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The primary thing that needs to be done is to have compliance people who review files for adherance to all state and federal regulations. Quality control is essential in each company or even for the self employed sole proprietor. Again, there are disclosures (dozens of them) that are signed by borrowers at loan application and then again at closing. Some issues are disclosed on several different forms saying the same thing. Borrowers have understand the loan and demand that their loan broker or bank expalin it to them and if they don't they should not do business there. New regulation would just be redundant.
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