Posted on: 20th Oct, 2009 08:46 am
Does the FHA and USDA have eligibility requirements for mortgage brokers, to insure their knowledge and fair business practices.
While I can't say for certain, I'd be very surprised if there wasn't some dort of legal or technical certification process you need to go through before you can be considered a broker.
There will always be people that call themselves brokers without having any official training or qualifications, and as always it's up to the customer to check someones credentials before trusting their opinions, but if they are a legit broker they would almost certainly need to be part of a coproate body or subject to a regulatory authourity of some kind.
There will always be people that call themselves brokers without having any official training or qualifications, and as always it's up to the customer to check someones credentials before trusting their opinions, but if they are a legit broker they would almost certainly need to be part of a coproate body or subject to a regulatory authourity of some kind.