Clean Up Real Estate.org

The CURE Process

Clean Up Real Estate (CURE) is never the broker, or the borrower in a home loan transaction. CURE is a neutral third party, acting as an oversight agency to ensure that the broker advocates for and ultimately ensures the borrower’s interests in a home loan transaction.

CURE Certification is a seal of approval, stating that CURE has reviewed all of the necessary documentation, and is verifying that a given home loan has met all CURE standards and guidelines. With CURE Certification, a borrower can be sure that they have gotten a home loan through their broker that actually matches their needs and financial capabilities accurately.

The CURE loan registry gives borrowers and loan officers a space where they can fill out simple forms, upload documents, and provide the needed documentation to complete a CURE Certification.

Each loan is entered into the registry with a CURE Certification Request. The process begins when either a borrower or a loan officer requests a CURE Certification, through a simple web-form. At this time, the borrower has an opportunity to assign their own loan officer to this Certification Request or they may ask to be paired with a CURE broker network broker. If a loan officer is originating the Certification Request, they enter the borrower’s email address to associate the Certification Request with the borrower.

Email is sent to the borrower and the lender, telling them about the new entry in the loan registry and telling them about what actions they need to take next.

Ultimately, a borrower will fill out their profile information and a borrower statement declaring that they want their home loan CURE Certified. They may also fill out a CURE broker network contact request as well as optional loan details to help match them the right broker and loan programs to suit their needs.

In order to CURE Certify a loan, a broker must first sign the CURE broker contract, and the CURE Broker Statement of Intent for the specific loan in question. These documents together, require the Broker to consent to truly FULL disclosure, tight commission controls, and CURE oversight of the loan process for each loan that broker submits to the CURE loan registry.

Once the broker and borrower have agreed to CURE Certification requirements, the broker is required to upload loan documents. They must upload the Good Faith Estimate for the borrower’s chosen loan to the CURE site. When the loan has closed, they must upload the HUD1 for CURE to compare with the good faith estimate.

Comparison of these two documents will reveal to the CURE agent whether the terms of the loan were honored in the final loan, resulting in approval or denial of CURE certification. Both parties will be notified of the decision.

Should a loan fail to become certified, CURE can help the borrower find a broker in our broker network, who can offer them a loan that will meet CURE Certification standards.

CURE Certification is FREE to the consumer and will enable borrowers to securely shop for and engage in home loan transactions while allowing brokers to assure their clients of their ethical conduct. CURE Certification can act as a tool for borrowers trying to decide between brokers. Choosing a broker who will CURE Certify a loan guarantees that the borrower gets the loan they were promised.