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02-25-2017, 01:34 PM #11jotucker1983Guest
Well, a broker being "uneducated" is a problem all into itself, I was referring more to the fact that we don't do any background checks on who is recruited in. A guy could have been a complete crook in a prior life and nobody would know, because most funders/lenders hire anybody with a pulse without doing any background checks.
And a lot of these new guys (who are really brokers, submitting through some established funder/lender that didn't do a background check) are marketing to other guys to send them deals. Said guys will send the broker a deal, the broker funds it, and never pays a dime in commission to the man that sent the deal to him.
If the industry continues with a Wild Wild West approach, you will continue to get Wild Wild West results from time-to-time.
I never said they were.
Yes, this is one of the things I'm certainly saying . But the only way to do that Karen is to promote industry regulation, with some sort of centralized authority or regulatory board. But you don't like regulation lol.
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