Comment: Improved net worth requirements unfairly penalize financing correspondents, who are not guilty of servicing Label We fund
While you are loan correspondents are not signed up so you're able to provider FHA insured financing, they are doing gather particular up-top charge and you can/otherwise superior regarding consumers within the origination techniques
Of a lot commenters blogged that the majority of mortgage correspondents are quick businesses, who quickly deliver FHA financing packages so you're able to a loan provider (sponsor).