4506t are used if there is a problem verifying your soc # & also it is used when the lenders get audited, and they do get audited!

I have not heard of First Choice Mortgage in Charlotte.

It doesnt. You will have a mortgage credit pull listed on your report which as long as you havent gone on a credit pulling spree wont even really calculate into your score.

Phone your mortgage company and ask them. They are sure to be helpful and might have a good deal available. Just asking won’t affect your rating.

You have 2 options available to you. First option is to go work for a direct lender as an originator. This will allow you to get to know the business and you will work under their DOC license. If licensed under the DOC then the individual employees do not need to be licensed.

Second option is to go to work for a Broker. To be a loan officer (originator) you will need to enroll and complete a real estate princiapals course, then schedule with the Department of Real Estate for your sales persons license exam. Once you pass and pay the state their due you will then have a real estate license. This will allow you to originate loans and represent buyers and sellers in Real Estate transactions.

The above poster is correct in pointing out that the market is difficult right now. Many lenders and brokers are closing their doors due to slowing in the industry. However, people are still buying and selling homes and there will always be a need for agents and loan officers.

Best of luck to you!

Kevin 949-375-2380

Are you sure thats a business you want to go into? Your entering a very tough market were people are leaving the business and not entering it because its so tough.

Get a job at the Mortgage Broker Office.
at first, you’ll just answer phone calls and all, but eventually, you’ll either be a processor or agent.

credit-report-free.totalh.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

Sounds to me like their taking what you owe for the late payments to collections unless you pay it. I would call first thing and get it straightened out..they normally work well with you.

Good luck.

There are at least 2 wholesale lenders (they only work with approved brokers) left that will do FHA loans with scores under a 600.

No, they will not take your house.They will however, turn you over to collections which will affect your future borrowing power. Pay it (even if not all in one lump sum) and don’t be late again.