mortgage brokers: You've GOT to be Kidding - 2006 Final Features - 12/31/06 08:29 AM
As we close out 2006 and get ready to start another great year I just wanted to feature 2 more posts.
First we have How About a Quick $50 by Rich Kruse that reports on how a thick-headed buyer's agent went a little overboard.
Sorry I didn't wright this up last week Rich, I know … (15 comments)
|
mortgage brokers: Why Me? - Two More Oddball Situations......... - 12/28/06 06:03 PM
Both of these crazy stories happened at a company I no longer work for - long ago and far, far away.
One day I'm checking on my files in the Processor's office - I had to do it myself because she was having her daily lunch with one of the owners - that … (12 comments)
|
mortgage brokers: It Came BACK! Oh, the Horror.... (or - More Help For New Mortgage Brokers) - 12/21/06 04:32 AM
A few weeks ago I wrote a post about some tips for new Mortgage Broker's and Loan Officers.
In it I talked about a guy who came into Internet Realty Brokers to pitch his mortgage company. He was exactly the type of salesman that makes me CRINGE!
Well, yesterday he came baaaaacccccckkkkk.
… (17 comments)
|
mortgage brokers: Quality of Pre-License Education- - 12/16/06 12:25 PM
Hello-
I haven't stirred up the pot in a few days, so let's go.....
I'd like to get opinions from the Members regarding the education they recieved before getting their Licences - Real Estate Sales, Broker, Mortgage Broker, etc.
This came up because someone mentioned to me that they thought that the State of … (80 comments)
|
mortgage brokers: The NEW Loan......... - 12/11/06 03:57 PM
While I was in the gym this morning-
(Better intro than - So I'm on line at the bank.....)
Someone came up to me and asked if I still did mortgages.
ME: Sure - what can I do for you?
HIM: I'm going to need a loan for a new house.
OK, have you found a place yet....?
… (41 comments)
|
mortgage brokers: State and National Mortgage Fraud Laws... - 12/08/06 03:01 PM
I just read a comment added to Jeff Corbet's blog: Warning! More Pornogarphic Mortgage Content!
Here's part of it:
"What needs to be done to curb this type of fraud is for the states and Washington to actually pass mortgage fraud specific laws. Georgia, if I am not mistaken, is the only state with a mortgage … (2 comments)
|
mortgage brokers: Some tips for Newbie Mortgage Brokers... - 12/01/06 10:39 AM
I was talking to a friend earlier this morning and we were laughing about the 'Good old days'.
(not too long ago really)
And we went over some of the things we wished we knew then - that we know are so important now.
I don't know about YOUR state but frankly, in some states, … (9 comments)
|
mortgage brokers: Time to Vent: Realtors - find Lenders you can trust and Lenders - let's work on weeding out the GARBAGE in our own ranks! - 11/30/06 01:10 PM
I can't believe what just happened....
A Broker friend of mine just lost a sale because the Buyer couldn't get financed - not the worst thing, but this all happened because the Pre-Approval was BS! The Buyer thought she really qualified for the loan.
We write about Pre-Quals and Pre-Approvals all the time - … (16 comments)
|
mortgage brokers: What is the 1 question that you DON'T want to ask your Mortgage Broker? - 11/28/06 08:53 AM
Now- before you get the wrong idea, you can and should ask your Real Estate Agent and your Mortgage Broker any and all questions you have - and if they don't seem to want to answer them and / or educate you, you MAY want to consider using someone else!! … (5 comments)
|
mortgage brokers: A Good Faith Esitmate is NOT an option! - 11/22/06 05:50 PM
Here's another favorite of mine - Mortgage Brokers and Loan Officers that don't give out REAL Good Faith Estimates (GFE's).
Here is the description of a GFE straight out of The US Department of Housing and Urban Development's publication HUD-398-H(4) - "Buying Your Home - Settlement Costs and Helpful Information":
The … (15 comments)
|
mortgage brokers: A few more terms that should raise a flag!! - 11/21/06 10:21 AM
A lot has been posted lately about words and/or phrases that Customers need to look out for.
Yael Warman's post from yesterday was great and it featured a long list of things that the NAR's Program for Compliance defines as "Dangerous". If you haven't already read it, you should.
Not only do we in the business … (36 comments)
|
mortgage brokers: Wonderful way to start off the morning! - 11/17/06 06:17 AM
I've only read two posts so far this morning and I'm shocked at some of the stuff I read!
The posts themselves were great - the stories were really horrible.
The fact that people in our business act like this make me sick. We've all written about it, hopefully working together on these … (12 comments)
|
mortgage brokers: More on the .Com 'Lenders' - 10/15/06 08:07 AM
I just finished reading George Souto's post about the .Com guys and all of the confusion that can result.
I got a knot in my stomach! Not from the article - it was very good - but from some bad memories.
In the past I had worked for a company that spent a TON … (3 comments)
|
mortgage brokers: Continuing the 'Finance Reality' trend - More on Good Faith Estimates. - 10/12/06 06:49 PM
Hello Everyone-
I've been on ActiveRain for about week now and one of the things I'm very happy about is the number of Mortgage Brokers that seem sincerely driven to educate and help Customers. Believe me - this isn't an ethics lecture! It is just Good Business!
You can't talk about being … (6 comments)
|
mortgage brokers: Pre-Qualification vs Pre-Approval - 10/11/06 03:26 PM
A Customer contacted me the other day and she was a bit annoyed that her Realtor wanted to see proof that she had, or could get, the money necessary for a purchase - THE NERVE!
Customer Reality Check: Quite a bit of effort goes into getting the property that you really want - No … (4 comments)
|
mortgage brokers: Dear Realtors - what do you think of this? - 10/11/06 01:58 PM
I'd been asking questions to local Realtors - face-to-face and on line - about what they want from the Financing side of the Real Estate world. I have gotten a lot of responses - good and bad!
So that you all know, this is how I like to operate:
I am NOT:
The doughnut delivery guyThe … (6 comments)
|
mortgage brokers: Real Estate and Financing working together?!?! - 10/10/06 04:38 PM
Can't we all just get along, sob,sob? Sorry, I couldn't resist!
Seriously though, I just read a post by Amy Grashel that talked about some issues she had in the past with Mortgage Brokers gumming up the process and, unfortunately, I have to say that I agree with her observations.
I've been a … (6 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
