[Gustan Cho]

FHA case numbers track FHA loan applications to prevent duplicate loans or fraud. Your lender can’t order a new appraisal until HUD releases the prior case number tied to you and the old property.[gcaforums]​

What Is an FHA Case Number?

It’s a unique 10-digit identifier (like a loan’s ID tag) assigned by HUD when your lender requests it via the FHA Connection system, typically early in the process for purchases or refinances. The first three digits show the state and HUD office; the rest are a serial number plus check digit. This number links you (the borrower), the lender, and the specific property to ensure everything stays organized under FHA rules.delawaremortgageloans+2

Why It Causes Delays

FHA requires one active case number per borrower at a time to stop people from shopping multiple FHA loans simultaneously, which could signal fraud or over-leveraging. Your old case number from the failed deal is still “open” in HUD’s system (CHUMS), blocking a new one for the current house. Appraisals can’t proceed without it, as the appraiser needs the new case number to tie their report to FHA standards.gcaforums+1

Release Process

Your lender (Gustan Cho Associates) must log into FHA Connection to either:

• Cancel the old case: If no appraisal was done or fees paid, this frees it up quickly (often same day).

• Transfer/update: If needed, they shift it to the new property, but since the first deal collapsed, cancellation is likely.hud+1
  Cases auto-expire after 6 months of inactivity, but manual release is faster. Angie Torres is correct—until released, no new case or appraisal order.[gcaforums]​

Timeline and Tips

Expect 1-3 business days for release once requested, though HUD processing runs 8 a.m.-8 p.m. ET weekdays. Share this with sellers: It’s a standard FHA safeguard, not a red flag on your approval. If delayed over a week, ask your lender for the FHA Connection screenshot showing status.hud+1

hud.gov

404 - Page Not Found | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

  404 - Page Not Found The requested page cannot be found.     

[Gustan Cho]

More pics Chase, Skylar, Bailey

[Gustan Cho]

More pics. Randall Aiu is looking for a German Shepherd. Randall i will post pics of my three German Shepherd dogs. One of Skylar ears bends over about 20% degree angle when warm and stands up when she’s cold.

[Gustan Cho]

Boy time flies. My big man Chase turned three years old

Skylar and Bailey two years old. I I really need to spend more time with Chase and Skylar. Skylar is really attached to me and always is my me

When I get dressed she knows I am going for a ride so she waits by the garage service door and body slams her whole body and lays upside down so my wife or I cannot move her

She wins by default. Got a problem with Bailey

She barks at me in the middle of the night if I need to go to the kitchen or walk around my bedroom. Like she’s retarded. Attached are pictures of Chase, Old English Mastiff Sage and my tit Skylar

[Gustan Cho]

Silver price per ounce surpassed $120.00. I would not panic sell. I highly recommend you hold on to it.

[Gustan Cho]

I will begin by outlining Nexa Mortgage’s revenue share and recruiting program, followed by a detailed explanation of how the Revenue Share program operates. Please note that information regarding risk layers and balances due when loan officers leave is not publicly available and will not be included.

NEXA MORTGAGE REVENUE SHARE PROGRAM – COMPREHENSIVE OVERVIEWBasic Structure

NEXA Mortgage loan originators earn 10 basis points (0.10%) each time a recruited loan officer closes a loan. The program includes three downline levels, each with specific qualification requirements.

Tier/Level RequirementsBased on the compensation calculator, the following structure applies:

• Tier 1 (Direct Recruits): Earn 10 basis points for each loan officer you directly recruit.
• Tier 2: Requires at least 5 personal recruits to qualify.
• Tier 3: Requires at least 10 personal recruits to qualify.

The revenue share model pays out across three levels, resets monthly, and provides 12 payments per year. Some competitors only reset annually.

Key Features

• Continuous Passive Income: Earn ongoing passive income on every loan you close and on loans closed by your recruited partners, as long as your tier remains active.
• No Management Overhead: Expand your team nationwide without the complexities of managing your own brokerage.
• Retirement/Exit Strategy: With NEXA, you retain your revenue share indefinitely, and it can be passed to your heirs. In contrast, traditional mortgage companies end income upon retirement.

Example Earnings Scenarios

Scenario 1: Single Producer

• For example, a producer closing $1.5 million per month can earn $18,000 in annual revenue share.

Scenario 2: Building a Downline

• You recruit 5 loan officers (Tier 1).
• Each produces $1 million in monthly volume.
• Revenue share per month: 5 × $1M × 0.10% = $5,000. Annual revenue share: $60,000.
• If those 5 each recruit 2 loan officers (totaling 10 in Tier 2):
• Each Tier 2 loan officer produces $500,000 per month.e share: 10 × $500K × 0.10% = $5,000/month = $60,000/year
• Total passive income: $120,000 per year.

CRITICAL: What Happens When a Loan Officer LeavesNEXA’s model addresses your risk question with a unique approach:

If a loan officer leaves NEXA, their downline is not removed; instead, it is transferred to NEXA.

In some cases, NEXA may generate additional revenue when individuals leave the company.

What this means:

• You sign up John, then John signs up Sarah and Mike.
• If John leaves NEXA, Sarah and Mike remain in your downline.
• Their positions move up to you, and you continue to earn from their production.
• NEXA assumes John’s former position in the revenue share structure.

Risk Mitigation Regarding Balances Due

• While the reference does not address your concern about balances due,
• it is important to note the following regarding NEXA’s business model:
• NEXA operates on a profit-and-loss model.
• Loan officers are responsible for their own business, pay a $75 monthly technology fee, and generate income from events and the technology platform.

The key protective element is that NEXA absorbs lost revenue when loan officers depart, as it assumes the downstream position in the revenue share structure. Outstanding balances are absorbed by NEXA and are not passed to you as the sponsor. NEXA captures:

• Revenue of the departed LO’s downline production.
• Ongoing contributions from residual producers.
• Active recruiters are relieved of any associated debt.

Step-By-Step Revenue Share Explanation

Month 1 (First Month Revenue Share)

1. You sign up for NEXA as an MLO.
2. You sign up Jane (This is Tier 1).
3. Jane closes loans worth $500K
4. You earn: $500K × 0.10% commission = $500.

Month 2 (Second Month Revenue Share)

1. You sign up Tom (This is still Tier 1).
2. Jane recruits Lisa (This is now your Tier 2).
3. Jane closes loans worth $600K, Tom closes loans worth $400K, and Lisa closes loans worth $300K.
4. You earn: ($600K + $400K) × 0.10% commission from Tier 1 = $1,000.
5. You earn: $300K × 0.10% commission from Tier 2 = $300.
6. Total earned: $1,300.

Month 6 (Still Month 6 Revenue Share)

1. You now have 5 personal recruits (You have unlocked Tier 2).
2. They collectively do $3M/month.
3. They have recruited 8 people (Tier 2) who total $2M/month.
4. You earn: $3M × 0.10% = $3,000 (This is Tier 1).
5. You earn: $2M × 0.10% = $2,000 (This is Tier 2).
6. Total: $5,000 per month, or $60,000 per year in passive income.

Month 12:

You have 10 personal recruits (Tier 3 unlocked)

Tier 1: $5M/month = $5,000

Tier 2: $3M/month = $3,000

Tier 3: $1M/month = $1,000

Total: $9,000 per month, or $108,000 per year.

Important Considerations

• Monthly Reset Structure: The revenue share program paid $870,000 to loan officers in a single month, demonstrating its scale across all participants.
• No Recruiting Required: NEXA Mortgage Loan Originators are not required to use the Recruiting Compensation structure, as there are many other reasons to join the company.

Response to Your Specific Balance Due Question

There is no publicly available information on how NEXA handles situations when a loan officer departs, including potential chargebacks or compliance issues. To clarify:

• Sponsor liability concerning recruit balance(s)
• Who is responsible for the chargeback(s)
• Costs associated with compliance violations
• What termination looks like, and the financial implications

I recommend the following actions:

1. Ask NEXA directly for the complete compensation plan.
2. Discuss the risk scenarios with a NEXA recruiter.
3. Talk to some of the MLOs at NEXA to find out how it was for them.
4. Check the contractor agreement and see the sections on liability.

Please let me know if there is any aspect of the revenue share program you would like me to research further.

https://gustancho.com/mlo-revenue-share-residual-income/

gustancho.com

MLO Revenue Share Residual Income For Loan Officers

Loan officers at Gustan Cho Associates will have the opportunity to participate in the MLO Revenue Share Residual Income, up to $3 million down.

[Gustan Cho]

Hello Lisa,

Agents with these qualifications are quite common, so there’s no reason to worry. The questions you’ve askd are ones that many agents and loan officers share. To make things clear, I’ll break down the three main scenarios in simple terbms. While I’m not a specialist in this area, I’ve asked my friend and colleague Bill Burg to respond to your concerns directly. Bill Burg is an expert when it comes to everything recruiting.

1. MLO and Realtor dual licenses from a mortgage company like NEXA.
2. Business Development Manager (BDM) and/or referral-type functions for agents who are unlicensed MLOs.
3. Real estate license added to an already licensed MLO.

I’ll give you a big-picture overview to help you grasp the process. From there, you can match it up with NEXA’s compensation plan and compliance rules as needed.

Dually Licensed Realtor And MLO (you possess both licenses)In this case, you are:

• A real estate agent with a real estate broker license
• An MLO (NMLS) who is sponsored by a mortgage company

Depending on company policy and state regulations, this may mean:

• You act on behalf of the buyer/seller on the real estate transaction and receive a real estate commission.
• You also create the buyer’s mortgage and receive loan origination compensation.

There are some key takeaways you need to know:

• You must possess and keep both licenses active: your real estate license with your real estate broker, and your NMLS license with the mortgage company sponsoring you.
• Pay plans are tightly controlled: the lender or broker must follow federal rules for loan officer pay.
• From my understanding, you can get paid basis points if you team up with a licensed MLO and the loan is in the realtor/MLO name.
• Another note, you usually cannot get paid different amounts for different loans, clients, or deals; your pay must be the same each time based on their plan.
• Conflict of interest and disclosure: because you work on both sides, you usually have to tell the customer that you have both roles and explain how you get paid.
• Some companies or states have extra rules that limit or do not allow this.
• Company policy can be stricter than the law: even if a state allows dual licensing, the mortgage company or real estate broker may have their own rules that limit or control how you can do both jobs.
• When someone says ‘dually licensed MLO and Realtor at NEXA,’ they mean you get your NMLS and mortgage company loan officer license, and keep or get your real estate license with a broker who allows it.
• Then you earn:’ Real estate commission (through your real estate broker)
• MLO commission (according to the LO comp plan at the mortgage company)

If you get conflicting information, it is often because:

• People confuse what is legally allowed and what is company policy, and
• There is a lack of consistency among state laws governing dual agency, disclosures, and compensation from both sides.

BDM Role For Agents Without NMLSThe second path is for licensed real estate agents who want to be involved in the mortgage process without becoming an MLO themselves.

Usually, a company’s BDM role means:

• The agent does not take applications, quotes, or structure loans (that belong to the LO).
• The agent does not take applications, quote rates, or structure loans; these responsibilities remain with the loan officer.
• All marketing must follow RESPA and loan officer pay rules.
• Usually, pay is set as a fixed amount for marketing or business development, not per loan.

So, the BDM real estate agent:

• Continues doing real estate like before,
• Works with the mortgage company in a non-loan officer role, helping bring in new business and joining networking events.
• Gets paid in a way that is not based on commissions or single loans, and the pay plan is approved by the company.

This option lets agents work on the mortgage side without needing an NMLS license, extra classes, or all the duties of a loan officer.

• This approach removes any concerns about working as a loan officer without a license.
• For agents who do not want to obtain an NMLS license, the BDM role focuses on business development and marketing, not earning loan officer pay on each deal.

You’re Already On NMLS-Licensed MLO, And You Add A Real Estate License

Here, you’re already working as a loan officer and thinking about adding a real estate license to your toolkit.

Possible benefits:

• You can act for buyers/sellers and take a real estate commission through a real estate brokerage.
• You can still originate your clients’ loans through your mortgage company, as long as both companies allow it.
• This way, you guide your clients from pre-approval through closing.

Here is what you need to consider:

• Does your mortgage company practice dual licensing?
• Some companies are flexible while others are not.
• Is your prospective real estate broker fine with you being an LO?
• Some brokers are not comfortable working an LO due to the added risks and potential conflicts.
• State regulations: Some states have specific guidelines on what dual-role practitioners can do, especially regarding consumer disclosures.
• Time and focus: Both jobs require real skill.
• To do well at both, you will need strong systems, solid support, and clear limits to maintain high work quality.

An active MLO designation can enhance your business if structured appropriately. However, it requires approval from both your mortgage company and your real estate broker, as well as full disclosure to clients.

Why are you receiving different answers?

• Some people mistakenly assume their company’s program is the rule everywhere.
• The idea that you can always get paid on both sides and still follow LO compensation rules and RESPA is not always correct.
• Different states and brokers have varying perspectives on permitting dual roles.

The clean way to look at it:

• Path 1 – Dual license (MLO + Realtor): You hold both licenses and get paid separately on each side, and you are bound by strict disclosure and company policies.
• Path 2 – BDM as an agent (no NMLS): You remain an agent only, and any mortgage-side compensation is classified as business development / marketing, so you do not have loan-by-loan LO comp.
• Path 3 – Already an MLO adding a real estate license: like Path 1, but you begin from the LO side and then add the real estate license with the necessary approvals.

Recommended StepsObtain the written explanation and compensation plan from NEXA (or any company) regarding:

• Dual‑licensed MLO + Realtor program
• BDM / agent program

Ask about:

• • How is compensation calculated and paid?
  • What disclosures are required when I’m on both sides of a deal?
  • Are there any state limitations that apply to my license state(s)?

Verify with your current / future real estate broker:

• Are they okay with you being an MLO at the same time?
• Any additional disclosures or in‑house policies?

Once you have everything in writing, you’ll have a clear picture of what’s allowed and how compensation works for each option.

Lisa, I’m glad Cameras and Debbie pointed you to the GCA Forums for this discussion. These are exactly the kinds of advanced, career-focused questions our community is here to help with. If you’d like, you can share the general details of your written explanation or compensation plan—leaving out anything confidential—and we’ll help you review and understand it before you decide your next steps. I will make sure Bill Burg responds to the above questions that I do not have answers to.

https://gcamortgage.com/realtor-mlo-career-opportunities/

gcamortgage.com

REALTOR-MLO Career Opportunities

Dually licensed REALTOR-MLO Career Opportunities at GCA Mortgage Group for full time real estate agent to get compensated on both sides

[Gustan Cho]

12 months bank statement loans are great loan programs for borrowers who are self employed business owners. No tax returns required. Owner occupant, second homes, and investment properties are eligible. Rates are based on loan-to-value, and credit scores, and type of property.

https://gcaforums.com/bank-statement-loans/

gcaforums.com

Bank Statement Loans For Self-Employed Borrowers

Bank Statement Loans does not require income tax returns. Income is calculated by averaging 23 months of bank statements.

[Gustan Cho]

How to Start Offering Commercial Loans Within Your Residential Mortgage Business

To begin offering both residential and commercial loans and become a one-stop mortgage broker, you will need to take additional steps to understand templates and the industry better. Below are the steps you should take to support your transition.

1. Learn How to Differentiate

There are some key differences you need to highlight in commercial mortgage brokering. For example:

• Instead of homes, commercial brokers work with office buildings, retail and industrial spaces, warehouses, and other special-use properties.
• Compared to residential mortgages, commercial mortgages have more complicated transactions and require a greater level of financial understanding.
• They also have fewer industry and regulatory requirements that are imposed on a federal level in most states, meaning that commercial brokering has more ‘freedom’, regulatory-wise, than other forms of mortgage brokering.

2. Research Individual State Licensing Scope

The scope of licensing requirements on the other end of the commercial mortgage brokering industry will be heavily dictated and defined by the states:

• Specific commercial mortgage broker licensing will be completed in only a few states: Arizona with a Commercial Mortgage Broker/Banker License; California with a Finance Lenders Law license; Nevada with a Mortgage Broker License; and South Dakota with a Non-Residential Mortgage Lender License.
• For commercial brokering, states like Michigan, Minnesota, New York, and New Jersey require a Real Estate Broker license.
• Specific licensing for commercial loan brokering, as in states like Florida and Hawaii, is no longer required.
• The SAFE Act is focused more on residential mortgage loan originators than commercial ones.

3. Finish Your Required Education and Licensing

If your state requires licensing:

• Finish any pre-licensing education (less than what is required for residential.
• Apply with the state agency or the National Mortgage Licensing System (NMLS)
• Pay state-specific fees (Texas charges $479 for loan originator licenses and $275 for mortgage company licenses).
• Pass necessary tests.

4. Create Your Business Strategy

Having a business strategy is needed:

• Write up a business strategy that gives detail on your target market, what services you provide, and how you plan to grow.
• Decide whether to target specific property types or expand to the full commercial market.
• Map out how you will handle each stage from lead intake to loan closing, including how you will collect documents, review applications, match with lenders, and provide post-close follow-up.
• Figure out what type of technology you will use, like a loan origination system, CRM software, and compliance software.

5. Establish Your Business Structure

Setting up your business correctly is important:

• Decide on a business structure (LLC, S-Corp, partnership, or sole proprietorship).
• Get a tax ID number and open business bank accounts.
• Decide whether to just work as a broker or if you would like to work as a correspondent lender, as well.

6. Establish a Network of Commercial Lenders

This is an extremely important step, as well:

• Build a network of commercial lenders.
• Network with industry professionals in commercial real estate and finance.
• Build a niche network with commercial lenders and sort them by property types and financing needs
• You can also branch into associations of commercial mortgage brokers to expand your connections.

7. Keep Learning

There is a vast amount of knowledge you will need to acquire to succeed in commercial lending.

• Learn financial analysis and test your skills in commercial real estate and commercial borrowers.
• Differentiate among loan types and structures; e.g., fixed/variable, with or without balloon repayments, and sub-debt and mezzanine loans.
• Understand the various methods of commercial real estate appraisal, underwriting, and the standards of each.
• Look into getting some training on commercial mortgage brokerage.

8. Put Into Practice the Strategies for Commercial Marketing and Client Acquisition

When targeting commercial clients, you will need to:

• Design promotional content directed to shareholders or sponsors of commercial real estate and owners of businesses.
• Design a site focused on commercial lending that showcases all your competencies.
• From your current residential lending clientele, identify names that will cross over to commercial lending.
• Network with clients in commercial lending, real estate, and accountancy.

9. Create Operational Processes

Some processes are more complicated than others. In this case, efficiency is a priority:

• Create standard processes for submissions, as these are often the most complex for commercial loans.
• Apply complex document automation, including systems for commercial docs.
• Create templates for loans and packages, and for submission to lenders.
• Better communication with your commercial clients, as SOPs, than with residential clients, as they have differing needs.

9. Exploring New Growth Opportunities

Once functional growth becomes a possibility:

• Offer a range of additional specialized commercial loan products such as construction financing, bridge loans, or even SBA loans.
• Extend your geographic service area.
• Expand your team by onboarding additional commercial specialists as loan officers.
• Become a correspondent lender to increase your revenue.

As a residential lender, to make the leap into commercial lending, follow the suggestions to make a one-stop shop for all mortgage services. It is all about understanding the requirements for each type of lending and using your existing mortgage and client knowledge.

Understand the Licensing/Regulatory Requirements for Commercial Mortgage Brokers

https://janover.pro/guides/licensing-and-regulatory-requirements-for-cre-mortgage-brokers