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The mortgage process dragged on.
Lenders say the mortgage process is the same at any age.
It can take several months, however, for the mortgage process to be completed.
MILITARY veterans have long been accustomed to a relatively easy mortgage process.
Many buyers think the good-faith estimate is the cornerstone of the mortgage process.
And banks and lenders carried through that fraud to every level of the mortgage process.
"MERS plays an important role in building and sustaining confidence in the mortgage process," Lejarde said.
"Ocwen took advantage of borrowers at every stage of the (mortgage) process," Cordray said at the time.
Beyond the general difficulty of finding affordable property in Westchester, there are the mysteries of the mortgage process.
Lenders are required to disclose such relationships early in the mortgage process, in "good faith estimate" documents.
That is why, mortgage executives said, borrowers should be proactive about this part of the mortgage process.
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