nmls: What do you know about your Loan Officer? - 02/24/14 10:04 PM
What do you know about your Mortgage Loan Officer?
All Mortgage Loan Officers are required to register with the Nationwide Mortgage Licensing System (NMLS) & Registry. The Registry assigns each Loan Officer a unique identifier number that stays with them throughout their career. Using this number you can review professional background information for a Loan Officer through the NMLS database prior to doing business with them.
The display of an NMLS number tends to lead most people to believe all Loan Officers are licensed. This is far from the true. Only about 20% of Loan Officers are actually licensed, the rest … (0 comments)

nmls: What do you know about your Mortgage Loan Officer? - 11/24/11 12:51 AM
What do you know about your Mortgage Loan Officer?
All Mortgage Loan Officers are required to register with the Nationwide Mortgage Licensing System (NMLS) & Registry. The Registry assigns each Loan Officer a unique identifier number that stays with them throughout their career. Using this number you can review professional background information for a Loan Officer through the NMLS database prior to doing business with them.
The display of an NMLS number tends to lead most people to believe all Loan Officers are licensed. This is far from the true. Only about 20% of Loan Officers are actually licensed, the rest … (3 comments)

nmls: Is your Loan Officer Licensed, or simply registered? There is a BIG difference YOU need to understand - 09/20/11 02:02 AM
Is your Loan Officer Licensed, or simply registered? There is a BIG difference YOU need to understandRecent changes to the lending industry requires all loan officers to have a tracking number, known as an NMLS number (Nationwide Mortgage Licensing System and Registry). It should be displayed on their business cards, E-Mail, web sites, all correspondence, and most loan documents.
The display of the NMLS number may make many believe the Loan Officer is licensed. Sadly, this isn't true, and working with an unlicensed, untrained Loan Officer can cause you many headaches and hassles.
Simply put, Loan Officers at Banks, most … (6 comments)

nmls: Are you working with a licensed or un-licensed Loan Officer? - 07/09/11 02:01 AM
Shopping Around for the BEST Mortgage Interest Rates and Lender?
Let me ask you one question. Who would you prefer handling your largest single financial transaction?
1) A Licensed Loan Officer 2) An UN-licensed Loan Officer or call center clerk
The answer is clear... Now learn the difference between them.
LICENSED versus UN-licensed loan officers? Who are you working with?   Since January 1, 2011 all NON-bank Loan officers across the county have been held to a strict licensing standard (SAFE Act). An absolutely ridiculous exemption in the consumer protection laws allows all Banks Loan Officers to have different rules.  Well, … (1 comments)

nmls: Shopping Around For A Mortgage Lender? Four questions to ask. - 05/26/11 05:42 AM
Shopping Around For A Mortgage Lender? Here is THE INSIDE SCOOP on how to IDENTIFY A PROFESSIONAL MORTGAGE LENDER, BROKER, and LOAN OFFICER HERE ARE FOUR SIMPLE QUESTIONS your Loan Officer absolutely MUST be able to answer CORRECTLY. IF THEY DO NOT KNOW THE ANSWERS - RUN, DON’T WALK RUN TO A LENDER THAT DOES! 1) What are mortgage interest rates based on? (The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move … (0 comments)

nmls: Bank Loan Officers FINALLY REQUIRED To Register - 07/29/10 03:47 AM
BANK LOAN OFFICERS REQUIRED TO REGISTER
Loan officers at banks will now be required to register, and provide their names and fingerprints to a national loan officer database as part of an effort to crack down on shady operators who were part of the mortgage meltdown.
The new requirements were actually mandated by a bill passed in congress over two years ago, but Federal regulators just approved them yesterday (Wed July 28th). The rules apply to employees of banks regulated on both the state and federal level. Mortgage brokers and non-bank lenders are already required to be licensed by the system.
(5 comments)

 
Joe Metzler, Sr Loan Officer (Cambria Mortgage)

Joe Metzler

Sr Loan Officer

Saint Paul, MN

More about me…

Cambria Mortgage

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Mobile: (651) 705-6261

Office: (651) 552-3681

Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.


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