Talk:Mortgage broker

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[edit] NPOV issue

The text reads as a promo of mortgage brokers, rather than a neutral encyclopedic article. mikka (t) 00:53, 18 October 2005 (UTC)

I agree completely. I tried to add a "grain of salt" by addressing mortgage fraud and other forms of predatory practices.Piercetp 18:38, 19 November 2006 (UTC)

[edit] Attempts at improving the article

I took a stab at reorganizing the page and removing some of the POV.Exshpos 23:45, 28 October 2005 (UTC)

[edit] USA-centric

I have no idea whether mortgage brokers exist in other countries or how they are called there and what their functions are.

The article must clearly split the universal and national-specific aspects. Right now I am putting almost everything in the USA basket. Please pull the common denominatior on top. mikka (t) 20:50, 11 November 2005 (UTC)

Actually, the laws for mortgage brokerage are different from one jurisdiction to another. I will put a section for Canada divided into provinces, as the rules are different from province to province.--Exshpos 18:03, 22 November 2005 (UTC)

[edit] Whoever is putting in that ridiculous item...

And this is not an advertising space! External links should point to professional associations and not individual brokerage firms!--Exshpos 18:03, 22 November 2005 (UTC)

Take your personal opinions elsewhere.

Tried gramatically/stylistically improving the article, don't know much about mortgage brokers, but tried to make the article flow better.--Whatthree16 06:50, 8 December 2005 (UTC)

[edit] Irrelevant Rubbish

I removed the following section which is not dirrectly relevant to mortgage brokerage and is badly written:

    === The majority of lenders act as brokers ===
    A lender is usually a savings bank, commercial bank, or mortgage banker with the legal right to fund a mortgage loan. They 
    must demonstrate a minimum credit line sufficient to fund mortgage loans until those are sold to a large servicer. Few fund
    loans permanently. You should inquire about the rate of loans transferred and to where, before applying for a mortgage with 
    a particular lender. In New York it is required that lenders who are licenced to make a loan (but intend to sell it) disclose
    to clients the percentage of loans sold in prior years. It may state that the amount is between 75% and 100% or it may be less.

[edit] I added a citation needed

For the phrase "a great number of consumers are now seeking out the services of Certified Mortgage Planners". I cannot speak for others, but I had not even heard the term before encountering it in this article, so I wonder at how great that number would be. CodeCarpenter 21:37, 5 January 2007 (UTC)

UPDATE: After seeing multiple bits of information lacking a citation, including some that disagree with each other, I am giving this article a general unreferenced tag until someone with source information can clean it up. CodeCarpenter 22:05, 5 January 2007 (UTC)

[edit] Possible external link...

I'm looking to add a link pertinent to an association that enforces mortgage individuals fulfilling their licensing requirements to truly be legit brokers. The National Association of Mortgage Professionals is the first organization to proactively mandate its members to adhere to state requirements as a prerequisite to membership. Their link is http://www.namp.org —The preceding unsigned comment was added by Albertnamporg (talk • contribs) 17:13, 5 April 2007 (UTC).

Their page looks like an advertisement for membership. It will likely be removed as this page gets hit by spam extremely often, and that page is not compelling - if it smells like spam, it probably is. There are many associations, and difficult for the anti-spam brigade to judge which are "better." My suggestion is link to compelling content - if this organisation has content, it will be obvious.--Gregalton 17:23, 5 April 2007 (UTC)