Mortgage Grapevine

Any LEGAL way to pay referral fee?

I know about all of the illegal ways, but I'm not interested in going down that road.
by barrett18k October 26, 2009 11:59 PM

If you do commercial loans, they are not subject to respa and do not fall under the same restrictions
by McC October 27, 2009 7:33 AM

Probably not. Can you explain a bit more?

by Encompass mama October 27, 2009 9:44 AM

Pay in Euros!
by BigHappy October 27, 2009 9:56 AM

Pay in tacos!
by Tux October 27, 2009 10:53 AM

Looks like my secret is out...
by BigHappy October 27, 2009 11:12 AM

Doesn't the law define an illegal referral fee as payment of a "thing of value"?

From what I hear Happy's Tacos are extremely valuable.


by BuySide October 27, 2009 11:13 AM

Depends on what state you're in. In California referral fees are a major source of income for Loan Officers and Realtors.


by SunKing October 27, 2009 11:13 AM

I give out a whole ream/bushel of tacos for any referrals over $45,000.
by BigHappy October 27, 2009 11:17 AM

You just can't find any good puffy tacos in California.


by 29Palms October 27, 2009 11:29 AM

"Fees:It's what's for dinner"
by BigHappy October 27, 2009 12:37 PM

Juan Pablo Montoya is going to be offended by all
this Taco talk... or not.


by Is that a joke? October 27, 2009 1:25 PM

I'd say not.

by Tux October 27, 2009 2:52 PM

Just pay 'em in cash and don't tell anyone.
by Marktinker21 October 27, 2009 4:32 PM

lead fees. I pay fees on every closed lead I buy based on amount. Lead seller mandates it.
by boundlessloans October 27, 2009 6:42 PM

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