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

CLO's

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

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

What is CLO's?

The list of provider names on the CLO's 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's help you may need.

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

More information on a computerized loan origination system
and the MBS Group can help.

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