Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 37
Meet the CEO
Sarah Montes
By Tim Houghten
Texas Pride Lending
makes owner financing
easier, safer, and more
profitable for real estate
investors.
While Texas Pride provides a
variety of financing assistance,
it’s main focus is as a seller
finance specialist delivering Res-
idential Mortgage Loan Origina-
tor services to investors.
So why do you need them?
S
Sarah Montes, an RMLO with
over 10 years experience,
specializes in owner finance
originations, keeping inves-
tors compliant through the
process of an owner finance
transaction. Sarah Montes is
a Dodd-Frank expert and an
owner finance specialist. If
you are buying or selling with
owner financing, it is extreme-
ly important to be compliant.
In order to do so, you are re-
quired to use a licensed RMLO
to originate the seller finance
mortgage to be compliant
with the Dodd Frank Act.
Texas Pride Lending is today’s
premier RMLO service to
investors! Built and run by RM-
LO’s that have taken the time
to read all the regulations,
Texas Pride Lending will make
your owner financed transac-
tion smooth and compliant.
Realty411Guide.com
eller financing can be both
one of the most profitable
and risky parts of investing
in real estate today. Texas Pride
Lending is in business to ensure
that investors get to enjoy more
safety, efficiency, and profit when
they engage in owner financed
deals.
In an exclusive phone inter-
view with Sarah Montes, the
company’s executive director,
our media company gained new
insights on how their firm can
help investors offer seller financ-
ing with confidence, and stay in
compliance.
STAY COMPLAINT
Sarah Montes says that many
investors simply aren’t aware
that new rules require them to
use a RMLO to provide private
financing. That could be setting
many up for legal and financial
disasters.
An RMLO is a licensed
originator who ensures that all
required disclosures are provided
to the buyer, and that paperwork
is in order to keep investors com-
pliant with current laws. These
services include requesting and
verifying buyer income informa-
tion and ability to repay, as well
as completing a full underwriting
package.
Investors are able to lever-
age these services for a modest
flat fee, and Montes quotes past
clients who have said they have
found their privately originated
mortgage notes worth far more
with the documentation provid-
ed.
Whether investors plan to re-
sell notes or not, it is valuable to
TEXAS PRIDE LENDING
Texas Pride Lending has been
assisting investors for 10 plus
years. Originally founded by
Grant Kemp, and now headed up
by Sarah Montes. Kemp remains
on staff, and continues to be a
great value-add partner and con-
sultant to the company’s clients.
Today, Montes is heading up
RMLO services and new prod-
uct and geographical expansion
plans.
PAGE 37 • 2017
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