Learn more: https://scottgriffin.com/blog/ We’ve been trained to shop for the best interest rates and the best terms, but what if we could get a written guarantee that the ones we’re getting are the lender’s very best? Well, that’s what the recently passed Anti-Steering Safe Harbor Law does: It requires your brokerage to write you a […]

Learn more: https://scottgriffin.com/blog/ In the past, the lending world wasn’t always transparent. Before the mortgage meltdown we saw last decade, many loan officers recommended loans simply because their commission splits were higher. They didn’t have the best interests of their clients at heart, but the Dodd-Frank Act changed all of that. These days, lenders are […]

Learn more: https://scottgriffin.com/blog/ In part three of our series focusing on what has changed since the mortgage meltdown, we’re talking about loan adjustments. Specifically, how the Dodd-Frank Act ensured that consumers would be protected against loan adjustments during the mortgage process. In the past, lenders were required to give buyers a good-faith estimate, but these […]

Learn more: https://scottgriffin.com/blog/ In part two of our series focusing on what has changed since the mortgage meltdown, we’re talking about the Dodd-Frank Act. Specifically, we’re talking about an extremely strong federal agency called the CFPB that was created through the Dodd-Frank Act. The Consumer Finance Protection Bureau is essentially the police force of lending. […]

Learn more: https://scottgriffin.com/blog/ Welcome to my new seven-part video series titled “What Changed After the Mortgage Meltdown.” For the first installment, we’ll discuss the National Mortgage Licensing System (or the NMLS). What is it and why is it important? Following the mortgage crisis, the industry needed a better way to protect consumers as well as […]