[AK723]

AK- you do realize a lot of that "paper" you want to buy is coming from a third party broker who has new and renewal commissions in mind with funder they place it with originally. Are you going to pay the residual revenue to broker if you buy the paper? Can we say time to read those assignment clauses!

We're not buying any paper. I originate quite a bit through our internal call center as we currently broker a ton of business ourselves. I'm well aware of the challenges to buy paper from third parties. We don't need to do that. Nor do I want any part of that business.

The request was to fund our own paper then sell it off to someone else. If you or anyone else can assist in expanding this model, great. I'd be happy to compensate you as a consultant for getting us set up.

As for the next question, we're not a federally regulated bank. Mortgage bankers do not have any limitations on placing and sourcing private capital.