Underwriting

Underwriting: Reform Brings Consequences for Originators 

I was somewhat taken aback by a comment made by a mortgage professional during a recent holiday gathering. In essence, they said, “Besides, now that we are all TPOs, it is all the lenders’ responsibility and problem – they will tell us what to do, we just originate and process …” My reaction was a nervous thought: How many other mortgage professionals feel similarly? Have we gotten to a point where our ability to participate and perform in an industry has been so conflicted by change that – somewhat in desperation – the production force has embraced a mindless approach