Understand The Risk With Brokering Loans

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Understand The Risk With Brokering Loans

Having the ability to broker a loan is a double-edged sword. It puts you in a position to either be the hero or the ass-hole. As a mortgage banker, you typically only broker home loans for a riskier credit profile If the borrower profile isn’t risker, more than likely the property is.

It’s important to know that this clip is from the perspective of a mortgage banker who is used to underwriting and funding their own loans. Apologies for the audio!

Also included are S-Corps and K1’s – as well as working with self employed borrowers. He also briefly touches on hourly vs salary vs 100% commission.


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