The $500 Good Faith Estimate Guarantee for Loan Officers
When I originated loans in 2010, the new Good Faith Estimate [GFE] already made its way to the mortgage world. This 3 page document confused the shit out of 1000s of loan officers. In the beginning clients had no idea what the hell the GFE said. Coupled with already not trusting banks, a huge problem of deceit arose in many client’s minds. […]
