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Broker
LO is an abbreviation for Loan Originator. ILO is an abbreviation for Internal Loan Originator. ELO is an abbreviation for External Loan Originator.
MRAM is the MAMRAMIM platform's credit system. MRAM is purchased by the Member for transactional use. The transaction actions are either to "Upload" a prospective loan/note or to "Download" a prospective loan/note. These actions will be depend on your Member type.
No, you will need to create an account for each Member type. It is important that each Member have their own login credentials.
No. Your MAMRAMIM membership allows you to set up sub-accounts for multiple ILOs/ELOs/AAs/Agents under your primary membership. However, each sub-user is considered a member, so they will need their own login credentials. NOTE: Sub-users will have access to the primary members MRAM credit account for funding their transactions on the platform; with the exception of ELOs who manage and fund their own MRAM credit accounts.
Your MAMRAMIM Loan & Note Marketplace membership starts when your credentials/licenses have been verified and your payment method is in place.
Your account information and data will be archived. Should you return to reactive your account within 6 months of deactivation, your old data will be able to be retrieved.
When logging into your account, go to the member drop-down menu and submit a support ticket requesting reactivation. NOTE: You will be required to go through the same vetting process as your original onboarding (ie verification of licenses, credentials, etc.)
Lender
An Acquisition Agent, also referred to as AA, is an employee of a Lender who is permitted to use MAMRAMIM Platform to Download Loans based on restrictions placed by the Lender. An AA is not responsible for any transactional fees.
MRAM is the MAMRAMIM platform's credit system. MRAM is purchased by the Member for transactional use. The transaction actions are either to "Upload" a prospective loan/note or to "Download" a prospective loan/note. These actions will be depend on your Member type.
A Lender can view their Acquisition Agent' activities through the "Impersonate" feature in the Action column drop-down menu for each Acquisition Agent.
Each member type will need their own login credentials.
No. Your MAMRAMIM membership allows you to set up sub-accounts for multiple ILOs/ELOs/AAs/Agents under your primary membership. However, each sub-user is considered a member, so they will need their own login credentials. NOTE: Sub-users will have access to the primary members MRAM credit account for funding their transactions on the platform; with the exception of ELOs who manage and fund their own MRAM credit accounts.
Your MAMRAMIM Loan & Note Marketplace membership starts when your credentials/licenses have been verified and your payment method is in place.
When logging into your account, go to the member drop-down menu and submit a support ticket requesting reactivation. NOTE: You will be required to go through the same vetting process as your original onboarding (ie verification of licenses, credentials, etc.)
Note Seller
A Note is a loan document that has been executed by a Borrower.
A Note Seller is any party that has in their possession an executed Promissory Note from a Borrower entitling them to the beneficial interest of the Note.
A Note Seller Agent, also referred to as Agent, is an employee of a Note Seller who is permitted to use the MAMRAMIM Platform to Upload Notes based on restrictions placed by the Note Seller. An Agent is not responsible for any transaction fees.
MRAM is the MAMRAMIM platform's credit system. MRAM is purchased by the Member for transactional use. The transaction actions are either to "Upload" a prospective loan/note or to "Download" a prospective loan/note. These actions will be depend on your Member type.
Each Member will need their own login credentials.
No. Your MAMRAMIM membership allows you to set up sub-accounts for multiple ILOs/ELOs/AAs/Agents under your primary membership. However, each sub-user is considered a member, so they will need their own login credentials. NOTE: Sub-users will have access to the primary members MRAM credit account for funding their transactions on the platform; with the exception of ELOs who manage and fund their own MRAM credit accounts.
Your MAMRAMIM Loan & Note Marketplace membership starts when your credentials/licenses have been verified and your payment method is in place.
When logging into your account, go to the member drop-down menu and submit a support ticket requesting reactivation. NOTE: You will be required to go through the same vetting process as your original onboarding (ie verification of licenses, credentials, etc.)
Note Buyer
A Note Buyer Agent, also referred to as Agent, is an employee of a Note Buyer who is permitted to use MAMRAMIM Platform to Download Notes based on restrictions placed by the Note Buyer. An Agent is not responsible for any transaction fees.
MRAM is the MAMRAMIM platform's credit system. MRAM is purchased by the Member for transactional use. The transaction actions are either to "Upload" a prospective loan/note or to "Download" a prospective loan/note. These actions will be depend on your Member type.
Each Member will need their own login credentials.
No. Your MAMRAMIM membership allows you to set up sub-accounts for multiple ILOs/ELOs/AAs/Agents under your primary membership. However, each sub-user is considered a member, so they will need their own login credentials. NOTE: Sub-users will have access to the primary members MRAM credit account for funding their transactions on the platform; with the exception of ELOs who manage and fund their own MRAM credit accounts.
Your MAMRAMIM Loan & Note Marketplace membership starts when your credentials/licenses have been verified and your payment method is in place.
When logging into your account, go to the member drop-down menu and submit a support ticket requesting reactivation. NOTE: You will be required to go through the same vetting process as your original onboarding (ie verification of licenses, credentials, etc.)