What are the states that require distance requirements for loan officers from where they live to the mortgage branch they are sponsored from. There are about a dozen states that require mortgage loan originators to be tied and/or sponsored by a mortgage branch such as a 50 to 100 mile distance requirement. Does anyone know which states have the distance to residency requirements between the branch and the loan officer personal residence?

The Bureau of Labor Statistics forecasts a 2.9% employment growth for mortgage loan originators between 2022 and 2032. During that period, it is forecasted 10,400 jobs in the mortgage industry should open up. Licensed and registered mortgage loan originators advise, authorize and recommend loan approval for individuals and businesses. According to data from the U.S. BUREAU OF LABOR STATISTICS tens of thousands of loan officers LEFT the mortgage industry in 2023 due to inflation, surging mortgage rates, and housing shortage. In October, 2023, 67% of current mortgage loan officers produced less than one unit of closed loans in October. 21% of loan officers closed 1.5 units per month and only 12% of mortgage loan orignators closed greater than 2.5 units. The mortgage industry was decimated due to the economy, high rates, and inventory shortage. Very few from the work force sought work in the mortgage lending industry. According to the Nationwide Mortgage Multistate Licensing System, in the second quarter, there were 24.5 percent fewer individual licenses awarded for mortgage lenders. That means people are leaving the mortgage industry altogether permanently. More loan officers are expected not to renew their NMLS licenses or leave the mortgage industry.

In all of 2022 and through the first half of 2023, the average mortgage lender was not profitable and lost money on every mortgage it originated. In first quarter of this year, the average loss was $1,972 per mortgage loan. In the second quarter, the size of the loss improved to $534 per loan.

Realtor.com, the real estate listing and informational website forecasts the housing market will continue to struggle in 2024 and mortgage rates will average 6.8% in 2024, and possibly drop to 6.5% by the end of 2024. This is not promising news because mortgage rates were at 2.5% just two years ago. Loan officers are expected to have a tough road ahead because consumers have not adapted to this sudden hike in rates. Until the mortgage rate of 6.5% is accepted as the new normal, the mortgage industry will continue to struggle and more loan officers and mortgage companies are expected to leave the mortgage industry. There were a total of 160,000 licensed and registered mortgage loan originators. 50,000 loan officers have exited the mortgage industry and more are expected to leave this year by the second quarter. There are 90,000 mortgage loan originators left in the mortgage industry today but that number is forecasted to drastically get reduced to as much as 40,000 so only 50,000 loan officers is forecasted to remain in business.

https://www.youtube.com/watch?v=C9BdPHXKHfE

When we access anything in computer , it generated many temporary files and we need to remove those to speed up your computer. below are step to remove or delete those temporary files

1. Write Run on Search area .

2. A window appeared , write %temp% and click Ok

3. Select all ( ctrl key+A )and click on delete key

Hunanity with Hunter Biden. RThere is no end with the Biden Crime Family. Joe Biden and Hunter Biden is blatantly committing crimes which hurt the country and is very obvious. Crimes against the people of the United States 🇺🇸 and what is the Department of Justice doing about it? Absolutely nothing. Richard Nixon alleged crimes is nothing compared to Joe Biden crimes against humanity. Hunter Biden flew on Airforce two with his father to Eukraine, China, and other countries to extort and bribe officials of state. Here is Jesse Waters on the Joe Biden Crime Family

https://youtu.be/zOHF0AXUKts?si=jmZhDWdm1CLME6ay

• This discussion was modified 9 months ago by  Gustan Cho.

If you want to get paid 1099 as a loan officer you need to surrender getting licensed in the following states.

1. Nevada

2. Hawaii

3. Illinois

4. Mississippi

5. NEBRASKA

6. New Jersey

7. North Carolina

8. South Carolina DFI: SC DCA NO W2

9. Georgia

10. Vermont

11. MA

More and more states are allowing loan officers become 1099 wage earners. We will update this list as states update allowing 1099 wage earner for loan officers.

• This discussion was modified 9 months ago by  Gustan Cho.

What is the Loan Estimate or LE. What information is the categories and data in the LOAN ESTIMATE?

What is the Closing Disclosure?

How does the three waiting period during the waiting process work?

I am looking at buying a RVPark- that is currently cashflowing at a 7.5cap – I am looking at changing the model a bit and infusing capital plan to add capsule airbnbs and boat storage (20) frames are already built. The Property is 10 acres – less than 2 miles from a lake that has over 6 million visitors a year. It is located 30 minutes from 2 of the largest casinos and also 3 state parks. I am wondering if someone could finance on projected dscr. Any help would be great. I will post some designs of the homes and some of the land later today.

I appreciate the wealth of information on the Great Content Authority FORUM for the resources available in furthering my career as a branch manager and NMLS licensed loan officer. I could not believe what I have heard today by a fellow mortgage loan originator, a member of this forum, who owns her own mortgage brokerage company. My friend who owns her own mortgage broker company and is licensed in six states always had countless leads from states she was not licensed but could not monetize on those leads and realtor referral because of her mortgage brokerage only being licensed in three states. One of the options my friend had was give up her own mortgage broker shop and close it and join a larger mortgage company with NMLS licenses in most of the 50 states. However, her mortgage broker shop is her baby and she put a lot of sweat and equity in creating and launching her mortgage shop. The great news that was revealed to my friend which can apply to me is that a licensed mortgage loan officer can be licensed with multiple mortgage companies at the same time. Therefore, you can have and own your own mortgage shop licensed with a few states and simultaneously be sponsored with another mortgage company and be licensed in the states your own mortgage broker shop is not licensed. By doing so, you can be licensed in all or most of the 50 states and be in compliance and not worry about crossing the grey area. My friend asked me to reach out to @Bruce , Esq., MBA, LL.M. for more information. From my past experience, if a deal sounds too good to be true, it normally is. I would love to hear a lot more about this. I spoke to Danny Vesokie, President and Founder of Affiliated Business Partners, a commercial loan training school, and Danny did say to reach out to @Bruce . for more detail information because Bruce sponsored by three mortgage companies at the same time

https://www.youtube.com/watch?v=0TKHRlvHNWc

• This discussion was modified 9 months ago by  Gustan Cho.
• This discussion was modified 3 months, 3 weeks ago by  Sapna Sharma.

The confusing thing for many consumers is distinguishing the difference between fixed-rate and adjustable-rate mortgages when buying a house or refinancing a mortgage loan.

What are the basic requirements for financing a food truck? What are the terms, rates, credit score requirements, and experience.

The recently announced proposed NAR settlement has generated a lot of discussion about the future of realtor commissions and how the real estate industry will be impacted.

One avenue that seems plausible is the a packaged service plan – designed for the DIY home seller that does not wish to engage a full service brokerage. In addition, some brokerages are offering ala carte services that can be selected from the menu that a home seller or buyer can select to ensure they are only paying for services perceived to have value.

I found an excellent article regarding Houzeo (link below) – a service for the DIY home seller. The Houzeo model offers various packages and costs based on the level of service. While Houzeo has been around for several years, some of the recent attention to realtor commissions have increased their visibility.

https://listwithclever.com/real-estate-blog/houzeo-review/#overall

Please check out this article and post your thoughts.

My client would like to get financing for the following scenario:

• Client that owns property outright and is hoping to
  build an apartment building(s) on this property
• Client
  wishes to finance 100% of the buildout
• The
  property is in Texas
• Value
  of Land $250K
• Estimated
  construction cost $600K
• Credit
  score estimated at 700
• What other parameters must be considered? Reserves, LTV, etc.? Could this qualify via DSCR?

• This discussion was modified 9 months, 2 weeks ago by  Sonny.
• This discussion was modified 9 months, 2 weeks ago by  Sonny.
• This discussion was modified 9 months, 2 weeks ago by  Sonny.

NMLS licensed loan officers are leaving the Mortgage Industry due to inflation, ridiculous rising rates, and out of control housing priced. Never in history did anyone witnessed such a volatile economy as we are seeing today. The Mortgage Industry has lost 40% of licensed and registered mortgage loan originators and is expected to see more leave the mortgage industry. Many are joining the government agencies such as law enforcement agencies where they are taking individuals without experience in police work and are willing to train. The Illinois State Police is taking applications for state troopers without any experience. Many loan officers are looking for salary or hourly jobs in government because they offer job security.

https://www.linkedin.com/posts/illinoisstatepolice_diversestrength-joinisp-activity-7113311150510927874-N2rG?utm_source=share&utm_medium=member_android

• This discussion was modified 1 year, 3 months ago by  Sapna Sharma.
• This discussion was modified 10 months, 3 weeks ago by  Gustan Cho.

linkedin.com

Illinois State Police on LinkedIn: #diversestrength #joinisp

Empowering diversity, embracing strength. Join ISP and be part of a law enforcement family that values every perspective. Apply now! #DiverseStrength #JoinISP…

What are the main top Google Algorithm Changes Updates for 2024. I heard that many websites got hit by the latest Google Algorithm Updates in September 2023 which devastated many websites counting on organic traffic

What is SEO for your website?

Many people became oversight YouTube stars harassing cops. They call themselves First Ammendment Auditors

https://youtu.be/lhP6L9QFD9k?si=oBbYUBUh8ho38uLO

Gustan Cho Associates (NMLS 2315275) and its affiliates is a dba of NEXA Mortgage (1660690), the largest mortgage brokerage in the nation. follow Fannie Mae’s DU AUS and LP AUS. They are renowned for having little to no lender overlays. Mortgage loan customers dealing with judgments, open collections, foreclosures, tax liens, overdrafts, and late payments have all benefited from my assistance. People with credit scores below 600 FICO can receive assistance from the Gustan Cho Team at Gustan Cho Associates, and the lowest credit score borrower I can assist is one with a 500 FICO. 10% of the purchase price is needed from people with credit scores between 500 and 580. A 3.5% down payment is needed for credit scores higher than 580 FICO. I work with consumers whose mortgage loans have been rejected by other lenders because of their overlays for a significant portion of my business. Suppose a borrower signs their 1003 mortgage application and provides me with the necessary documentation.

In that case, I can often give them an official mortgage approval in less than a day. The Gustan Cho Team at Gustan Cho Associates typically closes my loans in three weeks or less. Under the direction and guidance of Sapna Sharma, Gustan Cho Associates’ Chief Technical & Marketing Officer, the company’s marketing division maintains partnerships with real estate experts. Love. Gustan Cho Associates is accessible seven days a week. I get in touch with realtors all the time. To connect with customers, realtors, mortgage brokers/bankers, insurance agents, appraisers, attorneys, and other professionals, please visit me at http://www.gustancho.com and join our forum at http://www.lendingnetwork.org. Our in-house IT department will jointly promote open homes and recommend certain realtors to pre-approved clients looking to buy or sell a property as part of NEXA Mortgage’s collaboration program with realtors. Get in touch with me for further information. Gustan Cho Associates is a reputable mortgage company that offers various services, including mortgage loans for various scenarios, debt consolidation and credit restoration, and personalized support throughout the loan application process. One of the main reasons to choose Gustan Cho Associates is their reasonable prices, quick and efficient loan approval process, and commitment to customer satisfaction and support. Regarding your mortgage requirements, it is recommended that you consider Gustan Cho Associates. They offer debt reduction and credit repair assistance, personalized loan application assistance, and reasonable loan rates. Their commitment to customer satisfaction and support makes them a reliable mortgage lender, and they provide contact information for further assistance.

I. Overview of Gustan Cho Associates in Brief: Their Services Explained Selecting a trustworthy mortgage provider is crucial.

II.Gustan Cho Associates’s past customer testimonies and reviews; the company’s history and establishment; the team’s expertise and experience

III. Gustan Cho Associates’ Services are available for FHA, VA, conventional, and other types of mortgage loans. They also provide assistance with credit repair and debt consolidation. They also provide personalized assistance with the loan application procedure

IV. Motives for Selecting Gustan Cho Associates: Reasonably priced loans and interest rates A prompt and effective loan approval procedure A dedication to ensuring client assistance and happiness

V. Summary: An overview of the significance of choosing a trustworthy mortgage lender. Your mortgage needs should be carefully considered while considering Gustan Cho Associates. Information on whom to contact in the event that you need further support or details Assistance with credit repair and debt consolidation Personalized assistance with the loan application procedure Reasons to Select Gustan Cho Associates IV: Reasonably priced interest rates and loans Ensuring client pleasure and assistance via a fast and efficient loan approval procedure.

VI. Summary: An overview of the significance of choosing a trustworthy mortgage lender. Your mortgage needs should be carefully considered while considering Gustan Cho Associates. Gustan Cho Associates provides support with loan applications, debt reduction, and credit restoration, in addition to affordable interest rates. As a trustworthy mortgage lender, they provide contact details for further help and demonstrate a strong dedication to client satisfaction and support. Gustan Cho Associates is a reputable mortgage provider offering services such as FHA, VA, conventional, and other types of mortgage loans, credit repair and debt consolidation assistance, and personalized loan application assistance. The company’s history, expertise, and experience are highlighted. Reasons for choosing Gustan Cho Associates include reasonably priced loans and interest rates, a prompt and effective loan approval procedure, and a commitment to customer satisfaction and happiness. They provide support with loan applications, debt reduction, and credit restoration, along with affordable interest rates. Customers can use their contact details to contact Gustan Cho Associates for further support, and they can demonstrate a strong dedication to customer satisfaction and support. The company’s commitment to customer satisfaction and support is evident in its commitment to providing the best possible service to its clients.

The Gustan Cho Team at Gustan Cho Associates has licenses in most 50 states. Contact Gustan Cho seven days a week, nights, weekends, and holidays, at 800-900-8569 or mobile at 262-716-8151.

• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.
• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.

gustancho.com

GCA Mortgage | Mortgage Experts With No Overlays

Whether you’ve gone through bankruptcy, divorce or you are a first-time homebuyer, Gustan Cho Associates are experts in difficult loans

Maybe this season is the right time to make your own garden.

https://rumble.com/v4mwuiz-in-focus-injecting-lethal-bioweapon-into-food-supply-with-dr.-judy-mikovits.html

rumble.com

IN FOCUS: Injecting Lethal Bioweapon Into Food Supply with Dr. Judy Mikovits, Virologist - OAN

Wolves In Politicians Clothing | Ep. 559 Tonight IN FOCUS... It's April Fool's Day and the Commie-fornia joke is on us with fast food minimum wage increasing to $20 dollars per hour. Also eat your spi

Our dear friend and colleague at Gustan Cho Associates decided to make her new home in the mortgage industry at Loan Factory, a mortgage brokerage licensed in multiple states. Besides Loan Factory, Wendy Lahn also joined a second mortgage brokerage firm Loanworks. I did not realize that it was allowed to be licensed with more than one mortgage company but I guess I was wrong. Wendy is an attorney by education, a loan officer, and a real estate broker so I can have her explain the compliance end of being licensed with more than one mortgage broker.

• This discussion was modified 9 months, 1 week ago by  Gustan Cho.
• This discussion was modified 9 months, 1 week ago by  Gustan Cho.

How are solar panels work and how can I get solar financing. Can anyone help. I heard you can get tax credit on solar panels.

Bitcoin is going down is my forecast. Sell your crypto investment and roll it to gold and silver.

Its OFFICIAL. Our main website at GCA Mortgage Group has finally been Google NEWS approved from Google earlier today. Like to thank Ravinder Sharma, Sapna Sharma and the technical and digital media marketing team at GCA Mortgage Group for its hard work on working countless hours on all of our main website and GCA FORUMS as well as its subsidiary sister partner websites and social media platform. After a long meeting with Ravinder and his team, the forum did the trick to get that boost we needed to get Gustan Cho Associates Google NEWS approved. If you folks can participate regularly on our forum, it would be very much appreciated. GCA Mortgage Group (Gustan Cho Associates) is a dba of NEXA Mortgage. Gustan Cho Associates has been diligently working on its websites and social media platform and consistently applied two or more time each year since 2014 to Google to get Google News approval as a Google endorsed and sponsored Google News publisher. Google News approval is a recognition of the quality and relevance of your news content. It can also mean that Google trusts your site and will recommend it in search results.

To get approved, your website must meet the following requirements:

• Provide accurate, well-sourced, and original news articles
• Demonstrate expertise and authority in your niche or field
• Publish original content that is timely and relevant
• Be updated frequently throughout the day
• Use a clean and easy-to-navigate design

Once approved, your articles become part of a global news ecosystem, reaching a diverse audience. You can use Publisher Center to submit and manage your content in Google News. You can also configure monetization solutions through Reader Revenue Manager. Getting Google News approval for your website means that Google has reviewed your website and determined that it meets their criteria for inclusion in Google News. This is significant because it allows your website’s content to be featured in Google News search results, which can increase visibility and traffic to your site, especially for news-related content. To obtain Google News approval, your website must meet certain quality guidelines set by Google, such as providing original and timely news content, having a clear and distinct news section, adhering to journalistic standards, and ensuring that your website is technically optimized for Google News indexing.

Once approved, your website’s articles can appear in Google News search results alongside articles from other reputable news sources, potentially driving more traffic to your site and increasing its credibility as a source of news and information. @sapna Sapna and @Ravi will explain the signaficance of getting Google News approval as a publisher.

https://www.youtube.com/watch?v=P4hhFrOta-8

I am seriously thinking investing a substantial portion of my liquid assets to precious metals. What would you recommend between Gold and Silver to invest?

When buying a brand-new car, it’s essential to consider how the price of the vehicle can affect your insurance rates. Insurance companies take into account several factors when determining your premium, and the value of your car is one of the most significant. The more expensive your car, the higher your insurance rates will be.

This is because insurance companies assume that more expensive cars are more expensive to repair or replace in the event of an accident. If your car is stolen or damaged beyond repair, the insurance company will need to pay out the current value of the vehicle, which is often higher for a new car than a used one. This means that the insurance company is taking on a greater risk by insuring a new car, and they will charge you more to cover that risk.

However, it’s important to note that the make and model of your car can also affect your insurance rates. Some cars are more expensive to insure than others, even if they are of similar value. This is because certain cars are more likely to be involved in accidents or stolen. Before buying a new car, it’s a good idea to research insurance rates for different makes and models so you can factor that into your decision.

Overall, buying a brand-new car can be exciting, but it’s important to consider the insurance cost as well. By taking the time to research insurance rates and considering the make and model of your car, you can make an informed decision and ensure that you are getting the best value for your money.

Every mortgage company I have contacted says they do not finance mobile homes. Many lenders told me that buying a mobile home is not buying real estate even though I am planning on making my forever dream home. What am I hearing. I thought it was easy to finance a mobile home. Other people I talked to on a different community assistance forum said that it is very easy to finance a mobile home. Can anyone at Great Content Authority Forums know if it is easy to finance a mobile home. Can you please explain why a mobile home is not real estate? If a mobile home is not real estate, what is it then?

I know there are several local, county, state, and federal law enforcement officers and many lawyers who are members of GCA FORUMS and members who have gotten out of traffic tickets when pulled over by law enforcement. What is the best strategy to have the cop give you a break from writing you a traffic ticket or DUI?

https://blockclubchicago.org/2023/06/05/this-chicago-cop-got-out-of-44-tickets-by-saying-over-and-over-that-his-girlfriend-stole-his-car/

blockclubchicago.org

This Chicago Cop Got Out Of 44 Tickets By Saying Over And Over That His Girlfriend Stole His Car

This story was originally published by ProPublica, a nonprofit newsroom that investigates abuses of power, and the Chicago Tribune. Sign up for

What is the best method of action or talking to a police officer when stopped for a drunk Driving traffic infraction. I just saw this video and from what I am understanding is do not consent to a field sobriety test

https://www.facebook.com/share/r/3SacPx2hFUzFfprK/?mibextid=D5vuiz

facebook.com

How To Refuse A DUI Test Cop Gets Owned And Dismissed | How To Refuse A DUI Test Cop Gets Owned And Dismissed | By Agola ClitusFacebook

How To Refuse A DUI Test Cop Gets Owned And Dismissed

AirBNB loans require borrowers to have at least one year experience owning, operating, and managing an AirBNB property with such tasks as renting, screening, collecting rent, and doing repairs. Without experience, there is going to be an issue. There are AirBNB non-QM loans for first time buyers interest only with lower loan to value.