This form is used by a loan broker or escrow officer when originating a mortgage with a lender or carryback seller, to include a guarantee, exculpatory or governing law provision in the promissory note.
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This is the second article in our series covering broker recruitment strategies. This article details the main types of hires available to a broker, provides techniques to solicit prospective talent and advises on how to alter the solicitation approach depending upon the type of hire. The first article covers the creation and maintenance of a broker’s recruiting plan and goals.
Read MoreThis form is used by a transaction agent, loan broker or escrow officer when in a sale or loan transaction a mortgage is created evidenced by a note, to secure the performance of the note by a lien on described real estate which restricts aspects of its ownership.
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An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.
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This is the first article in our series covering broker recruitment strategies. This article details how a broker’s business model, recruiting plan and recruiting goals are developed and maintained to help a brokerage function at its highest capacity and avoid becoming a stagnate office.
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