What complications are there when an insurance company attempts to begin originating mortgages?
January 4th, 2009 | by James |
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My friend owns a property and casualty agency..this agency wants to begin working with a bank (assosciated with NAMIC) to be the middle man and basically go find people who want to refinance and do all the paperwork and then have the bank handle the processing. My question deals with the inherent problems that this century-old insurance bank will have when dealing with mortgages, and for only 7 years now.
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My friend owns a property and casualty agency..this agency wants to begin working with a bank (assosciated with NAMIC) to be the middle man and basically go find people who want to refinance and do all the paperwork and then have the bank handle the processing. My question deals with the inherent problems that this century-old insurance bank will have when dealing with mortgages, and for only 7 years now.
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7 Responses to “What complications are there when an insurance company attempts to begin originating mortgages?”
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