March 19th, 2015 4:34 PM by Rose Tignor
Furthermore, legislation was enacted to ensure that consumers were paying origination only once on a single transaction. This can be confusing for consumers because even though new laws exist lenders are still not required to disclose any back end compensation or origination tied to the interest rate formerly known as “yield spread premium” (YSP) or “service release premium” (SRP). However, mortgage brokers are required to fully disclose any front-end AND back-end compensation.
Here at Allegiant Mortgage, LLC we are a full service broker. This means we have more than one set of programs or underwriters. We work with over 20 lenders giving us more lending power to help those who need it whether you're a low score borrower or in the market for a jumbo loan. Let us help you today!
Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.