For years, attorneys have advised their lender clients not to simply approve a marketing agreement and lock it in a drawer.
Now, it’s more important than ever for lenders to continually monitor performance with any type of arrangement that involves a referral source because the Federal Deposit Insurance Corp. is becoming more involved in RESPA enforcement, Franzen & Salzano President Loretta Salzano told RESPA News.
Read on for details from Salzano.
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