Posted By: pacar
Recommended Service Provider List - 01/29/10 12:03 AM
I’m sorry if this has been addressed someplace – I’m sure it has. (I am getting too many misses on my keyword search of the forum)
My understanding of the Provider List is that it must be specific to the transaction, which means it can be a document that changes from loan to loan.
I realize that we have to keep up to date on prices for all of the providers we have on the lists, but is there anything that would prohibit us from having a list for each lender which outlines the companies they personally like to do business with? (I know this would be an administrative nightmare…but is there any other reason not to do it?)
My understanding of the Provider List is that it must be specific to the transaction, which means it can be a document that changes from loan to loan.
I realize that we have to keep up to date on prices for all of the providers we have on the lists, but is there anything that would prohibit us from having a list for each lender which outlines the companies they personally like to do business with? (I know this would be an administrative nightmare…but is there any other reason not to do it?)