When you take aside a mortgage, auto loan, or any other form of equity financing, you might be contractually forced to conform to the prerequisites. After you signal brand new files, they might be delivered to a third-class provider rented from the bank to trace its mortgage portfolios. You do not discover two things regarding your mortgage.

• Borrowers are not clients – lenders is actually, and you will equity loans was basically little more than commodities, that have development quotas and value-per-financing maintenance agreements trumping the needs of the fresh new borrower. Continue reading →