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(English) Does Anyone Think These Things Through?

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5 comentarios
  1. Dave Folsom
    Dave Folsom Dice:

    Once again, the people who should know but don’t seem to know what they are doing are in charge. We saw the overreaction in the late eighties and once again the regulators are only making it worse. As with Realtors, a shift in the market brings a reduction in LO’s, some of whom should not have been in the business in the first place. Order takers working on high volume due to large advertising budgets who don’t have a clue about service and integrity should get out of the business. But I agree that there are many great loan officers out there who really care about what is best for the borrower. I hope that those LO’s and those Realtors who are true fiduciaries can hang in there until the regulators get a clue.

  2. Sonny Allen
    Sonny Allen Dice:

    Great article Dean! Thanks for sharing this. I would also add that these over reaching regulations have been heavily lobbied for (in the name of consumer protection) by the larger banking institutions who stand to profit by driving down LO compensation and running smaller companies out of the industry…thus sticking it to the consumer! Let’s keep making some noise!!!

  3. cynthia wozniak
    cynthia wozniak Dice:

    The big banks are the only ones happy about this! They are the ones that want the experienced knowledgable loan originators either working for them or out of the business so they dont have to compete with them which only hurts the borrowers. Very discouraging. I am one of those that has been in the business for 25 years and very frustrated with our whole system.


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  1. […] This post was mentioned on Twitter by Jeffrey Chalmers, Jeff Chalmers, HomeBuyer University, Keith Goeringer, Justin Herring and others. Justin Herring said: RT Does Anyone Think These Things Through?: Let’s start with an acknowledgement…the mortgage industry got messed… http://bit.ly/hj34bK […]

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