How does a mortgage corporation work and earn business (US Setting)?

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How does a mortgage corporation work and earn business (US Setting)?

I would like to know the legal limits what a mortgage corporation can do in terms of client screening, financial response or endorsement for a client, investment and participation under federal guidelines of operations.

Where can I get resources? Thanks!

2007-03-25 17:58:09 · 1 answers · asked by Blancheck 2 in Business & Finance ➔ Corporations

1 answers

The only legal limits involve %rates. They have money to lend they can lend it to anyone they want.As far as how they earn business,BY CALLING YOU AT DINNER TIME.

2007-03-27 07:17:07 · answer #1 · answered by Proofoflife 3 · 0⤊ 0⤋