loan officer: You May Need a Mortgage Loan Officer if…
- 12/07/07 07:05 AM
The final in this series designed to lighten it up a little. Here is a short list of things to watch out for when working with a loan officer. If your loan officer has any or all of these attributes you may need a loan officer: The name of their company is ABC Mortgage & Hair Cutting Emporium.Or the name of the company starts with Bob or Lefty.They promise you $100,000 cash back on all transactions.Says your 100% loan requires a large down payment.They ask you to fudge you income or employment information.Tell you if they can also be your real … (17 comments)
loan officer: More Regulation & Stricter Standards Needed For Loan officers
- 11/24/07 08:34 AM
OK, I am bracing for the backlash from that title. Those who know me know that I am not a big government kind of guy. To the contrary in almost every case I believe in less government; unfortunately not in this case. There have been several great blog posts written the last couple of days on similar topics. Rather than hijacking their posts I felt it better to write my own. CALIFORNIA SUBPRIME BORROWERS MAY GET RELIEF? - More Questions than Answers by Lenn HarleyThe subprime mantra, "Easy in.....easy out" by Broker Bryant TutasWhat Part Do Individual Markets Need to Play In Our … (34 comments)
loan officer: King For a Day Series – Mortgage Industry
- 10/28/07 07:38 AM
If I were king for a day what changes would I make to the mortgage industry to better protect the public? I have read thousands of news articles, blog posts and sat through many hundreds of hours of training and meetings through our industry. As a result I have formed some very strong opinions about changes I would love to see in our industry. I have decided to write a small series of articles that will pick on several parts of the real estate industry. First I would insert more accountability into the process. For a start I would require that each and … (74 comments)
loan officer: The Lending Industry Needs to Step Up to the Plate
- 05/03/07 05:02 AM
I was reading yet another blog post on this topic from top Realtor and blogger, Neal Bloom from Florida: WHAT IS THE USE...JUST PUT ME OUT OF MY MISERY! Neal discussed a bad transaction, that he had to deal with a bad loan officer. The responses to his post had several that were quite stimulating. Jeff Belonger a top loan officer from New Jersey weighed in heavily on the conversation. Jeff's responses give you a look at how a quality loan officer does business. I have written a few posts on this issue and have responded to more than I can count … (65 comments)
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