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mortgage loan officers: Loan Approval letters - Mortgage Broker vs. Funding Lender - 09/10/11 01:51 PM
Over the last few years I have caught heat from mortgage brokers who disagree with my opinion in regards to why it is better to work with funding lenders over mortgage brokers.  I have also gotten a far larger number of responses from real estate agents who from their experiences, agree completely.
In CE classes I teach for real estate agents, I use the following example to differentiate between loan approval letters from brokers and funding lenders.
Mr. & Mrs. Buyer are looking to purchase a home with a $500,000 mortgage.  With my recommendation they contact a loan officer at a … (21 comments)

mortgage loan officers: Loan Officers Need an Education - 02/16/10 07:15 PM
We all know that the lending industry is going through major changes.  The Federal government has stepped up and determined that states either have minimum licensing laws or create them for mortgage brokers.  If they don't, the Feds will step in for them.   This is known as the SAFE Mortgage License ACT.
The SAFE Act does several things as far as tightening up mortgage brokers and their interaction with the public.  In Hawaii this badly needed proposed licensing requirement for mortgage brokers includes education, testing and continuing education.  These requirements are already in place for real estate and insurance agents.  It … (59 comments)

 
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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Mililani, HI

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Century 21 Liberty Homes

Address: 95-221 Kipapa Dr., E3, Mililani, HI, 96789

Cell Phone: (808) 384-5645

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