Click on the title to link. This article says that mortgage shopping is getting "safer". Is that true? Well, maybe a little bit if you gauge "safe" as less junk fees. But for those of us who have always operated in an honest, trustworthy manner it is no different than before. Regulations are through the roof, which has actually made things worse for you, the borrower. But it has shored up scrupulous fees.
But keep this in mind, government regulation is not going to dictate that people serve you well. It completely ignores the fact that there are still a lot of people in this business who could not serve people to save their life. So is having a miserable process less likely now? No, because there are still people in this industry who do not care about you. They are in it to make a living.
Bottom line...be very careful to think that increased regulations means you are going to have a smooth experience. What ensures that? Working with people you know and trust, or at least working with a company that was highly recommend by those you know and trust. The only way for any company, including us, to ensure a smooth loan is with internal, defined systems. Anything short of that will only ensure either failure or mediocrity. That is not acceptable (at least not here).
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