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?

What is computerized loan origination?

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

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.

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

A CLO provides a list of lenders and their loan rates to consumers.

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

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

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

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