Jalexi
Sophomore Member
- Joined
- Dec 30, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
What if rules were put in place to remove the commision incentive from the Mortgage broker? If an applicant for a mortgage was required to pay an up front a fee of $700 plus any fees the mortgage broker incurs (credit reports, etc) and the appraiser and MB were paid at the start of the process wouldn't this eliminate the pressure to inflate values?
Appraiser gets $350, MB gets $350 plus and fees to start file.
Is this workable?
Appraiser gets $350, MB gets $350 plus and fees to start file.
Is this workable?