licensedoriginator: NEW DESIGNATION for MORTGAGE ORIGINATORS - 05/23/11 06:31 AM
The National Registry of Licensed Mortgage Originators LLC has issued a new designation for mortgage originators.  The new designation is LO5℠.  The mission of the National Registry of Licensed Mortgage Originators LLC, NRLMO, is to provide an easily recognized designation that consumers, REALTORS® and others can use to help make sure their mortgage originator is ethical, experienced and has a valid State recognized mortgage license.
Most consumers assume their mortgage originator has a license.  Many REALTORS® assume the originator they refer their clients to for a mortgage has a license but this is not always true.  Not all mortgage originators are … (2 comments)

licensedoriginator: REALTORS DON’T WANT BAGELS. THEY WANT CLOSED LOANS. - 05/08/11 09:20 AM
Realtors don't want bagels. They want closed loans. I heard this statement at a recent sales meeting and it struck me how true it is. My industry, the mortgage industry, and the Real Estate industry can't survive without each other. The vast majority of home buyers need a mortgage.
Loans today are more complicated than ever. Regulations change so often that guidelines at times are like hitting a moving target. REALTORS always ask their homebuyers to be pre-qualified. One reason you do this is so you don't spend a lot of time with someone who can't get a mortgage. REALTORS should … (5 comments)