What complications are there when an insurance company attempts to begin originating mortgages?

Posted by James on January 4, 2009 in Home Loans | ∞

blipblip1234

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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Tags: Insurance Company, Mortgages