CHLA Asks CFPB to Require Disclosures of Mortgage Originator Qualifications – HousingWire 4/30/15

Want consumers to know who has the credentials

 
April 30, 2015
by  Trey Garrison
 
From today’s Housing Wire:  “The Community Home Lenders Association is asking Consumer Financial Protection Bureau Director Richard Cordray to require consumer disclosures on each and every mortgage loan that indicate whether the mortgage loan originator working with the consumer on that loan is licensed, has passed the SAFE Act test, has completed an independent background check, and SAFE Act approved pre-licensing and continuing education courses.”
 
Link to full article.