Dually Licensed Lisa Jones
Dually LicensedForum Replies Created
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Silver price per ounce is out of control. Heared through the grapevine that countless of Americans are regretting for selling Silver
Mom and pop folks are extremely disappointed with selling Silver at $70.00 an ounce. Gold is $5,300 an ounce. Many name brand experts have increased their price forecast of silver that silver should surpass $1,000 per ounce while GCA FORUMS NEWS raised their silver price per ounce forecast to $2,000 an ounce in the short term with potential to hit $5,000 to $8,500 an ounc3 within the next 18 to 24 months. Stay tuned folks
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Looking forward to GCA FORUMS Wholesale Lender Directory management of GCA FORUMS has in the pipeline. I cannot wait until it gets created, developed and launched
I saw a slight preview of the rebranding of GCA FORUMS as well as the business directory classified ads and Wholesale lender directory and hands down it looks greats
The rebranding of GCA FORUMS and Subsidiaries is now more clearer and defined unlike it used to be which was tone of topics and difficult to navigate through
https://gcaforums.com/wholesale-lender-directory/
gcaforums.com
Wholesale Lender Directory - GCA Forums
Welcome to GCA Forums Wholesale Lender Directory, powered by Gustan Cho Associates and Subsidiaries.
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My pleasure Marcos, if I am sending you too much info and you know the topics, tell me to stop. Talk to you soon. As of your current compensation, for mortgage loan originators under our branch GCA, Loan Officers make 125 basis points of the loan amount which is 1.25% of the loan amount on self generated loans and 75 basis points on company provided referred loans or 0.75%. There are no fees or charges out of your pocket. I cover everything from credit reports, lock extensions, rapid rescores, desk fees, monthly tech fees, and Branch Licensing and Bond Fees. You are responsible for your individual NMLS state Licensing fees and any optional CRM, LOS (Independent Loan Origination System). Many loan officers get ARIVE on their own which is a super duper easy streamlined LOS that shoots out pre-approval letters, runs credit, runs Automated Underwriting System Approvals, etc.
$50 bucks a month. I cover main LOS System which is called Lending Pad (Sucks Big Time and I still don’t know how to use it. My assistants do it for me). Anyways, all this will be on your employment agreement (contract). Let me know if you have any questions.
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This reply was modified 3 months, 2 weeks ago by
Sapna Sharma.
gcamortgage.com
Mortgages & Home Loan Lenders | GCA Mortgage Group
Conventional Loans with No Overlays | W2 Income Only Mortgages | Manufactured Homes | Manual Underwriting | Mortgages Down To 500 FICO | FHA 203k Loans | Down
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This reply was modified 3 months, 2 weeks ago by
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Marcos
I will send you important guides or pages you will run into that all loan officers need to know. Disregarding them can delay or even be the reason of a loan denial
Here’s one important blog on credit disputes
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GREAT, AND THANK YOU FOR THE COMPREHENSIVE REPORT ON GCA FORUMS. MY STAFF AND I WILL TAKE A CAREFUL LOOK AT EACH LINE ITEM YOU ADVISED AND TAKE TIME TO DIGEST EVERYTHING. ONE IMPORTANT SECTION I LIKE TO IMPLEMENT IS A WHOLESALE MORTGAGE LENDER DIRECTORY FOR BUSINESS, COMMERCIAL, RESIDENTIAL, AND PERSONAL LOANS. SINCE GUSTAN CHO ASSOCIATES (BRANCH NMLS ID 2315275) AND SUBSIDIARIES IS A DBA OF NEXA LENDING (COMPANY NMLS ID 1660690) AND MAIN BUSINESS IS BEING AN ALL-IN-ONE ONE-STOP BUSINESS, COMMERCIAL, AND RESIDENTIAL MORTGAGE BROKER AND CORRESPONDENT LENDER LICENSED IN 48 STATES (MA AND NY PENDING) INCLUJDING WASHINGTON DC, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS, WE HAVE A NETWORK OF 290 WHOLESALE LENDING PARTNERS. I LIKE TO HAVE A GENERAL LENDER DIRECTORY THAT IS BASICALLY A WHOLESALE LENDER DIRECTORY WE ARE APPROVED WITH AND A SECOND DIRECTORY THAT IS A PREFERRED VERIFIED WHOLESALE LENDING DIRECTORY WHO IS ENDORSED AND HIGHLY RECOMMENDED BY GUSTAN CHO ASSOCIATES AND ITS WHOLLY-OWNED SUBSIDIARY COMPANIES https://gustancho.com/gustan-cho-associates-and-subsidiaries/. I WOULD LIKE TO SEE IF WE CAN GET DO-FOLLOW BACKLINKS FROM THE WHOLESALE LENDERS. CAN YOU PLEASE ADVISE ON A STEP BY STEP RECOMMENDATION AND ADVISE ON WHERE WE CAN IMPLEMENT THIS FEATURE? IT WILL BE SOMEWHAT LIKE SCOTSMAN GUIDE, COMMERCIAL AND RESIDENTIAL EDITION. THANK YOU.
gustancho.com
Gustan Cho Associates and Subsidiaries
Gustan Cho Associates and Subsidiaries is a national one-stop mortgage shop. Over 80% of our clients couldn't get approved at other lenders.
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Federal agents have launched Operation Midway Blitz — a major law-enforcement surge across Chicago aimed at stopping violent attacks, vehicle-ramming incidents, and threats against federal officers.
This multi-agency operation brings together DHS, ICE, CBP, FBI, and ATF units working in joint task forces around the Brighton Park and Broadview areas. Agents are targeting suspects linked to assaults on federal property, online leaking, and organized anti-federal activity.
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What is the market value (wholesale and retail value) of a 2001 Tiffin Zephyr 42 foot Diesel Class A Motorhome?
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Prices for silver, gold, and major indexes of US stocks were updated live on October 9, 2025, in addition to information on housing and mortgage news, ICE activity, and Midwest city and state financial news.
LIVE Prices For Precious Metals
- Silver: The silver spot price skyrocketed after blowing past the psychological price of $50 to break above $51, which means it became $51.22.
- Silver prices have increased due to investor interest, the industrial demand for solar panels and EVs, and the continuing supply gaps.
- Gold: Previous and record high valued quotations of gold were on sale for 3,974.70 and 3,960.10 USD.
- With over 4,025.00 USD futures and spot market quotas, the 3,982.40 USD is still supported.
- Central banks, US-based financial institutions, and gold ETFs are buying targets for the gold market dilemma, uncertainty with underlying support for the most debated geopolitics, and hopes for the Fed to cut rates.
LIVE US STOCK MARKET UPDATE
- DJIA: The Dow Jones Industrial Average had lost analysis coverage on the European trading session, closing at approximately 33837.00.
- Contrary to the averages, the Dow has shown volatility but resilience.
- Investors were still processing the new inflation and labor statistics, supplementing the latest news.
- S&P 500: The S&P 500 dropped slightly but gained in some sectors, with attention pivoting toward technology and alternative assets.
- It closed near 4,273.
- Nasdaq Composite: Despite the ongoing market uncertainty, the Nasdaq climbed to nearly 13,580, supported by intermittent advances in major technology and AI stocks.
Housing Market and Mortgages
Mortgage interest rates continue to decline, and the current rate for a 30-year fixed mortgage is around 6.42%. This has improved affordability and led to a slight increase in newly constructed and pending home sales during the Autumn Quarter. Housing supply is increasing in several markets, creating new opportunities and lowering the frequency of bidding wars. The Federal Reserve is likely to ease monetary policy and implement rate cuts. This encourages lenders and home buyers as they approach the quarter’s end. The affordability barometer is at its highest for the last 2 years, giving a lot of Americans an opportunity to refinance or secure a mortgage, the best since the beginning of the pandemic.
ICE Operations in Blue States and Cities
- Some major news from the city of Chicago: Mayor Johnson has signed an executive order that bans the use of municipal properties and lots by the Federal Government for Immigration purposes, as well as further protective measures for the nation’s immigrants.
- This is a very daring approach, and people are watching from all over the country for policy shifts in other Democratic-ruled cities like New York, LA, and San Francisco.
- Sanctuary cities advocates are hailing the order as an important win in the ongoing fight over local non-enforcement cooperation with ICE.
Additional Financial Developments
- Silver surpassing $50 per ounce provokes unprecedented market reactions, with analysts anticipating increasing volatility and ‘blue sky’ possibilities if industrial and institutional appetites persist.
- Gold’s breach of $4,000 per ounce is attracting novice investors while prompting some of the largest financial players to reassess their portfolio holdings.
- These players now suggest a 20% gold allocation to client portfolios.
- Stock markets are being refocused as the monetary and fiscal policy posture changes.
- Traders are keenly evaluating the impact of additional interest rate reductions, inflation, and the active governmental freeze on the near-term direction of the markets.
This is the latest, most complete report on important last-minute changes and live developments on the most important US markets and industries for Wednesday, October 9, 2025, as they occurred.
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Thank you, Bill. Very informative. Tom and I have been talking to Gustan for the past several months. I am a realtor but my husband Tom is the mortgage broker. His partner owne his own mortgage office and they been meeting with Gus and he has been very helpful. I think Tom and Manual are very interested if the website organic lead system comes into play. From what I understand, you need to register as a dba in each state you want to be licensed. The only answer is that we could not get the final answer on whether you can work on the brand of the dba or disclose that you are NEXA and are working as a dba. Great questions.. This is a significant business decision, so let me break down how this transition typically works and the key considerations. Correct me if I am wrong but this is why we are so interested in being a dba with a larger national company is due to being able to go from a few states to a national broker business model. Licensing the mortgage brokerage is what takes time and money.
How the Transition Generally Works
When you join a national mortgage company like Nexa Mortgage as a branch/DBA:
Your Company Structure:
- Your current ABC Mortgage Group would typically cease operating as an independent licensed entity
- You’d become a branch of Nexa Mortgage operating under their licenses
- You could operate as “ABC Mortgage Group, a division of Nexa Mortgage” or similar branding (exact naming depends on state regulations and Nexa’s policies)
The Transition Process Usually Involves:
- Licensing changes – Your state licenses would go inactive or be surrendered, as you’d operate under Nexa’s multi-state licenses
- Personnel transfers – Your LOs would need to move their NMLS sponsorship from ABC Mortgage Group to Nexa Mortgage
- Operational integration – You’d use Nexa’s compliance, policies, procedures, and systems while maintaining your local operations
- Wholesale relationships – You’d lose direct access to your current 10 wholesale lenders and instead use Nexa’s wholesale relationships and pricing
Pros of This Move
- Multi-state licensing – Immediate access to all states where Nexa is licensed without the cost/hassle of obtaining and maintaining individual state licenses
- Reduced compliance burden – They handle regulatory compliance, audits, and state examinations
- Lower overhead – No licensing fees, bonds, or compliance infrastructure costs
- Brand retention – You can typically keep your ABC Mortgage Group brand identity in the market
- Operational control – You maintain your office, team, and day-to-day operations
Cons and Considerations
- Loss of independence – You’re no longer the owner of a licensed entity; you’re a branch manager/loan officer
- Profit sharing – You’ll pay Nexa a portion of revenue (splits vary, commonly 10-25% or more)
- Loss of wholesale relationships – Your existing relationships with your 10 wholesale lenders go away; you must use Nexa’s lender partners and pricing
- Potential pricing disadvantages – You may lose competitive pricing you’ve negotiated directly
- Corporate policies – Must follow Nexa’s guidelines, product restrictions, and operational procedures
- Your company goes inactive – ABC Mortgage Group licenses would be surrendered or go inactive; you can’t easily restart as independent
- Exit complexity – If you want to leave later, rebuilding an independent operation requires re-licensing, re-establishing wholesale relationships, etc.
- Part-time LO challenges – Your 15 part-time LOs might not meet Nexa’s production minimums or requirements
What Happens to ABC Mortgage Group?
Your ABC Mortgage Group entity itself doesn’t disappear, but:
- State licenses are typically surrendered or go inactive (you’re not actively using them)
- The business entity (LLC/Corp) can remain in existence but dormant
- Reactivation is difficult – If you later want to go independent again, you’d need to reapply for all licenses, which can take 6-12+ months and significant cost
Critical Questions to Ask Nexa (or Any National Company)
- What’s the exact revenue split structure?
- Can you see their wholesale lender partners and rate sheets to compare with your current pricing?
- What are minimum production requirements for you and your LOs?
- What’s the exact branding allowed – can you truly operate as “ABC Mortgage Group”?
- What happens if you want to leave – what’s the exit process?
- Do they have restrictions on loan types or niches you currently serve?
- What systems/technology must you use vs. what you can choose?
Alternative to Consider
Before making this move, have you explored expanding your own licenses state-by-state? While it requires upfront investment, you maintain:
- Full independence and control
- Your wholesale relationships and pricing
- Complete profit retention
- Flexibility in operations
The cost might be $10K-$25K per state initially, plus ongoing maintenance, but you keep 100% control and economics.
This is really a trade-off between growth convenience (immediate multi-state access) versus independence and economics (keeping full control and profits). Given your 5 full-time LOs and established operation, you have something valuable to preserve. I’d strongly recommend getting the specific terms from Nexa in writing, comparing their wholesale pricing to yours, and running detailed financial projections before making this decision.
What states are you looking to expand into, and what’s driving that growth plan?
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This reply was modified 3 months, 3 weeks ago by Sapna Sharma.