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 fee?

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

What is computerized loan origination?

The list of provider names on the computerized loan origination systems 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. Would you like a computerized loan origination system? Well, the MBS Group can help.

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

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

Mortgage Banking Solutions is glad to help you with any computerized loan origination help you may need.

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

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