2010-03-22 — ml-implode.com
... a trend is developing that signals the end of term “net branch†is near. States don’t want anything resembling a net branch or associated with “net branching†operating within their borders. Branch applications in many states, coming from HUD compliant by the book mortgage bankers, that were previously approved 99.9% of the time, are being denied because the mortgage bank itself is associated slightly with term “net branchingâ€.
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MortgageDrummer at 01:02 2010-03-23 said:
"It's about time. " all that was happening there was these loan officers (used car salesman) open up a net branch and bring along a manager. . and there you have it. . . "NET BRANCH" Biggest mistake I ever made was to allow a LO to work at a remote location , independent and secured under my license , my bond, my a** . .How do you think the now sub-prime FHA loans keep getting writen? tell me. . . . Can we say "FRAUD" ?? "You can't teach ethics or regulate honesty. ." Permalinkadd a comment | go to forum thread
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