Last week, you wrote about Digital Mortgage Comparison Platforms. Your article was eye-opening. Thank you!
The article triggered a lot of feedback and concerns from our management. We advertise on one of these platforms. As the Compliance Officer, I put together a task team to determine which laws and regulations these platforms impact, especially with respect to the CFPB's advisory opinion.
I was hoping you would elaborate on how the comparison platforms can affect compliance with mortgage advertising, RESPA, and UDAAP. Maybe you can offer some scenarios.
How can comparison platforms cause mortgage advertising, RESPA, and UDAAP violations?
Also, what scenario involving a "warm handoff" can impact RESPA section 8?