To become an approved broker with Spectrum you only need to provide your current NMLS # and proof of good standing, that’s it. Commercial loan originators do not need to be licensed to conduct business with us.
Yes, brokers are always protected and their fees always appear on the HUD and are paid directly by the closing agent.
Spectrum does not offer premium pricing programs for hard money loans.
Yes. Our attorney will produce closing documents and review title.
No. Every hard money loan is custom tailored and therefore we do not issue any generic rate sheets or matrix’s.