Working Directly For A Bank

[nstanbru]

Isn't this a blatant USPAP violation? Or is this something that is just sort of "understood"?

There's a difference between getting paid at closing and getting paid "contingent" on the loan closing. If the engagement letter indicates payment to be made through escrow (or whatever closing mechanism is used in your area), regardless of the loan outcome, I don't see a problem. IOW, one can't accept an assignment if payment is subject to some sort of predetermined outcome or event.