Colorado is one of the last states to implement licensing standards for mortgage brokers.
Members of the mortgage industry are somewhat split concerning licensing.
My opinion - Licensing is great for our industry. It provides accountability. It will eliminate uneducated and unqualified brokers.
That being said, regulation will not transform every broker into a vehicle working for the borrower's interests. Always work with a trustworthy reputable broker who can provide references!
Check out http://www.dora.state.co.us/real-estate/mortgage/legislation.htm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment