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Home » Store » Taxable » Some Lenders Not Pleased by Changes to Loan Prospector

Some Lenders Not Pleased by Changes to Loan Prospector

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Some mortgage lenders are not pleased by Freddie Mac’s decision to allow brokers to submit loans to LP before shopping them to specific wholesalers, cautioning that wholesalers perform important gatekeeper functions that would be imperiled by the new approach. Traditionally, lenders got first crack at reviewing loan quality and deciding whether they should do the loan, said Steve O’Connor, vice president of government relations at the
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