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#1747458 - 10/08/12 10:24 PM Builders Listing Us As A Preferred Lender
YosemiteSamIAm Offline
Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
Do you foresee any RESPA implications in giving borrowers a $1000 lender credit when they purchase a particular builder’s homes? What if the builder also lists us as a preferred lender on their company website (uncompensated)?
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Sorry, did I just use my outside voice?

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Lending Compliance
#1747466 - 10/09/12 11:00 AM Re: Builders Listing Us As A Preferred Lender YosemiteSamIAm
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,239
Galveston, TX
If the $1,000 benefit is going to the borrower, there are no RESPA concerns.

As far as the free advertising, IMHO it is pretty low risk and you can't necessarily police every website on the internet. smile
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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