Thursday, September 24, 2009 5:14:43 PM
As I see it, they've put this new entity into place not so much as a profit center, but as a way to get a higher percentage of their loan originations approved. (it will be interesting when they finally do report earnings/expenses for the credit-fix arm)
Where some other typical broker/lender might kick a bad credit score out to the curb, Expert will take them by the hand and lead them out of the woods, into a successful home purchase (for a fee of course).
Give a man a fire, and he is warm for the rest of the day;
set a man on fire, and he is warm for the rest of his life. ~ Pritchard
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