7 states plan to track MBs

[Shelley4146]

Great to hear, could help weed out the worst, I see that California is not listed though.

 

[rcsone]

....why not satisfactory credit reports added to fingered printings....?....rs

 

[Mike Kennedy]

I'm in. To my knowledge I have yet to have a complaint filed yet I am already listed on the ASC, Listed in Missouri and Kansas databases, my fingerprints are on file with the FBI, I have both State and Federal Jackets, (ha ha not criminal), I have to have continuing education hours every year, may have my files pulled and audited by the either or both states at a whim, I have to keep a log of every job I do. Pay yearly license fees, yearly insurance for that license, business permits heck what more could they add?

Photo ID Drivers License

 

[John "Corky" Harry]

Gotta agree with Strahan. Due to lack of funding and resources, the DPOR in Virginia cannot properly babysit (I do not like the word regulate) the current crop of licensed and certified appraisers. How is the state or federal government going to be any different with mortgage brokers?

Maybe if the AG's office and the state banking agencies in each state applied existing laws and investigated mortgage and appraisal fraud with some vigor, attitudes and the willingness to screw a property owner or buyer will decrease.

 

[Howard Klahr]

Florida has required the licensing of mortgage brokers which includes a criminal background check all along. This is requirement will not just eliminate the problems by its meare existance. Fraud and misrepresentation still continue. The good news is if you get stiffed on an appraisal fee you will be able to know where to serve the papers.