MATRIX FINANCIAL SERVICES CORP. v. Frazer

*141Justice PLEICONES.

I respectfully dissent. I would affirm the master’s order equitably subrogating Matrix’s refinanced mortgage to its original mortgage, and would not impose the draconian remedy of denying equitable relief to lenders who “fail[ ... ]to have attorney supervision during the loan process as required by law.”

A. Equitable Subrogation

Equitable subrogation is a remedy favored by the courts, and it is to be liberally and expansively applied. So. Bank and Trust Co. v. Harrison Sales Co., Inc., 285 S.C. 50, 328 S.E.2d 66 (1985). The doctrine:

is founded on the fictional premise that an…