Are you keeping your clients S.A.F.E?

Does it Make You Cringe?

Your buyer mentions that they have found a "DEAL" with an online, newly named, Mortgage Loan Originator (MLO),who has offered unbeatable rates.

How do you guide them to verify that what sounds too good to be true, just might be?

The S.A.F.E Act is something we've heard about, but how many of us know its content and how to use this resource to protect our clients?

ALL MLOs must be registered with the Nationwide Mortgage Licensing System (NMLS) by July 31, 2010.
Anyone can go to the websites (http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx or
http://www.hud.gov/offices/hsg/ramh/safe/smlicact.cfm) to verify that an MLO is registered and operating within the required guidelines of the S.A.F.E Act.

Pass this information on to reinforce your professionalism and concern for your clients!

Joan Rogliano has been practicing real estate for 25 years. She is a Certified Luxury Home Marketing Specialist and a Certified Real Estate Divorce Specialist.