Fiduciary responsibility is much more than just a "technical" difference.
It's a legal and moral obligation...
Ameriquest -Proud Sponsors Pirates of the American Dream
....neither of which applied to Roland Arnal's Sub-prime pirate armada where...
...mortgage fraud, drugs, sex, and money, money, and more money. My friend and manager handed out crystal methamphetamine to loan officers in a bid to keep them up and at work longer hours. At any given moment inside the restrooms - cocaine and meth was being snorted by my estimates more than a third of the staff, and more than half the staff manipulating documents to get loans to fund and more then 75% just completely made falses tatements on 1003s regarding stated income etc to get loans funded. A typical welcome aboard gift was a pair of scissors, tape, and white out, three things a loan officer or financial professional should never need.. Of course no where in training OR in management training did this 20 year old ever learn that false statements on a 1003 were a federal offense....
http://www.freerepublic.com/focus/news/2184646/posts?page=8#8
“Fiduciary responsibility is much more than just a “technical” difference.”
Both mortgage companies and banks have a fiduciary responsibility defined by law.