Texas Premier RMLO for Seller Finance Originations

Texas Pride Lending provides RMLO services to Texas Investors to ensure the proper origination of seller financed mortgages.

If you are an investor looking to contract us to originate your loan, please send us the Sales Contract with details of the transaction via email and we will begin the process.

Turn-Around times are 24-48 hours from the time we get a file in, assuming full cooperation from the borrower.

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If you are buying a home with owner finance, please click above on "Apply Now".

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RMLO services include taking a loan application, verification of buyer's ability to repay, and disclosing the mandatory loan disclosures to your buyer.

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Underwriting RMLO Package includes the following:

1. STATEMENT OF COMPLIANCE
2. QUALIFIED MORTGAGE REPORT  
3. CREDIT REPORT
4. PROOF OF INCOME 
5. REQUIRED LOAN DISCLOSURES
6. SUPPORTING UNDERWRITING DOCUMENTS
7. CLOSING DISCLOSURE

To get started, you can email MAIL@TexasPrideLending.com the Sales Contract with Terms and the buyers contact information and we can get in touch with your buyer to start the process.

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If you are buying or selling with owner financing, it is extremely important to be compliant.  In order to do so, you are required to use a licensed RMLO to originate the seller finance mortgage to be compliant with the Dodd Frank Act.

Our goal is to support new investors with our owner finance expertise.

From structuring the note terms, assisting in buyer qualification, closing, and servicing your note.  

We will direct the investor to utilize our investor friendly resources like attorney’s who specialize in creating seller finance notes, and useful service providers that are needed to make the transaction close quick and seamlessly.

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We can also assist with your sub-to's, wrap mortgages, and note sales!

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In addition to providing excellent customer service for Owner Finance Transactions, Texas Pride Lending is among the top in the industry for providing creative solutions to people looking to purchase a home. We take home buying seriously, and we realize that everyone's needs are different, so we strive to provide our clients with practical and creative solutions to your Real Estate needs.

We look forward to working with you!

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Figure: 7 TAC 80.200(b)

"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR ARESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND ACOMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGELENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINTFORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’SWEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE ISAVAILABLE AT 1-877-276-5550.THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OFCERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERSCAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. AWRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUNDMUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THEPAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND,PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."