loan officers: READ THIS NOW!! 5 Secrets to Exploding Your Marketing Efforts..... - 12/08/07 01:53 PM
Well if you're reading this then I may be on to something here. Here are 5 Secrets to help you Explode your marketing efforts!
1. Solve a problem: At any given time we all have hundreds of thousands of things going through our minds. Many times without our conscious mind knowing … (3 comments)
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loan officers: Partnering for Profit: How to Increase Your Annual Income! - 12/08/07 01:40 PM
As a loan officer, one of major ways I've learned to position myself in the industry is by the law of reciprocity. It's a really great feeling to call a Realtor with whom you would like to establish a relationship with and be able to introduce yourself with a new client … (2 comments)
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loan officers: Want Your Own Free Radio Show? - 12/07/07 09:34 AM
It's so great to surround yourself with individuals who are helping to sharpen the saw. A good friend of mine emailed me a couple of weeks ago and sent me a link inviting me to listen in to her own personal radio show. As I prepared to listen to it … (6 comments)
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loan officers: Another solution to the Mortgage and REO crisis - 12/06/07 04:47 PM
We can test, certify and legislate loan officers and lenders but the real answer is to reconnect cause and effect.When I joined the mortgage industry 20 years ago - before the onset of Mortgage Backed Securities - mortgages were funded as part of a company's investment strategy. The title Loan Officer … (3 comments)
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loan officers: Quick, Easy, Cost Effective Cont. Ed Process IL, LO's - 12/05/07 11:32 AM
Hello all,
I thought I would share with the group a fast, easy, cost effective cont. ed program I just finished online a couple of weeks ago. http://www.instituteonline.com/ $59 for 6 hours of continuing ed. Only took me about 20 minutes online. They send the certification via email or fax and … (3 comments)
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loan officers: Kick 'Em While They're Down! - 12/04/07 12:54 PM
With all the bad press these days about the market, I thought I would share a quick, yet inspiring story with you and offer another valuable marketing approach.
So, I receive a call from a prospective client last week on Tuesday who wanted to buy a house by Friday. She … (2 comments)
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loan officers: Why Why Why ........... - 12/02/07 04:28 AM
… (2 comments)
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loan officers: My 1st Client as a Result of Active Rain - 11/30/07 04:36 PM
For all of those who don't believe that active rain works, I am here to tell you that it does. It only takes a few moments to share information with the group and the rest of the world via the world wide web, for that matter. I received a call … (6 comments)
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loan officers: Hope maybe in sight for clients with ARM's due to reset! - 11/30/07 04:28 PM
An article I read today, stated that lenders are currently discussing a new program that would allow current borrower's to freeze their ARM's due to high rates of foreclosure. The Initiative is called HOPE NOW. Some of the participating banks include Bank of America, Citigroup, Inc, Countrywide Financial Corp., Fannie … (1 comments)
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loan officers: Bad Credit? I Dare You! - 11/29/07 11:00 PM
I've learned in my years of experience as a Mortgage Broker, that there are typically two things that hinder people from buying a home, lack of fiscal management (BAD CREDIT) and lack of fiscal management (High DTI). So, if there was a way to help individuals who really wanted to … (3 comments)
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loan officers: WHAT ARE YOU DOING DIFFERENT TODAY? - 11/29/07 09:26 AM
I suggest you change things up a bit. Do a "George Costanza" and do the opposite of what you are doing now! I often found that just a simple change in how I went about my day made all the difference in the world. Change your opening comment, listen in the … (1 comments)
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loan officers: Needing Loan Officer(s) - 11/24/07 03:05 PM
Im in need of a loan office who can handle investor type loans, primarily on the refi side. However if you have a good source for rehab funds, that would be a huge plus. Likewise, Private Money source would be even better.Another opportunity lies within an officer who specializes in FHA, … (6 comments)
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loan officers: WHAT ARE YOU DOING TO SET YOURSELF APRT FROM THE COMPETITION? - 11/20/07 05:54 AM
Follow up.........Follow up...........Follow up!!! That is the key to the most successful Originators. Do you need help with time management? Everybody does. In this type of market of course you need to work harder. That's a given. By working smarter you can cut down on the harder.
Go to your past … (2 comments)
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loan officers: Loan Officers: A Case Study For You To Ponder. - 11/19/07 09:52 AM
Here's the situation, Loan Officer "A" just sold an Option Arm to a guy and come to find out another Loan Officer (we'll call him "B") already submitted the deal through the same lender. The only reason the borrower went somewhere else was because of a little disagreement, or misunderstanding, with … (1 comments)
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loan officers: WHAT ARE YOU DOING TO BUILD YOUR BUSINESS?!!!!! - 11/16/07 07:58 AM
Did you know that 94% of ALL Loan officers do not conduct any follow up with past customers. They close the loan and they are done with them. They never look back. Well at Levine National Title and Closing. We look back for you. We have you back.
Past customers are … (12 comments)
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loan officers: 40 & 50 Year Mortgages? What?!!! - 11/14/07 02:32 PM
I can't believe the amount of Loan Officers doing 40 & 50 year mortgages. When I analyze and question why I get the typical answer "it gives the borrower a lower payment." These are the same folks that don't like the Pay Option Arm because "The borrower doesn't pay down the … (2 comments)
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loan officers: Insurance Question for Loan Officers - 11/13/07 06:16 PM
I was talking to a neighbor at one of my listings. She asked if I knew any L.O.s and asked me a question that I have never heard before. She is doing a refi and her home is in an area of San Diego that was evacuated during our recent fires. WAMU … (0 comments)
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loan officers: Power Point, Do You Use It? - 11/13/07 07:04 AM
I had this discussion with my coach in the last few days (yes, I also have a coach) and it's been on my mind, so I thought I would write about it.
A few years ago, the Power Point program was all the rage. All someone had to do was developed the … (0 comments)
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loan officers: It Aint Over til the Fat Lady Sings!..Shortsales..Be Persistant and Relentless.... - 11/08/07 07:32 AM
We have had a short sale in progress for months now. I was handed the file 2 weeks ago to get Er done! This short sale has had many bumps in the road.
It doesn't matter to me, my job is to get it done! After-all, our company is handling both … (14 comments)
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loan officers: 'Mr. Pre-Foreclosure' The Nations #1 Expert, Trainer in Making Money with Real Estate Investing in Short Sales, And Foreclosures Comes to Michigan - 11/06/07 07:40 PM
'Mr. Pre-Foreclosure' The Nations #1 Expert, Trainer in Making Money with Real Estate Investing in Short Sales, And Foreclosures Comes to MichiganDetroit, Michigan -- Wayne County Community College Entrepreneurial Department with National Real Estate Network is sponsoring a free one day workshop with the leading trainer in foreclosures in the County. … (0 comments)
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loan officers: Real Estate Investors Getting Free Seminar in Michigan on How to Flip Short Sales Never Using Hard Money (high Cost $) Again - 11/06/07 07:36 PM
Wholesale Property Without Ever Purchasing The Property, National Trainer Doing Special Training On Short Sales, Land Trust, For Local Real Estate Investors Club In Southfield December 4thSouthfield, Michigan -- When an investor start their real estate career, one of the first five things they will need to do is build their … (0 comments)
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loan officers: Real Estate Investing Workshop How New and Experience Investors Can Learn to Control Real Estate Investments With Out Risk and No Cost! - 11/06/07 07:33 PM
Real Estate Investing Workshop How New and Experience Investors Can Learn to Control Real Estate Investments With Out Risk and No Cost!
The Course to Control Real Estate Investing With The Lease Option, Lease Option Assignment, Land Contracts, Locator Program, Business Builder, High End Quick Turn And Option Assignment Systems( EMAILWIRE.COM, November … (0 comments)
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loan officers: "Real Estate Agents" and "Property Investors" Being Offered Special Training Free for First Time Attendees - 11/06/07 07:25 PM
"Real Estate Agents" and "Property Investors" Being Offered Special Training Free for First Time Attendees
Pack House Plan for November 15 Mega Evening Real Estate Event Concerns Over Limit Seating( EMAILWIRE.COM, November 06, 2007 ) Livonia, Michigan -- Nov 15th and 17th to listen to Adam King explain the incredible inner workings … (0 comments)
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loan officers: Are You Keeping Up With Your Skills? - 11/05/07 01:41 PM
I had a conversation with someone the other day and it's been on my mind, so I figured I would right something about it. The conversation was in the realm of how people do what they do and how some folks stay on the top of their game and others don't.Some … (0 comments)
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loan officers: RE Agents, are you open-minded? Get your FREE REPORT HERE! - 11/03/07 08:55 AM
Superstar agents, professionals and RE Celebrities!
This isn't beer, but this Post's for YOU!
My name is Corry Green, I work in Atlanta, GA with Foundation Financial Group ; Trusted Partner of Equifax and backed by the U.S. Government. I am hoping to first and foremost absorb industry knowledge from those … (0 comments)
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loan officers: When Cut and Paste Makes You an Expert - 10/29/07 07:21 PM
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loan officers: How many times have your worked the same property? - 10/26/07 10:23 PM
I was speaking with a realtor friend of mine a few weeks ago. We were actually at on open house on Sunday afternoon. She informed me that this was going to be the sixth time she sold this house. She was referred from buyer to seller to buyer to seller, and … (5 comments)
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loan officers: Initial Meeting with a Client - 10/25/07 10:12 PM
Although I'm not a realtor, I work closely with many of them. I have always been the type of person who tries to figure out how everyone else does their jobs so I can get a solid understanding of what it takes, what makes them success, or not, how much time is … (6 comments)
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loan officers: QUOTE OF THE DAY # 15 - 10/25/07 01:19 PM
"Genius may have its limitations, but stupidity is not thus handicapped." - Elbert Hubbard
How many times h ave you talked to an agaent or LO (LOAN OFFICERS) and just rolled your eyes and wondered, "Where in the world did they receive their training or inforamtion?" Some of the things out of … (7 comments)
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loan officers: If Realtors® are regulated...what about the Mortgage Brokers and Loan Officers? - 10/25/07 08:30 AM
Yesterday I was reading a post by Thomas Weiss entitled Wow!! Mortgage Lenders Are Really getting Tough!!
When I saw the title I really didn't think too much into it. Then I started reading and he mentions how lenders seem to be getting tough on which mortgage brokers and loan officers … (43 comments)
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loan officers: REALTORS® Giving Vender Referrals - 10/24/07 04:43 PM
This topic comes up regularly. How do you decide on venders like home inspectors or loan officers to give your clients?
The most common school of thought among agents I have spoken to over the last few years is to give a list to your clients. I have such a list and … (83 comments)
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loan officers: Talk the Talk - 10/22/07 11:08 PM
Tonight I had the opportunity to stop in and visit a friend. By the way, I am away from home on a personal matter. So, I stopped in to see an old friend. Now this friend has received my cards, has received calls from me begging for a referral, and I … (3 comments)
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loan officers: Benefits of Being Available - 10/19/07 10:47 AM
We all tell our clients that they can reach us anytime. You can reach me night or day, 24/7. I work weekends. Call me on Sunday.
These are all lines that we've all heard in our personal lives as well as business dealings. I even recently ran across someone in my … (4 comments)
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loan officers: WHAT DO PROFESSIONA REAL ESTATE AGENTS & CONSUMERS WHAT IN BLOGS? - 10/17/07 06:21 PM
We are new to the Active Rain forum and we are truly interested in finding out what information Real Estate Professional and Consumers would like posted in a blog from A National Mortgage Banker/Lender so we can help inform and educate.Here are a few topics or ideas, but we really want … (4 comments)
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loan officers: Resource Mortgage a division of Resource Bank - 10/15/07 09:46 AM
Resource Mortgage a division of Resource Bank
Here at Resource we take pride in what we do.
Let me start by telling you a little about me.
I have been serving Real Estate Agents and their clients as well as people that find me on their own, here in the Hampton Roads area … (0 comments)
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loan officers: Short Sales - 10/11/07 08:55 PM
We have been getting a lot of question about Short Sales. So here is a brief overview/ Have you ever wondered about Short Sales? A short sale occurs when a lender agrees to accept less money than is actually owed on a mortgage in connection with the sale of a property. For example, … (1 comments)
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loan officers: Just when you don't expect it! - 10/10/07 11:20 PM
I had a great experience the other day. To give a little back up, I've been working as a loan officer for six months now. I have tried lead, cold calling, letter campaigns, and of course networking, especially with realtors. They are certainly a loan officers best source of leads. Anyway, … (4 comments)
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loan officers: Who all is involved in a single real estate transaction? - 10/08/07 08:15 PM
I thought I would list everyone that is involved in a single real estate transaction. I think we may sometimes forget how much everyones services are needed in the Real Estate Industry. Without the help from so many people a transaction could be delayed or even fall through. If you are … (2 comments)
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loan officers: The Greater Sacramento Area Real Estate Market Update - 10/01/07 01:33 AM
SACRAMENTO - CAPITAL OF CALIFORNIA
… (1 comments)
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loan officers: The Best Places To Invest In Real Estate - Residential and Commercial Properties - 10/01/07 12:43 AM
THE BEST PLACES TO INVEST IN REAL ESTATE
I would like to get input from REALTORS, other professionals, and Investor to give info on on some of the best places around the USA and around the world to invest in real estate. It is said that the real estate market is specific to … (2 comments)
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loan officers: Are You A Real Estate Contrarian Investor? - 09/28/07 03:47 PM
Are you a real estate contrarian Investor?
What is a CONTRARIAN?
The definition of a Contrarian by:
www.webster.com
Main Entry: con·trar·i·an Pronunciation: k&n-'trer-E-&n, kän-Function: noun: a person who takes a contrary position or attitude; specifically : an investor who buys shares of stock when most others are selling and sells when others are buying - … (13 comments)
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loan officers: Loan Officers Order Refinance Preliminary Title Reports & Commitments Nationwide - 09/27/07 01:56 PM
This is a National Lenders Division servicing 49 US states. If you have clients all over the United States, we are a perfect match for you! We service all CA Counties! We have the personnel, experience, resources, and contacts to service all of your Title & Escrow needs Nationwide! On-Line Ordering:
We also offer On-Line Ordering if you are interested in … (0 comments)
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loan officers: YOU GOTTA LAUGH - 09/27/07 04:58 AM
I believe the key to success is enjoying what you do!
Let's laugh out loud uncontrollably with tears in our eyes and out of breath!
We will live longer, work harder, and have fun doing it!
This Blog is dedicated to making us laugh out loud (LOL)!
I encourage you post funny stories, jokes, wild … (42 comments)
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loan officers: Real Estate Agents and Loan Officers..Listen Up...Can't We All Just Get Along? - 09/26/07 07:27 PM
Real Estate is a hard enough gig these days with cooperation but without cooperation it can be just pure havoc! If only people would realize it takes an entire team to get a transaction closed.
If one person drops the ball someone else must intercept. Sounds like football..Nah..I say it's teamwork...plain and simple. T-E-A-M … (33 comments)
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loan officers: I'm Not Bragging......... - 09/25/07 10:31 AM
But I work with a TEAM of true professionals. The folks I work with are like family to me. When they hurt, I hurt. When they are euphoric over a success, I'm euphoric. When they have problems, I want to help all I can. I've worked with some of these people … (8 comments)
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loan officers: Why are WLG agents switching over? - 09/17/07 10:10 PM
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loan officers: Work From Home Brokerage is that possible - 09/17/07 09:01 PM
Work From Home Brokerage is that possible
Many ask wow how incredible would it be to be able to work from home and cut down on all the overhead and more importantly be able to spend time with my family. Not to mention the incredible write offs!
We Have … (4 comments)
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loan officers: A Bundle Of One Thing vs. A Little of Every Thing - 09/17/07 04:42 PM
Ever been to an incredibly upscale, high cost, opulent restaurant? No, no, no, the one a step above the one you just thought of. You know the place I'm talking about. There is one or two almost any where you go in our great country. The place where you might not … (7 comments)
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loan officers: NewKey Lending is changing the Entire Mortgage Business - 09/14/07 05:27 PM
This Revolutionary Mortgage Banker is changing the lives of Brokers, Real Estate Agents, Loan Ofiicers, Net Branches and Entrepreneurs! Check out Our Free DVD on our Home Page! … (0 comments)
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loan officers: "THE RICH DONT WORK FOR $$, THEY WORK TO BUILD ASSETS" - 09/14/07 05:16 PM
"THE RICH DONT WORK FOR $$, THEY WORK TO BUILD ASSETS" Are You Still Working For Money? Network Marketing; It's an Asset, Not a Job By Robert Kiyosaki, Multi-Millionaire Wealth Mentor I am sometimes asked, "Why do so few people make it to the top of their network marketing system?"The truth … (1 comments)
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loan officers: Where Have All The Quasi ORIGINATORS Gone????? - 09/14/07 12:48 PM
No doubt hiding under a rock somewhere! Seems only a short time ago that pre- qualifying applicants for home loans was an activity reserved for only originators who were not faint of heart. Many applications were concluded with some of the following phrases: 'You'll need to take care of this or … (8 comments)
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loan officers: Century 21 Keller Williams Remax Executive Realty ERA WLG Prudential Exit Realty - Why are they all joining us? - 09/12/07 07:38 PM
Century 21 Keller Williams Remax Executive Realty ERA WLG Prudential Exit Realty. Why are they all joining us? 1. Ownership Opportunity 2. Help their clients with their Real Estate Needs 3. Capitalize on Market Conditions Order your Free Success Package from our Home Page: www.NewKeyWealth.com … (1 comments)
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loan officers: Loan officers....where are you????? 225,000 missing!!!! - 09/10/07 09:42 PM
Department of Labor has reported that over 225,000 loan originators have left the business since the implosion of mortgage lending. This is great for those of us who want to stay and to work in the business. We need to truly add value to our realtor referral partners if we're going … (14 comments)
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loan officers: I WILL BE DONATING 1,000.00 ( ANY MORTGAGE LOAN CLOSES) TO SUSAN G. KOMEN BREAST CANCER FOUNDATION - 09/10/07 12:23 AM
WWW.SANDIEGOMORTGAGEWORLD.COM
(619) 781-7831
COME AND JOIN TO MY FUNDRAISER GROUP LETS HELP THEM, TO OUR WOMEN WHO LOVES TO LIVE AND WANTS TO GET CURED.
IT was this Saturday, I woke up early in the morning to go to our community garage sale in CHULA VISTA EAST LAKE VISTAS,CA 91915. Why cause to introduce my self … (0 comments)
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loan officers: REALTORS- Get paid on your loans up to 100% - 09/07/07 01:21 PM
Get paid LEGALLY on your loans!Earn 100% Commission plus through the lucrative mortgage industry. You can also earn an extra $3,000, $5,000 to $10,000 plus of passive income on top of your monthly production.We will help the right people build a team and receive residual income. You can easily qualify … (3 comments)
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loan officers: Question for REALTORS!!!!!! What qualities do you seek in a LOAN OFFICER? Please Comment :) - 08/31/07 11:42 PM
I am trying to help some of my loan officers that I manage at my branch, they would like to focus more time working with Realtors, I told them the best way to find out is to see what Realtors are looking for in a loan officer, since this community is … (13 comments)
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loan officers: Birth of Jason Sardi.....Loan Hack? - 08/27/07 05:32 PM
First of all, I want to extend my thanks to Mr. Brian Brady for the usage/borrowing of a term he coined (as far as I'm concerned) on this forum. I've wanted to tell the story for awhile now, hoping that maybe others may see the light through the dim darkness of … (50 comments)
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loan officers: No Checks? Attorney Are Paranoid - 08/25/07 08:49 AM
I was at a closing yesterday and we get to the end and the attorney says, "We won't be funded today, so you guys (the buyers) won't be able to move in until Monday."
Usually, when an attorney lets us know that something won't be funded, there are a bunch of calls … (4 comments)
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loan officers: Sure-Fire Success Stratgey! - 08/24/07 03:32 PM
I love animated movies. While they are intended for children, I often find some great moments that we could use in our origination careers. Take for example the movie, Madagascar. In this great adventure, we find Marty, a zebra played by Chris Rock who wants to find out what is beyond … (0 comments)
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loan officers: More Mortgage News~ - 08/23/07 12:51 PM
For those of you who may not have received notice yet, I wanted to let you know that Wells Fargo Home Mortgage is going strong. In order to maintain their strong presence, they are no longer going to offer 100% financing as of Monday 8/27/2007.
So what does this mean to you?
Mortgage … (7 comments)
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loan officers: Lender Responsibilities And Obligations - 08/20/07 11:31 AM
This is a topic that might infuriate some of you who are in the real estate industry. If you are a mortgage lender or loan officer with integrity, then you should not be offended -- nor is this directed at you. There are just as many real estate agents who … (1 comments)
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loan officers: What Is The Difference Between A Mortgage Broker and Loan Officer? - 08/17/07 05:02 PM
This is the simple answer:
A Loan Officer uses their own money to fund your mortgage.
A Mortgage Broker uses someone else’s money to fund your mortgage.
But buying a mortgage is anything but simple. Buying a home is the largest single investment most people make in their lifetime. … (0 comments)
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loan officers: Why It's Important For Your Loan Officer To Attend Your Closing - 08/17/07 04:36 PM
I had a closing today with two clients I’ve been working with for a few years planning their first home buying experience after they got out of law school.
They were lucky enough to find a listing that offered a free 1/4 point buy down on their loan for the first … (0 comments)
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loan officers: Bond Market holding steady, good news for rates - 08/15/07 11:28 AM
Mortgage Bonds got some good inflation news by way of the Consumer Price Index: the CPI for July was reported at 0.1%, and the more closely watched Core CPI at 0.2%. The Report was in line with expectations and suggests that Core Inflation is stable to moderating. This is good news … (0 comments)
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loan officers: WE ARE HIRING ! ! JOIN OUR TEAM ! ! - 08/10/07 03:08 AM
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loan officers: Some breaking developments in the bond markets, good news for rates - 08/09/07 11:17 AM
Mortgage Bonds are trading higher on unexpected news from Europe connected to US sub-prime mortgage investing problems, as well as Stocks trading lower off the same news. French Bank BNP Paribas, second largest bank in Europe, announced it has temporarily halted withdrawals in three of its mutual funds that have exposure … (0 comments)
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loan officers: Unlimited lending is Interviewing Loan Officers in Washington and Idaho. - 08/08/07 06:17 PM
Unlimited lending is looking for Loan originators in the states of Washington and Idaho. If your looking for a change and would like to work primarily from home then we might be a good fit. We pay a 100% spit minus a small file fee. This allows you to make more … (0 comments)
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loan officers: Should Realtors be Loan Officers too? - 08/06/07 04:40 PM
I hope I don’t step on too many toes with this topic, but I say yes!
Too many new and experienced Realtors are clueless about pre-qualifying, assessing whether or not their buyer (client?) is being offered the best range of products; have no idea when or how to pinpoint … (12 comments)
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loan officers: INSURANCE AGENTS ! LOAN OFFICERS ! We Are Seeking Partners ! - 08/06/07 05:49 AM
Home Buyers Assistance Program
( do you have clients with FICO scores below 550? )
Real Estate Investment Programs
18% Return W/ a 12 month Commitment
Equity Partnership Program
(Partner with an investment company and purchase foreclosures for as low as $7,500!)
Welcome !
Pike Development would like to work … (0 comments)
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loan officers: ISREP - the International Society of Real Estate Professionals - 08/06/07 05:18 AM
Welcome! Consumers & Real Estate Professionals!
… (0 comments)
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loan officers: Amercian HOMELESS Mortgage - 08/03/07 02:01 PM
American Home this week said that its own lenders cut it off, it faced escalating margin calls, and might need to liquidate assets. It also said it stopped taking loan applications. Not taking loan applications? It is unfortunately over when you are told to stop working. What a stock price- was at … (4 comments)
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loan officers: Have you received an approval letter from AHM for one of your listings or your buyers? If so that letter may be worthless. - 08/02/07 09:09 AM
On the last two days of July fundings did not occur.
One of my favorite lenders, a competitor of AHM, sent me the above headline this morning. It certainly got my attention and no, thank goodness, I don’t have any deals dependent on AHM for a mortgage. On July 31, … (1 comments)
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loan officers: Dual Representation - 08/02/07 08:16 AM
I recently obtained my real estate brokers license in Massachusetts. Since I am an attorney in Massachusetts as well, the process was simple. Now that I have my broker's license, I know I have to disclose information to any potential client. Is there any other attorney/mortgage originator/real estate broker out there … (3 comments)
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loan officers: Gift Baskets - 08/01/07 07:52 AM
I am always curious when a customer closes a loan or purchases a new home, what is appropriate. I have seen some real outrageous gifts or gift baskets and seen others who give nothing.
I am curious to see what people have been giving out there. I would love to get some … (7 comments)
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loan officers: K.I.S.S. -- Keep it Simple SILLY....... - 07/30/07 06:12 AM
(please listen to the video while reading this) Billy Joel -- Pressure
(Just a FYI, the Embedding was disabled)
Okay, so K.I.S.S. stands for Keep it Simple Stupid. But I personally think calling someone stupid is demeaning. But the KISS principle is very basic when it comes to writing and speaking about a … (20 comments)
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loan officers: REALTORS'S AND LOAN OFFICER'S DO YOU HAVE A MY SPACE PAGE - 07/29/07 12:49 AM
I just wanted to find out how many Realtors and loan officer's have a My Space page. I know we should always take advantage of all the marketing we find especially if it is free. Are you getting leads from this type of marketing? Or is it something you have just … (8 comments)
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loan officers: ActiveRain Carnival of Content: Round 2 - Loan Officers/Mortgage Lenders - 07/23/07 11:39 AM
UPDATE! There's been a change to the topic/subject for this weeks Carnival of Content. After discussion with several prominent members, the topic/subject is being changed to "ARMS vs. Fixed Rate: Which is Better?"
I apologize if this has caused any inconvenience, but we want to ensure the greatest amount of participation in this initial round. … (71 comments)
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loan officers: Upcoming summer days - 07/20/07 06:54 AM
Historically I've experienced a bit of a slowdown over the next couple of weeks. People go on vacation, its hot and people for one reason or another take a bit of a break from the real estate world. It tends to pick up right before the "Back To School" rush. However, this year it … (4 comments)
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loan officers: Realtors: Does Your Loan Officer Work For You? - 07/16/07 05:48 PM
Contact Me If You Would Like These Services Performed for Free
Julie Holbrook - Associate Broker
$1,150,000: 165 Jack's Shop Road, Rochelle, VA 22738
This home, with over 7000 sq ft, boasts high ceilings, a gracious entry hall, a warm inviting country kitchen, 5 bedrooms including a first floor master suite...(read more)Access This Property
$238,000: 5 Ashcake Terrace, … (0 comments)
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loan officers: "Broken Dreams" - rather extraordinary look by The Morning Call, Lehigh Valley PA - 07/16/07 04:06 PM
"As the loans reset over the next few years, analysts predict the foreclosure wave will hit this region harder than anywhere else in Pennsylvania.With their home prices pumped up to record levels, Lehigh and Northampton counties ranked first and second among Pennsylvania's 67 counties for growth in high-rate, subprime mortgages from … (20 comments)
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loan officers: 100% Financing on investment properties still Available! - 07/11/07 05:54 PM
My Investment Loans allow investors flexibility with their money. My 100% financing options keeps investor's money in their pocket, where they want it! No prepayment penalty option available. One loan no MI available with interest only option at 100%LTV. All programs allow a 3% credit for closing costs! All 100% programs … (4 comments)
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loan officers: Ideal Realtor & Loan Originator Partnerships - 07/05/07 06:38 PM
We all know the importance of teaming up with Real Estate Agents and Loan Originators. But what is in this partnership that creates synergy?
I personally have a few points that I look at when speaking with an Agent....
What do you like about being a Real Estate Agent?Where in a transaction are you … (7 comments)
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loan officers: Processing Log - 07/03/07 09:36 AM
Hi Processors:
Well My last blog I asked about Advice. This is something a little more specific. I have created a Processing Log, (one in each file) listing all info on that specific file, like, who is Title, Survey, lender, loan amount, PP, Payoff info, and so on, Does anybody have … (2 comments)
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loan officers: Loan Officers & Realtors...Show me the money, because it looks all too easy.... - 07/02/07 09:41 PM
EXTRA, EXTRA..... apply for the job with EASY MONEY!!!!
After almost 15 years in the mortgage industry, I just wanted to educate the general public about the real estate and the mortgage industry.
I have seen so many think that we don't do much and have easy jobs while the money flows … (23 comments)
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loan officers: Processors - 06/29/07 09:53 AM
Any Processors out there with any advise please comment, I have only been doing this for 3 years, any good tips will help. … (5 comments)
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loan officers: Ilinois Mortgage Lenders, Bankers, Brokers & Originators - what's the difference? - 06/19/07 05:19 PM
What's a Mortgage Banker, Broker & Direct Lender?
As an independent Broker I'll identify lenders most likely to approve your loan. As a Mortgage Banker I'll fund your loan at closing just like any direct lender. Unlike direct lenders limited to their own product portfolios, I have hundreds of lenders to choose from including the … (2 comments)
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loan officers: So What Do You Do With Crappy Loand Officers?... That's Legal! - 06/18/07 08:54 AM
What Do You Do With Crappy Loan Officers?
My rhetorical question sounds like I am picking on bank loan officers exclusively, far from it. My primary complaint is with a couple of modest sized "Finance Companies" who apparently hire folks who have difficulty chewing gum and walking at the same time. … (6 comments)
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loan officers: Bond Market Goes Crazy as Rates Rise - 06/14/07 08:48 PM
As I sat at my desk and watched the bond market all week I could help but hang my head. The 10 year bond went from the low 5s to as high as 5.25% in the middle of the week. I probably don't have to tell you what this did to the interest rates. Rates … (5 comments)
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loan officers: Market Conditions in Mahtomedi, MN - 06/11/07 03:10 PM
The MAR 100 was reported today, and here's what it shows for the Mahtomedi, MN. marketplace through May of 2007-
Mahtomedi, MN.
2006 2007 Change 2006 2007 Change
New Listings- 22 26 18.2% 81 93 14.8%
Closed Sales- 7 14 100% 34 38 11.8%
Ave. Sales Price- 335,400 329,007 -1.9% 406,171 314,009 -22.7%
Ave. Days on Mkt. b/f sale … (0 comments)
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loan officers: Not to be a (home) alarmist, but... - 06/11/07 12:54 PM
did you know that home security systems may actually attract burglars? Shocking, but true.
Each year, Americans spend more than $18 Billion on professional alarm systems. Unfortunately, according to security consultant Walter Shaw, some of those systems may actually be attracting burglars. Shaw, a former burglar, contends that when thieves see a … (4 comments)
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loan officers: NAR Housing Forecasts-deflating numbers (?) - 06/08/07 03:52 PM
It seems that the National Association of Realtors forecasts over the past few months have actually backpedaled, based on the newest 2007 forecast released on June 6th. In January, former chief economist David Lereah came out with the predictions on the top left side of the graph below. In April, those … (0 comments)
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loan officers: Some other consumer ideas about "flipped" homes - 06/08/07 02:53 PM
In continuing my thoughts from yesterday regarding looking at a home that may be a quick "flip"- the expression "quick and dirty" might have been invented to describe some of the methods used in turning properties around for resale. Not to say that all or even most investor rehabs are shoddy, … (0 comments)
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loan officers: Checking in on buying a "flip"- - 06/07/07 12:33 PM
You can almost spot "Flips" from the listing sheet. They tend to be among the smaller homes in an area and the listing sheet highlights "new carpeting, new appliances, and/or fresh paint". Sometimes a major selling point is that a buyer can "rent to own." And the houses are almost always … (3 comments)
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loan officers: Cherry Creek Mortgage - 06/07/07 10:28 AM
While I really enjoy blogging and talking about everything under the sun, part of the reason that I blog is obviously for business. So....for all you loan officers who are interested in looking into other companies, I have 2 parts to this blog. The second part is listed below....This is our company's … (4 comments)
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loan officers: Do you want a great lender? - 05/31/07 08:01 PM
I know some of you realtors out there wish your lender worked like you do, or would communicate with you more during the transaction. What if you didn't have to worry about the loan aspect of the transaction and you could just focus on your job? Well I'm your solution to … (0 comments)
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loan officers: "Bridge Loan" woes! - 05/30/07 05:20 PM
Had an interesting situation come up in Minnesota today....wondering what anyone else might have seen-
Clients wanted to purchase a new home and close on June 15th. They have an approved buyer of their current home who is self-financing, with a certified letter from a trust showing income, and a letter from the … (3 comments)
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loan officers: It STILL makes sense to buy instead of renting! - 05/29/07 12:49 PM
Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these "echo boomers" could mistakenly decide to put off the purchase … (1 comments)
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loan officers: Wasting Time on Office Duty? - 05/27/07 08:33 AM
If you find yourself playing solitaire on office duty, or just talking to every other agent in the office to avoid boredom...here are some suggestions as to what you could be doing to build yourself professionally while wasting time during office duty.
1. Catch up on all that filing that you … (3 comments)
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loan officers: Neighborhood Swayed by 'Liar's Loans' - 05/26/07 11:24 PM
I thought I would share this with you. Very interesting article about how people got approved for homes they could not afford!
here is the link but I copied the page for all to see. This is from the AP
http://biz.yahoo.com/ap/070526/stretching_the_truth.html?.v=4
Thanks,
Ray Delao
Neighborhood Swayed by 'Liar's Loans'Saturday May 26, 6:14 pm ET By Adam … (0 comments)
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loan officers: REFERRAL GROUPS PART 2 - 05/26/07 07:36 AM
Okay, my boss came down and we had a great lunch at a restaurant in town(Bridgeway Family Restaurant). They have a back room and said we could have lunch meetings there, no problem. Step #1 solved. Now it's time to make up flyers and invitations. I am going to try to … (0 comments)
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