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Posted by  ReneeK_MI on 8/29/08 4:50am
I can easily see how verification of identity is just one small step ahead of the curve. Wherever there are groups involved in any kind of lending 'reform', there are discussions about the vendors & service providers being more scrutinized. IMHO, the day we're all required across the board to be BGC'd isn't far away, and it's a day I welcome.
THE ONE STEP FURTHER that I believe would bring much stronger credibility to the ID verification would be to require a photograph of the person to be published in their profile. WITHOUT THAT - verify all you want, but it really doesn't hold much credibility because it does NOT prevent anyone from sending their wife's best friend to the closing instead. It doesn't prevent SS's (and pseudo-SS's or opportunistic SA's) from presenting THEMSELVES as an independent agent, and then brokering out the assignments, either.
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