|
^^ many still do... but I feel for the most part, it's actually gone. brokers really can't screw over a borrower anymore with fee's or rates, even the commission is regulated to were you really cant make that much and any YSP is credited towards borrower. they tightened up requirements as well if you want to sell/broker loans you must take additional courses to stay licensed. imo they have over-regulated this profession. to do loans as a broker it's more of a headache and you have to babysit each loan with decreased pay...as well as a general pain for the qualified borrower to get it closed.
|