Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Some agents don’t send their clients to a lender. They are the lender. Research firm RETR has identified 3,729 cases in which an agent’s top loan officer shares the agent’s name, according to HousingWire. California accounts for 40% of those matches, and California, Florida, Texas and Arizona together make up nearly 71%. That’s a small slice of the industry. It’s also a smart…
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3,729 Agents May Also Be Their Clients’ Loan Officers. The Disclosure Is the Hard Part.
RETR’s name-match analysis highlights agents who may also originate mortgages, raising questions about disclosure, compliance and competing loan estimates.
