This post goes out to mortgage lenders with a shout out to not let your guard down. Loan officers need training to understand what they can and cannot do.
This post also goes out to title insurance companies with a shout out to not let your guard down. Title agents need training to understand what they can and cannot do.
When loan officer calls and wants special pricing for their transaction, we say no. We don't even give ourselves special pricing when we do our own transactions. We keep the slate clean.
When a loan officer tells real estate agents and the borrower that "they don't need to know" about an addendum, we help them understand that they are colluding to defraud the mortgage lender.
We have to stand our ground to support good practices and have a zero tolerance for RESPA violations and fraud. Don't you agree?
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