Ep 131 Pt.1 Dodd-Frank And What You Need To Know To Protect Yourself When Creating Terms

On this episode we interview Russ O’Donnell and talk about the Dodd-Frank Compliance and The Safe Act. Russ O’Donnell is a licensed RMLO and HUD Certified Underwriter. He is also the CEO and Founder of Call The Underwriter, a company that helps private lenders and investors remain Dodd-Frank compliant.  We talk about what you need to do when selling on creative terms and go over 

• Russ’s experience in lending.
• Defining origination and underwriting and some examples.
• The laws to consider when lending and borrowing money.
• How Dodd-Frank can protect lenders.
• What it means to screen someone’s ability to repay.
• Specific guidelines for balloon payments.
• Professional advice for those planning to become a lender or borrower.

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.