Real Estate & Mortgages in Florida
That failure allowed people convicted in other states and in federal court , to peddle loans in Florida without any scrutiny. Regulators allowed at least 20 brokers to keep their licenses even after committing the one crime that seemed sure to get them banned from the industry, mortgage fraud.
From 2000 to 2007, regulators allowed at least 10,529 people with criminal records to work in the mortgage profession. Of those, 4,065 cleared background checks after committing crimes that state law specifically requires regulators to screen, including fraud, bank robbery, racketeering and extortion. More than half the people who wrote mortgages in Florida during that period were not subject to any criminal background check.
Despite repeated pleas from industry leaders to screen them, Florida regulators have refused. Confronted with a growing epidemic of mortgage fraud ,Florida now has the highest rate in the nation the number of license revocations declined over the last five years, leaving borrowers at the mercy of predatory brokers. During the peak of the housing boom, the Office of Financial Regulation ignored a state law enacted in 2006 that compelled it to perform nationwide criminal background checks on applicants
You could launch into a flawless debate on who else is responsible. However, I suggest a more productive effort--build a strategy. Create a Trust Strategy.Put your customer at the center of your business. Steps into your client's experience and emotions, distrust, fear, ignorance, vulnerable, uncertain. Then design a process that systematically wipes out each of those fears
From 2000 to 2007, regulators allowed at least 10,529 people with criminal records to work in the mortgage profession. Of those, 4,065 cleared background checks after committing crimes that state law specifically requires regulators to screen, including fraud, bank robbery, racketeering and extortion. More than half the people who wrote mortgages in Florida during that period were not subject to any criminal background check.
Despite repeated pleas from industry leaders to screen them, Florida regulators have refused. Confronted with a growing epidemic of mortgage fraud ,Florida now has the highest rate in the nation the number of license revocations declined over the last five years, leaving borrowers at the mercy of predatory brokers. During the peak of the housing boom, the Office of Financial Regulation ignored a state law enacted in 2006 that compelled it to perform nationwide criminal background checks on applicants. That failure allowed people convicted in other states and in federal court , to peddle loans in Florida without any scrutiny. Regulators allowed at least 20 brokers to keep their licenses even after committing the one crime that seemed sure to get them banned from the industry, mortgage fraud.
That failure allowed people convicted in other states and in federal court , to peddle loans in Florida without any scrutiny. Regulators allowed at least 20 brokers to keep their licenses even after committing the one crime that seemed sure to get them banned from the industry, mortgage fraud.
From 2000 to 2007, regulators allowed at least 10,529 people with criminal records to work in the mortgage profession. Of those, 4,065 cleared background checks after committing crimes that state law specifically requires regulators to screen, including fraud, bank robbery, racketeering and extortion. More than half the people who wrote mortgages in Florida during that period were not subject to any criminal background check.
Despite repeated pleas from industry leaders to screen them, Florida regulators have refused. Confronted with a growing epidemic of mortgage fraud ,Florida now has the highest rate in the nation the number of license revocations declined over the last five years, leaving borrowers at the mercy of predatory brokers. During the peak of the housing boom, the Office of Financial Regulation ignored a state law enacted in 2006 that compelled it to perform nationwide criminal background checks on applicants
You could launch into a flawless debate on who else is responsible. However, I suggest a more productive effort--build a strategy. Create a Trust Strategy.Put your customer at the center of your business. Steps into your client's experience and emotions, distrust, fear, ignorance, vulnerable, uncertain. Then design a process that systematically wipes out each of those fears
From 2000 to 2007, regulators allowed at least 10,529 people with criminal records to work in the mortgage profession. Of those, 4,065 cleared background checks after committing crimes that state law specifically requires regulators to screen, including fraud, bank robbery, racketeering and extortion. More than half the people who wrote mortgages in Florida during that period were not subject to any criminal background check.
Despite repeated pleas from industry leaders to screen them, Florida regulators have refused. Confronted with a growing epidemic of mortgage fraud ,Florida now has the highest rate in the nation the number of license revocations declined over the last five years, leaving borrowers at the mercy of predatory brokers. During the peak of the housing boom, the Office of Financial Regulation ignored a state law enacted in 2006 that compelled it to perform nationwide criminal background checks on applicants. That failure allowed people convicted in other states and in federal court , to peddle loans in Florida without any scrutiny. Regulators allowed at least 20 brokers to keep their licenses even after committing the one crime that seemed sure to get them banned from the industry, mortgage fraud.
