recommend is Steven, the owner…

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GCA Forums Weekend News Report: Rates Spike, Inflation Bites, Housing Stalls, and America Feels the Squeeze

The May 23, 2026, GCA Forums News Weekend Report highlights rising mortgage rates, increasing inflation, slower home sales, continued volatility in gold and silver prices, record stock market highs, and worsening affordability…

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