Frequently Asked Questions
Mortgage Consulting
Traditional loan officers earn their income through commissions, yield spread premiums, and higher interest margins. Their incentive is to sell a loan.
If you choose to work with my team, a dedicated licensed loan officer—not me—will be assigned to handle your loan from start to finish, including disclosures, underwriting, and closing.
My consulting fee is $250 per hour, billed at the time of booking.
I am a licensed mortgage broker, but I do not personally originate loans. If you choose to apply with one of my team’s lending partners, your loan will be originated by a licensed loan officer who has the experience and will take the lead in your transaction.
I will receive compensation from the mortgage company for the referral,. All compensation is fully disclosed, compliant, and transparent through Nexa Lending who will be originating your loan.
No. I do not collect or hold advance fees for mortgage services.
However, lenders may require third-party fees such as appraisals, credit reports, or inspection costs. These are paid directly to the provider or through the lender’s secure portal—never to me personally.
You’ll receive all required disclosures from the licensed loan officer handling your file.
Consulting fees are non-refundable once the session begins.
You may reschedule once within 30 days of your original booking at no additional cost, provided you give at least 24 hours’ notice. Missed or late-cancelled sessions are forfeited.
I can help you:
- Build or repair credit strategically
- Improve debt-to-income ratios
- Prepare documentation for underwriting
- Evaluate loan programs and property types
- Understand lender guidelines and what to expect
If you choose to proceed with one of my team’s lenders, you’ll work directly with a licensed loan officer who manages the loan origination process.
I’ll remain in close contact as your consultant and fiduciary, reviewing disclosures, timelines, and final terms to ensure the process serves your best interest.
The mortgage company will compensate for the referral role which is in compliance with all state and federal regulations.
Yes. I advise clients pursuing all types of financing, including:
Home purchases
Refinances (rate/term or cash-out)
Investment and rental properties
Trust, estate, or probate transactions
Self-employed or non-traditional borrowers
Whether you’re buying, refinancing, or restructuring your portfolio, I help you navigate the process strategically and transparently.
You can schedule your first consultation directly at (Schedule your Consultation)
All sessions are prepaid at booking and can be rescheduled once within 30 days.
Disclaimer:
Eric Lawrence Frazier, MBA, is a licensed mortgage broker (CA DRE #01143484, NMLS #451807) providing mortgage consulting services solely in an advisory capacity. He does not personally originate loans. All mortgage origination and lending activity is performed by licensed loan officers within the company, and all compensation is disclosed in compliance with RESPA, TILA, and California lending laws.