Fully Licensed RMLO Origination


Professional, compliant origination of owner finance notes
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Loan Source Origination is a licensed RMLO that works with investors just like you.

How can an RMLO help your owner finance business?

RMLO services support investors and owner finance buyers, ensuring compliance with state and federal regulations. Services include: taking the loan application, verifying the buyer's ability to repay, and distributing the mandatory loan disclosures to your buyer. We support investors and owner finance buyers through out the state of Texas and want to help you close quickly and efficiently.

Your Professional Loan Package Includes:

Qualified Mortgage Report

Current Dodd-Frank regulations offer certain protections to lenders who create loans that are considered qualified mortgages. Let our company determine your loan's standing and offer advice to adjust your loan if necessary to be covered with optimal protections.

Required Loan Disclosures

Federal and state regulations require specific loan disclosures delivered to your buyer within strict time frames. These disclosures are vital to compliance with regulations and must be included. Let us keep track of the disclosures for you.

Credit Report

Smart lenders don't skip credit checks. Avoid potential risks by having your buyers credit examined to determine creditworthiness and risk to the life of your note. A mature note is more valuable and more marketable.

Supporting Underwriting Documentation

Receive documentation of the loan terms, fully amortized loan schedule, and important loan information in a professional and organized package for you to hold in your note portfolio.

Proof of Income

Investors are required by the Dodd-Frank Act to determine a buyers ability to repay a loan based on industry standard guidelines. Let our company track down W-2s, bank statements, and other income verification to keep you in compliance with the law.

Closing Disclosure

An important final piece, an accurate closing disclosure means a quick closing with all the small details put together in one neat and organized document. We promise to close quickly with accurate CDs and no unnecessary hang ups.

Why Owner Finance?

Successful real estate investors know that it takes many strategies to build a thriving real estate business. Investment properties require you to decide the best exit strategy, and there are many great options out there depending on the needs of your business. Owner finance is one of the many excellent strategies you should depend on as an investor, and as a licensed professional RMLO, Loan Source Origination can help you to get there.

If you do not already utilize owner finance as one of your exit strategies, consider the financials below to see the potential savings offered by owner finance rather than renting out an investment property:

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Meet Our Licensed RMLO

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Leighanna Lucas

Leighanna Lucas is a licensed RMLO (NMLS ID 1781251) and co-founder of Loan Source Origination. Investor friendly and personable, Leighanna is here to assist with all your owner finance questions and to help you understand how to create owner finance notes that are not only marketable assets, but also compliant with federal and state regulations.

Figure: 7 TAC §80.200(b)

"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."

Loan Source LLC NMLS ID: 1976063