We need to disclose to you we are not attorneys. This is not legal advice. We are not qualified in any way to advise you on this, or anything legal. Rather, we are passing along advice we received from our RESPA attorney to you. Of course, it’s best you always contact an attorney before you do anything in business since all business decisions have legal risk.
Good news! We finally did it.We completed the very expensive 3rd party valuation process to officially include your lender in your marketing.
You are now able to ask your lender, with minimal risk, to participate in your videos with you. We have all the documentation, compliance guidance, and more to get it done.
All this work is included in your fee.
There’s not much you have to do.
In short, you’ll record a 5 minute Zoom interview with your lender on “What You Must Know Before You Get a Mortgage” and include the interview in your videos.
We will facilitate the Zoom interview with you and your lender.
The interview is then included with all the promotion we already do for you.
You’ll also ask your lender to join you on one strategy call a month with us.
Your lender will pay us about 1/2 of your fee, and we’ll cut your fee by about 1/2.
There are many details of this arrangement you must know to prevent yourself from getting tangled up in a CFPB investigation.
Watch the video above and I’ll share with you what our attorney advised us on so you can accept lender sponsor money with confidence.