CLICK HERE TO FIND OUT HOW THE MBS GROUP CAN HELP YOU WITH COMPUTERIZED LOAN ORIGINATION SYSTEMS.

Note: The content below about broker to broker is under review and still being developed.

Can a lender reimburse the borrower for payment of the CLO fees?

Yes. This issue was addressed in the 1996 RESPA rule.

What is a CLO?

The list of provider names on the CLO must be presented in a neutral format.A CLO is a computerized loan origination system. A CLO provides a list of lenders and their loan rates to consumers.

Can the CLO provider charge a fee for providing the computerized loan origination systems?

A reasonable fee can be charged for providing this information. Yes.

Mortgage Banking Solutions is glad to help you with any CLO help you may need.

More information on a computerized loan origination system by the MBS Group.

Mortgage Banking Solutions answers some basic questions about Computerized Loan Origination Systems (CLO's) .

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