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> If you were an exec at a mortgage company and weren't willing to give a loan to anyone who could fog a mirror, you'd greatly underperform your competition in
by DaiPlusPlus 5y ago
> If you were an exec at a mortgage company and weren't willing to give a loan to anyone who could fog a mirror, you'd greatly underperform your competition in the short term, and you'd be canned long before the end game became apparent.
I would have assumed that loan-officer regulation would have meant that wouldn't happen. How many LOs kept their accreditation after the crash?
- TheRealPomax 5y agoWith hundreds of thousands of loan officers throughout the country, you'd need substantially more people hunting down regulation violations than there were. Or are.
- thrower123 5y agoMy experience is that right now, most loan officers can scarcely fog a mirror.