One Response to 01-20-11 Rule of Law

  1. Nick Discusses:
    •Understanding the Application Process
    •Loan Application tricks
    •Incomplete applications
    •State regulated
    •Disclosures
    •DISCLOSURE of Relationships
    •Broker vs. Lender
    •Fiduciary Responsibility vs. Generating Fees for the LO
    •Appraisers, Inspectors, Title companies, Realtors
    •Controlled Business Arrangements
    •Different Types of loans
    •CONFORMING LOANS
    •Subprime Loans
    •Credit bureaus and scores
    •Strong-arming and bait/switch: Rates, fees, Title companies, realtors, Brokers, other creditors
    •Details are in the documents and matching with Disclosures