Mortgage industry professionals across the United States are debating important regulatory issues related to the Joint Venture (JV) business model, an innovative strategy for reducing acquisition costs and streamlining the real estate purchasing process.
Opponents of the JV model strongly believe that it is detrimental to consumers, seeing it as a practice that results in lower quality of service, and buyers paying higher costs than they otherwise would have. Supporters stand firm in their conviction that the model creates a better overall experience for the buyer.
Key points:
– Debate on Joint Venture Business Model in Mortgage industry
-Opponents: Harms consumers, lower quality of service
-Supporters: Better overall experience for buyer
– Regulation for JV model being considered in U.S.
– Look at next frontier of industry regulation
You can read this full article at: https://www.housingwire.com/articles/joint-ventures-between-title-firms-and-real-estate-companies-are-under-the-microscope/(subscription required)
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