Preventing fraud is one way you can help your community right now. Here is the "LO Down" on Red Flags and your role in spotting them! There has been a significant rise in the number of identity theft cases in the last decade, and especially now as...
Read more →The LO Down: Red Flags Sommelier
Sometimes your company policies make a lot of sense, and sometimes they don't. Hopefully though your company's policies on Red Flags, SARS, and fraud aren't this unorthodox...
Read more →The LO Down on Changes of Circumstance
We've all been there. You say "Pre-Qualified", and the borrower hears "Qualified". Sometimes borrowers don't heed your advice, and well...
Read more →The LO Down on RESPA Violations
A thing of value under $25 is safe, right? Nope. Common misconception that has spread around the industry like wildfire. Any thing of value for a referral is potentially up to $10,000 in fines and/or a year in prison. Here is the CFPB's explanation...
Read more →The LO Down on Targeted Advertising
Keep it secret, keep it safe. Or not. You're probably better off just advertising compliantly so that you actually get more business. Watch this short video on some upcoming changes to the way Facebook is handling advertisements for the housing...
Read more →Renewals - The LO Down in 60
Details are everything when you're renewing your license. Enjoy your CE this year by following this link: www.knowledgecoop.com/lodownIssues that we face when trying to bank your CE hours:1. Name is spelled incorrectly when you sign up for CE2. NMLS...
Read more →The LO Sketch: When it's January 2nd and your LOS gets shut off
HMDA Collection - LO Down in 60
Collecting HMDA data correctly is very important. There are reporting implications involved but also proving loan data numbers is good for business! Do you still need your 2019 CE? Sign up for your classes here: www.knowledgecoop.com/lodown
Did...
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