Mar 23, 2008

Realtors should not write home loans

I do not understand why some real estate companies allow their associates to work as mortgage loan consultants. With mortgage fraud so prevalent in this country, it would seem to me that the risks out way the benefits of having agents work in this dual role.

Watson Realty Corp has a separate mortgage company with loan consultants who only handle home loans. Real estate agents who work with Watson Realty Corp. do not write loans, broker loans or act as mortgage officers.

Having this policy in place goes a long way in helping us avoid situations like the one discussed on this blog.


Related Florida real estate views:

Buyers are choosing fixed rate mortgages

Is customer service improving as the market weakens?

Mortgage insurance premiums may be tax deductible


- Greg Staker - Watson Realty Corp. - 407-304-0255

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