Dominick's Blog
With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed.
No one wants a yes man who just says they can get deals closed.
RECENT BLOG POSTS
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Im curious what are the standard fees a loan officer charges in KY. As i said i am licensed there now and when i do loans i want to make sure i am not overcharging In NY we normally charge a 495 app fee, a $595 proc fee, and a $750 closing atty fee. Depending on what we can do with the loan we wi...
04/08/2007
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It is Easter Sunday and i just checked my email to find an email from a commercial Lender i deal with saying he is lending 100% financing on commercial properties????!!!! I have never heard of such a high LTV/CLTV has anyone else ever come accross such a product? I have emailed the AE back asking...
04/08/2007
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I was wondering if anyone has ever done one of these before. I mainly do Residential and commercial loans. I have a Doctor looking to take a loan against his accts rec. acct. He says he has 4 million in accts rec and is looking to borrow against half of that. Has anyone done this type of a loan b...
04/05/2007
Think about it........ If you need legal advice you don't just pick some name out of the phone book....you consult with the atty or firm your family has been dealing with for years. It is important to have GREAT legal advice. When you or a member of your family is ill....who do you go to for medi...
04/01/2007
In the mortgage industry you have to be honest even if your honesty can cost you a deal. In recent months i have had a few deals slip away from me because a competitor has come in and offered clients either rates that dont exist or claim no Orig fee or points on loans.......Basically doing a lon ...
03/29/2007
I have come accross many realtors that dont care whom their client uses for a mortgage. If the deal goes through smooth....great. If it doesn't maybe you should have read this 1st.Realtors should care who their client uses for their home loan on the house that they are selling them well because y...
03/28/2007
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I am new to this site(as you can see i just joined 2 days ago) I have read many interesting ideas from many people from all over the country I was mearly passing those ideas along(and those ideas are basically common knowledge-not some ground breaking research) to people in my part of the counrty...
03/28/2007
With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed.
No one wants a yes man who just says they can get deals closed.