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Lending RequirementsLending Requirements AGENTSLending enables you to provide buyers with more services and adds transaction efficiencies resulting in unique advantages for both you and your clients. However, the practice must be done in compliance with RESPA and HUD. This results in you becoming the loan officer, getting paid for doing loan officer work. Adding AGENTSLending is not about retiring your current loan officer relationships. Currently realtors are only capable of originating conventional, Sub-Prime and VA loans; commissions cannot be paid on FHA loans. Maintaining your relationship with your current lenders helps you provide a trustworthy resource for your FHA clients. RESPA permits realtors to collect commissions on loan originations upon completing 5 to 15 tasks outlined in their regulations. The majority of these tasks are already being performed by seasoned realtors who know how to streamline the buying process. Pre-qualifying your clients Educating your clients on the buying process Initiating proposals Initiating engineering reports or inspections Providing disclosures to your clients Maintaining regular contact with your client Participating in the closing Back
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