Comments on: Mortgage Broker Commission Meeting Tomorrow http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Jillayne Schlicke http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317593 Jillayne Schlicke Tue, 13 May 2008 19:37:49 +0000 http://raincityguide.com/?p=1865#comment-317593 Hi Rhonda, Here's the link: http://mortgagefiduciaries.com/2008/05/live-from-the-wa-mortgage-broker-commission-meeting/ Hi Rhonda,

Here’s the link:

http://mortgagefiduciaries.com/2008/05/live-from-the-wa-mortgage-broker-commission-meeting/

]]> By: Rhonda Porter http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317592 Rhonda Porter Tue, 13 May 2008 19:31:26 +0000 http://raincityguide.com/?p=1865#comment-317592 Hey Jillayne, it was nice to sit with you at the Mortgage Brokers Commission Meeting today...so where is your link to your live post? :) Hey Jillayne, it was nice to sit with you at the Mortgage Brokers Commission Meeting today…so where is your link to your live post? :)

]]> By: Rhonda Porter http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317405 Rhonda Porter Sat, 10 May 2008 03:47:08 +0000 http://raincityguide.com/?p=1865#comment-317405 There's another meeting on Tuesday, May 13 at Bellevue City Hall. RSVPs were required by today...I posted a link on the post Jillayne referenced at #11... There’s another meeting on Tuesday, May 13 at Bellevue City Hall. RSVPs were required by today…I posted a link on the post Jillayne referenced at #11…

]]> By: Roger Ingalls http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317402 Roger Ingalls Sat, 10 May 2008 02:09:29 +0000 http://raincityguide.com/?p=1865#comment-317402 Jillayne: Thanks for the shout out about the meeting. It was MOST informative. There are loads of brokers that still have no idea about this development. Jillayne:

Thanks for the shout out about the meeting. It was MOST informative.

There are loads of brokers that still have no idea about this development.

]]> By: Jillayne Schlicke http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317290 Jillayne Schlicke Thu, 08 May 2008 06:05:47 +0000 http://raincityguide.com/?p=1865#comment-317290 I have posted an update as a new blog article, instead of leaving a very long comment on this one. http://www.raincityguide.com/2008/05/07/a-mortgage-broker-is-not-a-lender/ I have posted an update as a new blog article, instead of leaving a very long comment on this one.

http://www.raincityguide.com/2008/05/07/a-mortgage-broker-is-not-a-lender/

]]> By: Rhonda Porter http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317267 Rhonda Porter Thu, 08 May 2008 00:13:05 +0000 http://raincityguide.com/?p=1865#comment-317267 I have to make sense of my notes too! I look forward to your post, Jillayne. I have to make sense of my notes too! I look forward to your post, Jillayne.

]]> By: Jillayne Schlicke http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317266 Jillayne Schlicke Wed, 07 May 2008 23:54:07 +0000 http://raincityguide.com/?p=1865#comment-317266 Oh boy. No wifi at the center so now I have to go through 9 pages of notes. Short version: If you're a pure broker, and do NOT have a correspondent/warehouse line, you don't need a CLA license. If you're a broker AND ALSO a correspondent lender with a warehouse credit line, you can chose to only go with a CLA, or maintain both licenses. the MBPA license, and also a CLA license. Both options have positives and negatives. Most important next step is to define the word "lender." I know how RESPA defines it. Pure brokers are not lenders. More later. Oh boy. No wifi at the center so now I have to go through 9 pages of notes.

Short version: If you’re a pure broker, and do NOT have a
correspondent/warehouse line, you don’t need a CLA license.

If you’re a broker AND ALSO a correspondent lender with a warehouse credit line, you can chose to only go with a
CLA, or maintain both licenses. the MBPA license, and also a CLA
license. Both options have positives and negatives.

Most important next step is to define the word “lender.”

I know how RESPA defines it.

Pure brokers are not lenders.

More later.

]]> By: Rhonda Porter http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317209 Rhonda Porter Wed, 07 May 2008 03:58:03 +0000 http://raincityguide.com/?p=1865#comment-317209 Thanks again, Jillayne. I'll see you tomorrow! Thanks again, Jillayne. I’ll see you tomorrow!

]]> By: Jillayne Schlicke http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317207 Jillayne Schlicke Wed, 07 May 2008 03:49:10 +0000 http://raincityguide.com/?p=1865#comment-317207 Yes. I'll send it out tonight. Yes. I’ll send it out tonight.

]]> By: Rhonda Porter http://raincityguide.com/2008/05/06/mortgage-broker-commission-meeting-tomorrow/#comment-317198 Rhonda Porter Wed, 07 May 2008 03:15:49 +0000 http://raincityguide.com/?p=1865#comment-317198 Jillayne, if you really want to do your mortgage broker/correspondent clients a favor, you might consider sending them an email regarding this? Jillayne, if you really want to do your mortgage broker/correspondent clients a favor, you might consider sending them an email regarding this?

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