Tag: credit-unions
Banker, Broker, Consumer Lender or Credit Union? Part 4
Part 4: Credit Unions
Credit Unions are structured differently than banks, mortgage companies, or consumer finance companies. A credit union is structured as a non-profit, or as a for-profit, with a purpose of returning profits to its members in the form of dividends paid on savings, or reduced interest rates on loans. Credit unions are run [...]
Posted: July 26th, 2007 under General Real Estate.
Tags: community-reinvestment-act, credit-unions, lending-institutions, mortgage-lenders
Comments: 7
Licensed to Loan
This New Year brought significant changes to the mortgage industry. Loan Originators who provide residential loans in Washington State are now required to be licensed. This legislature applies primarily to Mortgage Brokers and not LOs who are employed by banks or credit unions. As I am employed by a Mortgage Broker (technically, we [...]
Posted: January 12th, 2007 under General Real Estate.
Tags: banks, credit-unions, dfi, law, lenders, licensee, loan-officer, loan-originator, Mortgage and Lending, mortgage-broker, Washington
Comments: 27
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