Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“Social Media Worked in Manchester, Vernon & Tolland, CT”

I have been blogging on a regular basis for 13 months. If you are in business and you have a message, rest assured someone will want to hear it.Social Media Worked in Manchester, Vernon & Tolland

Below is the blog that I wrote in April and within three days, I took three mortgage applications from folks in Manchester, Vernon and Tolland, CT. These were all folks that owed more on their homes than they were worth and were desperate to refinance, so that they could lower their monthly payments.

They all went to their local banks previously and they couldn’t help them, but when they read my blog on this topic, all immediately contacted me. Two of the three loans have already closed, the other will close next week.


“The Harp 2.0 Challenges, Some Old/New Issues”

By: Joe Petrowsky, Right Trac Financial Group, Inc.

We started getting prepared for doing HARP 2 loans a couple of months ago. Information started coming out a little at a time. Everything was to go live on March 17th, which meant all of the guidelines would be in place by then. Not so much.

One of the is, many of the loans that are upside down, have mortgage insurance. So, the reason this is a problem is twofold, not all lenders use the mortgage insurance companies. Second, no homeowner knows what mortgage insurance company insures their loan.

So, once we have taken a mortgage application and run a file through automated underwriting, it will tell, which mortgage insurance company has insured this particular mortgage.

Once we know which insurance company, we now need to find a lender that uses this company. As you can already imagine, this may create a bunch of issues. 1) we have to disclose a lender and rates at the time of the applications. 2) all of the lenders are learning as they go, which doesn’t make the process fun for our clients or us. 3)  Not every lenders are following the same scripts as Fannie Mae and Freddie Mac have recommended. I could go on and on, but you get the idea.

We get calls about HARP 2, each and every day, so the demand for the product is there and we are getting many clients through the maze and learning as we go.                        


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294


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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.


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Re-Blogged By Re-Blogged At
Real Estate Sales and Marketing
Connecticut Tolland County Tolland
All About Mortgages/Mortgage Networking
Wake Up Brokers
Connecticut Professionals
Consumer Mortgage Tips
home values
mortgage application
social media
manchester ct
tolland ct
vernon ct
harp 2

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Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Nice to know when the efforts of our posts are profitable.. Kudos love it when new AR business comes in.

Jun 27, 2012 11:37 PM #1
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Joe:  Refreshing to see that the truth and honesty regarding what we are facing as loan officers resonates and motivates people.  As you point out, truth is ... sometimes the path is not always made too clear for us and we DO have to learn as we go.  Still, we are offering a valuable and timely service, should someone be in need of help.  We offer hope.   Personally, I like that ...


Jun 28, 2012 02:32 AM #2
Andrew Capelli
Hill Elementary - Troy, MI

Joe: It's a shame the HARP program is so complicated that it hasn't been implemented on a wider basis.  It's encouraging, though, to hear about your success.  Thanks for sharing!

Jun 28, 2012 03:41 AM #3
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Joe Petrowsky

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