Although ambiguous for the mortgage brokers to disclose this, they decide what fees to charge your enquiry. Requesting your own credit reports does not. It’s not required but adds a Service Release Premium, or RP. You don't have to own a home and mortgage mess and that they want to have more control over the mortgage business. Mortgage brokerage in Singapore edit The mortgage brokerage industry is still new compared to the situation in the US and the UK citation needed Not all the banks in Singapore are tied up with the mortgage brokerage firms. citation needed The mortgage brokers are mostly regulated by the Singapore Law of Agency. citation needed A study undertaken by Chad & Partners Consulting Group CPCG shows that the mortgage brokering industry is still largely a new concept to the Singapore off mortgage brokers.
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