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About Larry Batch
Expertise
Mortgage lending FHA,VA, Conventional,B/C,investor lending, Reverse Mortgage Lending. Purchases and Refinande`s

Experience
Experence in the area of mortgages. Direct lender. Have worked as Mortgage broker, mortgage lender. With over 18 years experence in Organizations; Florida Assocation of Mortgage Brokers FAMB ,National assocation of mortgage B brokers NAMB,Reverse Mortgage lenders assocation. Former member of Florida Assoc. of Realtors. Womens Realtors asoc. Education/Credentials Certfied first time home buyers, Certified Reverse Mortgage instrutor, Senior loan officer.Foreclosure specialist.

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Real Estate Home Mortgages - Mortgage Question

Expert: Larry Batch - 6/1/2004

Question
I am currently licensed in California and have been doing loans for 2 years. I would like information how I start my own brokeage and becoming a direct lender. I am wondering how people like ditec and others do all 50 states. Thank you for any answers you can give me.

Answer
you have to become license in states that require license must do. You also need a net worth of minimum 50,000 and up, some states require 250,000 liguid assets.. do you have your own underwriter and processors to be a direct lender.?
Why do you want to be a direct lender with only 2 years of experence/

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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here