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Dear Monty: Are referral fees in real estate ethical? – It is legal for your old agent’s broker to share commissions with any real estate broker. Individual real estate companies, online mortgage lenders and a large variety of "Find an agent" companies.
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Mortgage broker Mark Booty guilty of fraud, stealing – A MORTGAGE broker has been convicted of fleecing $1.2 million from seven clients to pay off debts and credit card bills. A WEST Australian mortgage broker has been convicted of fleecing $1.2 million.
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker.
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Prostaff Mortgage Corp. is an independent mortgage brokerage in Phoenix with an in-house processing team to streamline the loan process and has more than a decade of experience. The company’s president, Cal Carlson, is a member of the Arizona Association of Mortgage Brokers and the National Association of Mortgage Brokers.