Ray Miller
Elite Member
- Joined
- Feb 20, 2002
- Professional Status
- Licensed Appraiser
- State
- Wisconsin
Heres an idea
Lets start a database of loan officers and companies that have unethical lending practices, ie. asking appraisers to inflate the value, overlook items.
We then have the loan reps sign a disclosure, if they want the information we have collected on them, that the information was collected from non public and public sources and we are only a channel of information and that we are not held liable for what was reported by various state agencies and from appraisers first hand knowledge.
we can then offer it to the borrowers at a fee as they would be the ones to benefit from the information collected, and be able to make an educated decision about the people that they do business with. Maybe some how get it associated with Pam C and the Mortgage Fraud Watch List for cross reference
Just spitting it out
Sounds like a good idea, maybe Pam and Associates would like to pick up on it and run with it.
But those people come and go like fleas or dung beetles.