Same thing that would happen if you practiced law without a license, cut hair without a license, etc.

And as far as 'hair cuts'...

Try looking for a specific size and type of a metric screw and you'll tear your hair out since the drawers are usually either empty or filled with misplaced items.

That would cause the company to be fined and if could create some level of affirmative defense, especially with some of the new laws coming out, for the borrower.

That's why it's only available through approved lenders.I can see Realtors pulling their hair out.

It sounds like my concerns have been affirmed.

If you took $0 depreciation on your tax return that would be adequate records that the amount allowed was less than the amount allowable.I am splitting hairs, of course, and probably shouldn't on a RE forum.

Sorry, maybe you haven't read the Constitution.Amendment 4 - Protection from Unreasonable Searches and SeizuresThe right of the people to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures shall not be violated, and no warrants shall issue but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched and the persons or things to be seized.Amendment 14 - Rights of Citizenship (Ratified July 9, 1868)All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.

Long gone are the days where the consumer-facing LO is allowed to take a pay cut or pay raise on a per-deal basis, now it's mostly on what you can give us, that we can turn around and sell to management (as they are the folks taking the per-deal hair cut), that also isn't going to expose the firm to any potential gender/race/disability/etc based discrimination lawsuits or Dodd-Frank/CFPB fines. 

I love you @Joe Splitrock, @Jay Hinrichs Hinrichs, @Alexander Felice (but only because you have great hair), @John Hickey (because... well... she is simply always on my side no matter how weird I get.. and  she promised to feed me one day).