Comments on: Regulation of Bond Originators http://www.pro-prop.net/2008/01/04/bond-originator-control/ Residential Real Estate Agents || Cape Town South Africa & International Broking Thu, 28 Apr 2011 07:25:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tess Rodrigues http://www.pro-prop.net/2008/01/04/bond-originator-control/comment-page-1/#comment-90 Tess Rodrigues Sun, 27 Jan 2008 20:30:07 +0000 http://www.pro-prop.net/2008/01/04/bond-originator-control/#comment-90 Yes, I agree the mortgage bond origination industry is in desperate need of regulations. However, this extends to areas far more important than “uniform mortgage applications”. The following needs to be addressed: - Protection of consumers right of choice - Uncompetitive behaviour - “Buying” of business and clients - Falsified documents and fraudulent information - Failure to disclose information that will assist clients in decision making - Failure to inform clients of products and service available to him / her and providing a comparison. It’s about more than just the interest rate discounts. - Failure to disclose information that will assist the banks in making a proper credit assessment. - Proper training, examination and certification of all originators, irrespective of the length of service. Unfortunately, the older the originator, the more bad habits they have picked up along the way. Once the industry has been properly regulated, you will soon see the end of “fly-by-night” originators and hopefully you will be left with an industry that conducts itself professionally and ethically. Yes, I agree the mortgage bond origination industry is in desperate need of regulations. However, this extends to areas far more important than “uniform mortgage applications”. The following needs to be addressed:

- Protection of consumers right of choice
- Uncompetitive behaviour
- “Buying” of business and clients
- Falsified documents and fraudulent information
- Failure to disclose information that will assist clients in decision making
- Failure to inform clients of products and service available to him / her and providing a comparison. It’s about more than just the interest rate discounts.
- Failure to disclose information that will assist the banks in making a proper credit assessment.
- Proper training, examination and certification of all originators, irrespective of the length of service. Unfortunately, the older the originator, the more bad habits they have picked up along the way.

Once the industry has been properly regulated, you will soon see the end of “fly-by-night” originators and hopefully you will be left with an industry that conducts itself professionally and ethically.

]]> By: Payday Loan http://www.pro-prop.net/2008/01/04/bond-originator-control/comment-page-1/#comment-62 Payday Loan Tue, 15 Jan 2008 09:02:04 +0000 http://www.pro-prop.net/2008/01/04/bond-originator-control/#comment-62 My boyfriend and I understand your intelligent conclusion concerned with Regulation of Bond Originators. Your paragraph will be really pragmatic in specie to my sister in Grand Saline ! My boyfriend and I understand your intelligent conclusion concerned with Regulation of Bond Originators. Your paragraph will be really pragmatic in specie to my sister in Grand Saline !

]]> By: John Masters http://www.pro-prop.net/2008/01/04/bond-originator-control/comment-page-1/#comment-43 John Masters Sun, 06 Jan 2008 05:35:08 +0000 http://www.pro-prop.net/2008/01/04/bond-originator-control/#comment-43 Interesting information thanks for writing Interesting information thanks for writing

]]>