- Name
- TheMortgageInsider.net, Rob K. Blake
- Company
- Mortgage Insider Media, Inc.
- E-mail
- Contact Mortgage Insider Media, Inc.
- Website
- http://themortgageinsider.net
- Address
- 4610 S. Ulster Street, Suite 150, Denver, CO, 80237
- Description
- Rob K. Blake, a 15 year veteran of the mortgage industry, along with his business partner, Terri Ewing, operate TheMortgageInsider.net website for consumers and industry professionals.
About Us:
Rob K. Blake, a 15 year veteran of the mortgage industry, is a renowned public speaker, author, radio talk show host. He is dedicated to training both consumers and industry professionals to increase the odds the client ends up with the best mortgage everytime.
As the host of a Denver CO Radio Talk Show,The Mortgage Insider Show, he brought the "hidden" overcharging of Yield Spread Premium to light for clients and real estate professionals alike. This common but largely unknown practice of upping a clients rate by as little as a half a percent allowing the broker to pocket not just a 1% origination fee but an additional 2% of lender compensation at closing...effectively making as much as each real estate agent!
A recent Harvard study showed YSP overcharging on 90% of all loans indicating most American's don't get the best mortgage rate regardless of eligibility!
Our Colorado clients get a wholesale rate for a 1% fee...simple, honest, and worthy of referral....ha ha! Our clients love us...see our mortgage testimonials below.
I once had a Colorado real estate broker tell me after hearing our program and admitting he understood this overcharging practice that both banks and brokers engage in, "I don't have a dog in that fight". My reply was then what it is now, "Sooner or later, your client will use your "suggested" lender, discover this rip-off, and blame you. Of course, by then it's too late."
Visit our mortgage website no matter what state you're in and join our list and get all the info on YSP in our free ebook, "Mortgage Rip-Offs". We wrote the original version of this ebook 3.5 years ago and railed against this practice for 3 years on the radio. I was continually amazed by the consumer and real estate agent ignorance of this enormous rip-off.
Any agent not educated about this "hidden cost" to buying a home with a mortgage is opening him or her self up to lost client trust at best and litigation at worst.
Don't let it happen to you!
Our Mission
Through books, audio and website resources, our speciality is teaching folks the right way to shop for a mortgage. Plain and simple. To do that, a consumer needs to know how mortgages are priced, how rates are quoted and locked, and all the players in the system that service to confuse or obfuscate the truth.
Testimonials
Please read through our testimonials from real folks who got enough from our site or programs to actually sit down and write us. Real words from real people...
Enjoy!
I have an electronic version of your book about yield spread premiums.
I read the book and the information was fantastic.
While I have not had the opportunity to use any of your information I now know about them. I looked back at the paperwork from my last mortgage and noticed the 2.5% that went to the broker and know not to let that happen again.
Torrey Tesch
I found your website gave me a lot of answers to questions that I have asked for a long time. With our home that we bought in July 2007, we were charged .75% for Poc (Brokers Fee) and on top of that 1.125% for the Origination Fee. Now, in the beginning my broker told me that it is possible that he could get us 5.50% interest rate (everything was vague) and upon closing it ended up as 7.124%.
Also waiting for closing took longer than expected and I called many times a week to find out what was going on and why it was taking so long. They said they were waiting on the loan company to get the paperwork back to them.
After reading information on your site.....it made sense they were waiting for the percentage rates to be in their favor.
I appreciate your site and the materials that you have available for individuals like me who are completely naive to how things work in the mortgage industry. Next time, I will be in control of the outcome for a win-win situation.
Thank-you,
Diane Rose Phillips
I want to thank you for several things and wanted to take a minute to do so.
Using your process that I went through 2 times this weekend, sleeping only 6 hours to do so, I was able to find an outstanding Broker in Marietta, Georgia (about 25 miles North of Atlanta). I found her, and other well qualified Brokers thanks to your guidance.
Out of all the Brokers I contacted, only 3 were willing to work with me on a total 1% commission. So many others would not discuss YSP, wanted 3% commission on a $400k loan we need, tried to explain away the YSP as being GOOD for me and my families future (cough, gag, ah-yaaahh!) or simply refused to discuss anything else with me after I got to question 4-5 on the prepared sheets you created for us.
Thanks to your process, we have saved thousands of dollars, gained a VALUABLE asset in a referable Honest, Integrity Drive, Ethical and family oriented company. I have already sent her 3 of my closest friends! What a reward she has received and we have gained!
Thank you again for your process and for your time, I hope that everyone I send your way, buys your program and that they receive the same benefits and knowledge that I have received from it!
Sincerest Thanks,
Scott Vincent
VICTORY!
I wanted to let you know yesterday went off without a hitch. I made it perfectly clear that I was not going to be penalized for my commission based income, nor was I to pay any YSP. The look on his face when I quoted him the current rate was well worth the price of my system.
Knowing exactly how much and the means by which he was making his money made the process much less daunting. The confidence I had walking away from the table after locking (in writing) was a wonderful feeling. It's nice to know you didn't get conned into buying swampland and a couple of bridges on the side.
You saved me money, time, and much consternation, for which I am truly grateful.
Most of all thank you for your honesty."
J. Turra
The Mortgage Advantage not only gives you bedrock info on how the mortgage racket works, it gives you an a-b-c script for finding the best brokers and the best deals. The system comes complete with an interview script that can free a shy or self doubting user from finding and securing a best-deal mortgage.
In three days, I had my broker and my deal-a rock bottom beauty with a less than 1 per cent fee and no hidden costs...
Before I bought The Mortgage Advantage, which is saving me literally thousands in extra mortgage dollars, I was recommending the Mortgage Insiders to friends. Now, I recommend everything the site has to offer.
Rob and Terri are unique people in the business world in general, and without equal in the largely treacherous mortgage industry.
I recommend the Mortgage Insiders and The Mortgage Advantage without qualification."
Sincerely,
Michael Wrought
I just wanted to thank you and Terri for two very successful refinances. I refinanced my primary residence and a rental property with you. We accomplished this simultaneously, and everything went very, very well.
I am quite diligent when it comes to numbers and financial details. When I had questions, both you and Terri were incredibly prompt and thorough with your answers.
I very much appreciate your depth of knowledge in the mortgage industry. I originally heard you on your radio show. Being a natural skeptic I listened several times to your show and I read your book. I then researched the Yield Spread Premium amounts on my previous property acquisitions and refinances (a total of eleven of them!). And since I didn't go through a bank (thank goodness) every single one of them showed an YSP amount. Unbelievable!
I am so glad you and Terri and the aptly-named Integrity First Mortgage are out there helping those of us who, even though are very detail-oriented, still need to be shown how we are being ripped-off! I am telling everyone about you, and my sister is hoping you'll move to Oregon!
My highest regards,
Heidi Van Sickle
