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Anderson Mortgage Company has decided to outsource its loan processing activities to Total Processing, Inc. Pursuant to their agreement, Anderson pays Total $300 per file when the loan closes and nothing
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Anderson Mortgage Company has decided to outsource its loan processing activities to Total Processing, Inc. Pursuant to their agreement, Anderson pays Total $300 per file when the loan closes and nothing for files that do not close. Is this a violation of RESPA?

User Muhammad Kashif
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Answer: No, it is not a violation of RESPA

Step-by-step explanation:

No, the scenario in this question is not a violation of the RESPA conduct because there is no penalization if an organization pays an individual for the services performed. The RESPA violations of bribery, referrals, and the fee splitting proscription are therefore subject to the severe penalties which further includes fines and imprisonment.

User Milad Ahmadi
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