RESPA Updates

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, How does RESPA define and find “sham employees”? The RESPA police are responding to this problem, and some employees don’t even know they violating the law. View the […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, When is a business arrangement considered a “sham”? Under RESPA, it’s an affiliation established with the sole purpose of referring business and funneling fees. View the RESPANewsUpdate.com video here. […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, Who do the “RESPA Police” look for? Who does RESPA cover? If you’re in a position to refer settlement services, this will be of interest to you. View […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question concerns co-marketing or sponsoring ads on websites and RESPA classes. When is it okay to advertise on a website? How can a company sponsor a class and be […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. Ever wonder why RESPA was created in the first place? Dr. Lacefield explains the need for these regulations. View the RESPANewsUpdate.com video here. This educational video and the RESPANewsUpdate.com website were […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question concerns giving awards to clients and partners. How can such a nice gesture get you in hot water with the RESPA police? View the RESPANewsUpdate.com video here. This educational […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Can you ever give something of value as a reward for referring business? Dr. Lacefield provides a reminder that RESPA prohibits service providers from giving anything of […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, When it comes to advertising, what can be considered a violation? Dr. Lacefield discusses the problems with co-marketing, particularly when a vendor’s investment isn’t equal to their […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Isn’t it okay for a real estate agent to originate a conventional loan? Not if a Hud loan would have better served the borrowers and they were […]

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Can a real estate agent also serve as the loan originator on a HUD loan? In a word, “No.” Dr. Lacefield explains why HUD doesn’t allow […]