For many years I have railed against companies that provide the one-size-fits-all policies. There are all sorts of deals out there, and it is caveat emptor ("let the buyer beware") all the way!
I have an old friend who is a high-level regulator. He tells me that his field examiners keep track of policies that are the same from shop to shop but have different company names stated on the policies.
My term for these policy vendors is Mortgage Policy Mills. And, yes, some companies give out policies as a shill to get the buyer into becoming a client of their other services. Their templated policies are known to regulators, and it's not a good look.
From the regulator's point of view, when they see the same policy in your shop that they already saw at another shop, it makes them think that you are not serious about implementing the policy guidelines. In some cases, it makes the regulator test to see if you are doing what your policy says you are doing. It is not a smart idea to go in that direction.
Yes, we have a SAFE Act policy. There are no strings attached. And it is affordable. But the most important thing is that we work with you to ensure it conforms to your business model. Just contact us HERE, and we'll be in touch.
Now to provide some SAFE Act policy guidelines for you!