The CFPB vs Zillow's CoMarketing Program for Agents and Lenders
Channel: Loan Officer Insider Weekly
Date: 09/06/2017

RESPA, or the Real Estate Settlement Procedures Act, passed by Congress in 1974 to make sure those providers weren’t funneling customers to each other in exchange for kickbacks or other inappropriate rewards. The CFPB is investigating Zillow’s “co-marketing” plan. This is a plan that allows a real estate agent to share the cost of an ad on the Zillow website with a preferred lender. 

Iron Point Mortgage is a home loan lender in beautiful Folsom, CA servicing the tri county area of Sacramento, Placer and El Dorado. We offer several loan products including FHA Loan, VA Loan, USDA, Conventional, and Jumbo.

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Kevin Fritz
MLO #220254
Iron Point Mortgage
916-985-3200
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