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  1. #1
    Member Reputation points: 10
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    May 2023
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    985 Ocean Ave Ste 4C, Brooklyn NY 11226
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    Mortgage Broker licensed in all 50 States?

    Hi guys, I'm a licensed mlo looking for a sponsor mortgage company that is licensed in all 50 states, any suggestions of large mortgage brokerages that have offices and LOs in all 50 states? Essential i'm looking for a Resedential morgage broker but im also interested in Commercial brokers that will take deals in all 50 states as well.
    Last edited by BestConnectCapital; 06-04-2023 at 02:52 PM.
    Ari Dahukey
    Account Manager


    Best Connect Capital, Inc.
    (p) 602-338-1769
    (f) 516-740-2830
    https://www.Bccapital.info
    985 Ocean Ave Ste 4C, Brooklyn NY 11226

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Yes I have a mortgage lender that is licensed in all 50 states but you make NO POINTS on the deal as a non state licensed broker. You can in states where you are licensed. And again, that would be for primary residence only. You can do investment property, etc and get paid with other lenders.

    Cory Swenson, NMLS 1359470
    Credit Manager | American Heritage Lending, Inc.
    E: cory.swenson@ahlend.com
    P: 949-537-3448

    I have a ton of commercial lenders - that's another matter. They have different guidelines.
    Owner Occupied you can see if they fit the SBA 504 which is 7 - 7.5% 25 years
    Needs to be 51% owner occupied.
    There is owner occupied and non owner occupied
    Then there is full docs
    Stated Income stated assets
    NoDoc's

    I can help with these commercial and investment property SFR's, 1-4, 5 and up, mixed use and commercial.

    I can co broker these (not the mortgages) and split the commission. All you have to do is reach out
    Last edited by Olderguy; 06-05-2023 at 08:51 AM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Member Reputation points: 10
    Join Date
    May 2023
    Location
    985 Ocean Ave Ste 4C, Brooklyn NY 11226
    Posts
    7

    thanks for the reply, so my question is in regards to a 1-4 unit investment property. Hi do we broker a deal like that without a license in the specific state? Also I would love to work together on this commercial deal, can you help with a asset backed loan... client has a large commercial property with a lot of equity that he wants to use to get a good loan for a construction project.

    Thanks again!
    Ari Dahukey
    Account Manager


    Best Connect Capital, Inc.
    (p) 602-338-1769
    (f) 516-740-2830
    https://www.Bccapital.info
    985 Ocean Ave Ste 4C, Brooklyn NY 11226

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    As we talked, yes I can do both.
    I split the commissions 50%.

    Stated Income Stated Assets
    NoDoc
    DSCR
    Full Income documents.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    120

    We have a partner that'll do res all 50 and we do commercial all 50.
    Mike Lewis - commercial real estate loan broker / owner
    No up front fees loan broker
    Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +

    tel/voicemail: 937-964-5355
    cell/voicemail: 440-637-5646
    corporate email: mikelewis@michaellewisgroup.com

    www.linkedin.com/in/cigarmike

    Veteran Owned

    WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.

    We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.

    Michael Lewis Group Commercial real estate loans

    http://michaellewisgroup.com/index.html

    Loan Matrix

    Forms

    About Us

    Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.

    http://arthodyd.com/d.html

  6. #6
    Here are the states you can broker a deal without a RE lic: CO,CT, DC,DE,IN, HI,KY,LA,MA,MD,ME,NH,NM,OH,OK,PA,RI.SC,TN,TX,VA,WA ,WI. States if client is an entity: AZ,FL,GA. NOTE: most wholesale lenders require the client to take out the loan in an entity. You do not need to co-broker these files, you can go wholesale direct, there are approx 20 of us in the market, no lender points, institutional money, do the work, keep all of your commissions.
    Andrew Goldthorpe
    Desk 707.521.0911
    NewPoint Mortgage Wholesale
    Andrew.Goldthorpe@NewPointMortgage.com
    NewPointMortgage.com

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