KnowYourPro

What I've heard about BofA is that there is a total wall between the branch and the mortgage dept. They can help you in the branch, take your information, plug it into a computer, but where it goes after that is anyone in the branch's guess.

In my earlier career in the mortgage business, I was a LO at a Lender (funded their own loans). Thought Brokers were the scuzziest people on the planet. Once I bacame a Broker, I was converted. Everyone has their pluses and minuses, hopefully we ...

So the story is that the banks came in hard against this idea as they thought their own LO's might not seem so legitiamate compared against a Broker/Lender LO who has gone through education and testing.

JP hits it on the first guess.

Nice answer but no. :D

Thanks to Jen commenting on my last blog post, I now have my next blog post. Continuing my compliance theme, today I'm talking about licensing and how it came about in MA. Starting in the early 2000's, our state association was pushing for Loan ...

The subject of my next blog post. Jen, you will be suprised. Might take a day or two to post so until then you will have to wait.