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Blog entries tagged with "mortgage banker":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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Pre-Qualification vs Pre-Approval
Looking for a house can be a very tough process. Luckily, in the State of Pennsylvania, mortgage bankers can assist consumers in paying for their homes; one of the most complicated and time consuming processes in buying a house.
Many branch managers think they benefit greatly by being part of a large banking corporation with their own underwriter and licensed in 50 states. Yes, having your own underwriter is great, you may end up closing a loan slightly faster, however, have you considered all the lost loans and fees because … (0 comments)
Shopping around for the perfect mortgage loan lender is as important as shopping for the home it will finance. Types and variations of loans available today are as numerous as there are homes to buy. Wise shoppers will spend time checking out and comparing loan types to select the one best … (0 comments)
Is it better to be a mortgage broker or a mortgage banker. I always thought the mortgage broker had more options and I read some comments recently that make me thing it might be better to be a mortgage banker.
Tomorrow I will be switching companies from a mortgage broker to a mortgage banker from the wholesale side to the retail side. I will be working for Wells Fargo.
The best way is to ask the Mortgage Company if they are a Licensed Mortgage Banker or a Licensed Mortgage Banker/Broker. Mortgage Banker/Broker, are those company that can originate loans but when closed they broker it to us, the Mortgage Bankers. … (9 comments)
by David GoldmanTuesday, March 18, 2008provided by The Federal Reserve cut interest rates by three-quarters of a percentage point Tuesday, but don't expect mortgage rates to go down too. In fact, home loans could be heading higher.
We are Pan American Mortgage a Wholly Owned Subsidiary of Pan American Bank, a Multi-Million Dollar Illinois-chartered bank with multiple locations throughout the Chicagoland area. We are ranked in the top 25 for all Illinois banks by Crain's Business Magazine for 3 years running.
Have you ever dreamed of owning your own home or need to refinance your current home? Then look no further then your home town mortgage consultant Steve Shockley with The Bearland Group. His personal service and mortgage knowledge will help you find a better mortgage for your current home or find the … (0 comments)
For the past 5 years thousands of individuals have secured a Real Estate License with hope of making thousands of dollars. In some cases success was accomplished, in many more cases success was not accomplished. This was done in past due to lack of time, lack of training, no presold image … (4 comments)
Buying, or even refinancing your home, is probably one of the biggest investments you make. Some people don't consider the "costs" associated with buying or refinancing their home, they're more concerned with an interest rate and payment. As we've seen over the last few years, interest rate and payment aren't always … (1 comments)
I recently graduated from College with my BS in Business Administration. I was on the 20 + year plan. If it wasn't for online classes, I don't know if I would have finished. My associates degree took me ten years to complete through traditional classroom learning. How things have changed. 
In an article on CNN Money I read that Countrywide will be helping out about 82,000 hybrid ARM borrowers. This seems like a better solution than the government stepping in and regulating the industry. And, I believe that sometimes it’s better for you to see the error in your ways and … (4 comments)
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Disclaimer: What I am writing here should not be construed in any way as support for over-pricing, price-gouging, or deceptive business practices of any kind. I also admit freely and fully that I am not a neutral or disinterested party. Check my profile and you will see the links to my … (4 comments)
by Gaurav Bhola, MSM
Several people have asked me to comment on the differences between mortgage brokers and mortgage bankers and levy an opinion on which I believe to be the better business model. I am, of course, weighing in on what I believe the best model to deliver service and a solid loan to … (17 comments)
Due Diligence Benchmark-Part 1ForRealtor's and their Clients
Looking for other mortgage broker/bankers opinions...I am looking to join a mortgage banker to expand the products we can offer, the states we can originate in, etc. Seems as a "broker" there is someone with better pricing all the time now, and I am thinking it might be time to merge … (5 comments)
While I am sure that everybody is tired of hearing about the sub-prime meltdown. It looks like this is now spreading over to the Alt-A lenders as well. Since June 1st of this year, 13 Alt-A lenders from wholesale to retail have closed their doors. In total over 100 lenders have … (0 comments)
About 3 months ago I was approached by one of our large regional banks asking me to join them as a mortgage branch manager. They wanted me to be the branch manger for a portion of the island of Oahu. I said "excuse me, you do realize that I am 65 … (28 comments)
When financing, should you finance with a mortgage broker or a mortgage banker? In this short video I explain the differences between the two types of lenders. Both have many strenghts and each of some weeknesses. Only you can decide which you should work with. My video is designed to provide … (0 comments)
The gloves are coming off! Broker Bryant, I'm calling you out! I realize that you are the Oscar De La Hola of Active Rain but with great power comes great responsibility. In your post "Another One Bites The Dust" you tell mortgage brokers to bite you, 
Ive had some heated (and circular) conversations with many in the mortgage industry regarding how unregulated the industry actually is, how it would be near impossible for legislation to clean up the mess. The Mortgage Industry needs something more than new Statements and Policies from regulatory agencies, with a few sacrificial … (18 comments)
Money to Lend unsecured and secured
In Part 1 I discussed the advantages and disadvantages of being a direct lender.In essence, if it doesn't fit in their box it doesn't fit, and they have to decline the loan.From a Borrower's point of view...Let's say our Borrower walks into Bank A, applies for a loan.
I recently had an articcle in the NY Times that discribed how seller financing can sell your property for TOP DOLLAR. In the age of low interest rates and fast money we have not seen seller financing very much. Now the market is slow and folks are holding on to property … (0 comments)
*** 2 Images Removed from this blog!
So, you've been doing this real estate business gig for a while. You have your scripts and marketing down pat. You know your MLS and your housing market. Showing homes is second nature and you can breeze through the features with aplomb. No sweat, no worries, right?
When I bought my first home I was not yet a mortgage loan originator, and I did not go shopping for mortgage rates. I went with a loan officer that I knew and trusted, which is what most people do. The loan officer I used for my purchase worked for a state-wide bank in Illinois, … (5 comments)
Adjustable rate mortgages usually attract more interest when interest rates move upward. Typically, ARMs offer a bargain rate one or more points below traditional fixed rate mortgages. ARMs are often considered more sensible than fixed rate mortgages to someone who currently has a modest income but expects it to rise in … (0 comments)