Written By: Gordon Schlicke
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In his long career, Gordon has held almost every job in the mortgage business, including a loan originator, branch manager, regional manager, vice president of loan production and manager of training and development. These positions have helped Gordon gain insight into many aspects of the business and most of his humor is based on his life experiences in the mortgage business. You can email Gordon at gschlicke@aol.com
Gordon will be the featured dinner speaker (Saturday night) at the 4TH Annual Turn On Your Million Dollar Brain mortgage workshop, being held in Delray Beach, Florida, February 4-7, 2004.
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Some folks in government are so concerned about protecting personal privacy that they made us disclose our policy when handling private information.
A different group of folks on the other side of the same building now insist we get more personal by delving into our borrower's ethnicity. (See the revised 1003 dated 1/04.) These folks don't talk to each other because they all eat at a different government cafeteria.
I'm not against giving information that will help us do a better job, mind you, but I'll bet my Captain Midnight Secret Decoder Ring that when this information is put in a government computer, it is going to prove beyond doubt, that lenders are failing to check as many ethic possibilities as are likely.
Since the instructions are far from clear, as a public service, I looked up the definition of ethnicity in Webster's New World Dictionary and I quote: (1) Nations or groups neither Christian nor Jewish; heathens. (2) Designating any of the basic groups or divisions of mankind or of a heterogeneous population, as distinguished by customs, characteristics, language, common history, etc.
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