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Replies (4)
- Justin Coleman, "UtahLoanProfessional"
- Contributions:72
I would hope that everyone already knew that this was coming and planned accordingly....if not, I am so sorry.
- Dave Skow, "daveskow"
- Contributions:1105
will be interesting ......
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Same story with the CCMA. Denied. The attorneys state the chance for appeal is low.
You are right Wayne, we all will be going through a learning curve.
Happy funding, Rudi
You are right Wayne, we all will be going through a learning curve.
Happy funding, Rudi
- Andrew Adams, "203K Specialist"
- Contributions:9349
The only folks to get hurt are the consumers. The unintended consequence of eliminating loan officer discrecsion in pricing is that loan officers can no longer choose to discount a rate for a well qualified buyer!
In an attempt to protect consumers from themselves and prevent lo's from over charging, they have increased the cost to all consumers. As an LO I used to have the option to share in the underage. Since we can't share it...who really thinks lenders/brokers are going to allow it!
In an attempt to protect consumers from themselves and prevent lo's from over charging, they have increased the cost to all consumers. As an LO I used to have the option to share in the underage. Since we can't share it...who really thinks lenders/brokers are going to allow it!
Mortgage Brokers Assoc. Suit Denied to stay April 1 LO comp law
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- 0.0/5.0
Contributions:1177Forget what you know about pricing a loan and go back to square one on Friday...
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