Tuesday, January 13, 2009

RESPA violation? What do you think?

We've got a regional law office soliciting business from mortgage lenders by offering to perform telemarketing on their existing customer base. The deal is that they solicit refinance applications for the lender in exchange for the guarantee of the title order.Is this a RESPA violation? I think so. What do you think?Interestingly, we had a closing the other day in which the seller had been

RESPA violation? What do you think?

We've got a regional law office soliciting business from mortgage lenders by offering to perform telemarketing on their existing customer base. The deal is that they solicit refinance applications for the lender in exchange for the guarantee of the title order.Is this a RESPA violation? I think so. What do you think?Interestingly, we had a closing the other day in which the seller had been