All Posts Tagged With: "mortgage net branch"
States Cracking Down on Mortgage “Net Branches”
A director of compliance at a big time Dallas, TX mortgage bank told me recently a trend is developing that signals the end of the 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 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 branching”.
22Mar2010 | edferrara | 2 comments | Continued