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#1073798 - 10/30/08 06:10 PM Mtg Originator married to a RE Agent
Oviedo Boy Offline
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Joined: May 2006
Posts: 629
Tennessee
We are looking at hiring a Mtg Originator, who just so happens to be married to a real estate agent...are there any disclosure requirements or any precautions we may need to take in hiring this person? Just trying to cover all bases...Thanks!
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#1075085 - 11/03/08 02:54 AM Re: Mtg Originator married to a RE Agent Oviedo Boy
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
"or any precautions we may need to take in hiring this person?"


I would ensure that they never do a loan involving this particular real estate agent without an Affiliate Busine Disclosure Statement.
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#1075093 - 11/03/08 03:21 AM Re: Mtg Originator married to a RE Agent rlcarey
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Check your bank's ethics policy, if you have one. Even if you do not, you may want to ensure that the originator is never involved with a loan that the spouse touched in any way to avoid even the perception of a conflict of interest.
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