Thanks for this post that brought the program to my attention.

As far as the bank goes they do not care what happens after the note is bought.

To be honest no one we showed the house to seemed to care. wow 8k for a waterline.. 

CAREFUL !!!

If the COC has a difference of 0.3% who cares?

@Zach WainWe also need to be careful what we wish for.

As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions. 

To be fair, I'm not saying the Midwest is a bad market but you have to be really careful where and what you buy. 

I haven't paid attention to them in years because there is nothing worth buying at them.

I would be careful when looking at discount PMs because if they aren't making money, they likely have terrible systems in place for management.