A computer network of major lenders that allows agents to initiate mortgage applications in their office. HUD has approved the procedure as long as 1) full disclosure is made of the fee; 2) multiple lenders are displayed on the computer screen to give borrowers a basis for comparison; 3) the fee charged is a dollar amount rather than a percentage of the loan.
CLO (Computerized Loan Origination)
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About the Authors
Kristin & Quinton Doakes
Driftwood Realty Group offers an innovative approach to Real Estate. The role of our Agents doesn’t stop at the end of each transaction. As your trusted Real Estate Advisors, we provide concierge service for our customers before, during, and after the sale. Our Advisors perform at the top of their market and keep positive relationships with happy customers.