Webbed Feet
Elite Member
- Joined
- Feb 11, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Canada
To All,
Most recent newsletter... Page 10 article on Fannie forms and non-lender assignments... Second paragraph down, the sentence about the "Lender / Client" being conjoined.
http://oregonaclb.org/media/Spring2008Newsletter.pdf
I am highly concerned regarding this interpretation given the fact most mortgage brokers are not lenders and they do not even know who the " Lender " is going to be. There is an implication here we all get a master that has not even been introduced to us yet! Versus an "Intended User" as I have always taken any wholesale lender to be. The overall implications of this have my mind reeling.
Opinions?
Webbed.
Most recent newsletter... Page 10 article on Fannie forms and non-lender assignments... Second paragraph down, the sentence about the "Lender / Client" being conjoined.
http://oregonaclb.org/media/Spring2008Newsletter.pdf
I am highly concerned regarding this interpretation given the fact most mortgage brokers are not lenders and they do not even know who the " Lender " is going to be. There is an implication here we all get a master that has not even been introduced to us yet! Versus an "Intended User" as I have always taken any wholesale lender to be. The overall implications of this have my mind reeling.
Opinions?
Webbed.