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The law, which was spurred by the trade association Insurance Agents & Brokers, prohibits mortgage lenders from requiring borrowers to insure their property in excess of the value of structures on the.
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Mortgage brokers directly or indirectly negotiate or place mortgage loans for others in the primary market for consideration. mortgage loan correspondents directly or indirectly originate and close mortgage loans in their own names utilizing funds provided by a wholesale table funder or other funding source and simultaneously assign the loans.
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Due to scheduled system maintenance and the Labor Day holiday, the Agency’s offices will be closed on Friday, August 30th and Monday, September 2nd.
Belco Community Credit Union is your trusted partner for mortgage lending. Visit our Mortgage Center to view current rates, or contact us at 888-712-1811.