Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

My company, a licensed Mortgage Broker, wishes to engage in Table Funding Mortgage Loans. How will the Act affect me?

April 26, 2017ACT COMPANY engage funding licensed mortgage broker mortgage loans Table wishes

0

Posted

My company, a licensed Mortgage Broker, wishes to engage in Table Funding Mortgage Loans. How will the Act affect me?

1 Answer

0

Posted

Table funding — the assignment and sale of any loan closed by a Mortgage Broker licensee in its own name must be consummated within one business day. Any Mortgage Broker who is uncertain if the sale of loans will be accomplished within one business day should apply for a Mortgage Lender license.