Builders Listing Us As A Preferred Lender

Posted By: YosemiteSamIAm

Builders Listing Us As A Preferred Lender - 10/08/12 10:24 PM

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)?
Posted By: rlcarey

Re: Builders Listing Us As A Preferred Lender - 10/09/12 11:00 AM

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