Are loan officers allowed to accept gifts from clients?
I'd like to give my loan officer a gift card, he sacrificed a lot of his commission to get my closing costs down. He has done a great job, I've already fired another loan officer and realtor in my home buying process, so I want to give him a gift to show my appreciation, I'm hard on people who don't give 100% and I show great appreciation to people who do. I live in Oregon, is it appropriate in that state, I don't know how to find out.
Asked By: Rachel P - 6/12/2008
Best Answer - Chosen by Asker
depending on the state u r in and the company the officer works for this may be illegal, be careful, and keep it between the two of you, it is a great gesture and i am sure it will be appreciated. descretion is adviseable here u certainly dont want to cause the loan officer a problem.
Answered By: donald e - 6/12/2008
Additional Answers (2)
A gift card is fine, but you may want to give it to him in person if it is possible.
Answered By: Biggie @ Arbor Mortgage - 6/12/2008
Donald is correct, definately use discression when and if doing this. some states frown upon this
Answered By: Jeromy W - 6/12/2008
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