Don’t let a “thank you” get your mortgage lenders in trouble
Thank you. It’s one of the most valuable sentiments in any language, but it’s particularly important in the business world. Now, we all like to express our appreciation or gratitude to the people that we work for and with. However, in the business world, oftentimes a thank you comes accompanied with a gift, lunch or some other trinket or token of appreciation.
If you work in the mortgage lending arena, you know that a well-intended thank you gift can get you into a lot of trouble when it comes to RESPA Section 8.
Listen to the video as Kevin explains more.
On June 4, 2019, we hope you will join us for our RESPA Section 8 webinar where we will break it down put it into plain English. We’re going to talk about referral fees, unearned fees, things of value and more. We’ll even give you a few real-world scenarios to shed some light on what you can do and what you can’t do. See you then!
Published
2019/05/31
Kevin Edwards
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).