Mortgage Pro Week In Review--1/28/2008 Through 2/03/2008

Mortgage and Lending with SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) NMLS 223495

Useful.  That's the highest compliment I can pay to a professional who gives me advice.  When Jeff Belonger asked me to take the reins of the Mortage Pro Week in Review for this past week, that's what I went looking for--posts that are useful to the general public--those people we hope will find us in their Google Search.  Not every post I've included has a zillion comments.  Not all members post to Groups.  But all have something useful for you.  Take a look in this week's Mortgage Pro Week in Review.

 I clicked on Localism's home page, and there, under Featured Articles, was Joan Rogliano's article: Is My Ex Paying the Mortgage? That's a useful thing to know.  I receive referrals from a local attorney because I helped a client of his who was in the position of the woman about whom Joan was writing.  Just because the court says so doesn't mean that the mortgage will be refinanced.  Thanks for posting, Joan!

Ed Nailor nailed it when he gave permission to any and all to link back to their own websites in his post Converting web visitors to leads - Mortgage Sites  (Members Only.)  I'm big on always including a Call to Action in any post intended for your target market.  Ed points out that while real estate agents often do this, we mortgage types are much less likely to do so.  He makes a generous offer.  Take him up on it.  And while you're at it, feel free to do what he's suggesting when you visit my blog.

As I browsed posts by mortgage people, I was surprised at how few authors directed mortgage-related posts to their audience.  Not Wendy!  Wendy Abner is direct and to the point in her post What every consumer needs to know RIGHT NOW! all of my clients, friends and family to ensure their best interests are taken care of - Their financial future! 

I'd venture that most of us don't work the circle that's closest to us for one reason or another.  It's a mistake, IMHO.  I found Wendy's post because she included it in the group By Referral ONLY active Rain Makers!!   If you don't know who Joe Stumpf is, check this group. 

 Do you want to start a seminar?  I do.  Ken Cook shares his method (one he's perfected with his group since 2001) in his post Seminar: Home Buying Without Fear In A Confused Market.

I'm subscribing to his blog on the basis of this post.  Here's an excerpt:  The media only reports the most exciting part of anything they are reporting on. If they are doing a story on abandoned puppies they want the one with the most bandages. If they are doing a story on foreclosures they want to find a street with 6 boarded up houses in a row and they don't care if they aren't really foreclosed they just want boarded up houses even if they are houses recently purchased to be torn down...

 Bill Archambualt and I will both turn 60 this year.  Some things never change: Standing Before The Bar / Why I Hate Applying For A Loan / Nothing Has Changed is worth reading from the standpoint of your customer.  Bill's last paragraph gives five questions for the borrower.  As I read them, it made me reflect on how my clients perceive me.  Here's question number five:  Lastly, you're the judge, is the originator worthy of your business?

Kris Krajecki has an idea to improve your business.  Did you miss the 36 hour Refi Boomlet? asks the question, and gives you a little plan to capitalize on the little boomlets that will show up this year, and will likely evaporate just as quickly.  We've had three of these in the last five months.  If you didn't make money each time, read Kris's post.

Not may posts are written on financing for the Rehab Investor.  As a builder in a past life, I perk up when someone writes for the Rehab Developer.  This may not be you, but it very well may be a market that you could cultivate if you knew how.  Jason Sardi's post is very useful in that regard.  The Truth About REHAB...... has nothing to do with Brittany Spears.  LOL

I love this part of Jason's last paragraph: The thing that isn't often mentioned with Rehab Loans is the real value. ...there is another very tangible benefit deeper than just financial rewards.  Revitalizing properties help the growth and health of the community.  It's a Win-Win proposition and that's what any successful Real Estate Transaction is all about.

  Every day needs a little humor and inspiration.  Eleanor Thorne provides both in her post Durable Goods Strong.  Eleanor's motto must be "Let me show you the money!"  (The figure on the right is not Eleanor; it's part of the cartoon in her post that had me in stitches.)

Jeff Belonger is the brains behind The Mortgage Pro Week in Review, but that doesn't disqualify him from appearing here.  The post Mortgages & Real Estate -- Consumers need to be aware of these Red Flags !!!!! is very useful, especially for the public who read our scribblings.  For this post only, Jeff encourages you to copy and use it in your business.  Read the post for the full offer.  You'll find it useful.

A lot of us have been feeling the pressure of a negative press when it comes to our chosen profession as lenders.  Mike in Tucson (yours truly) wrote a post in response to a rant about why the government isn't kicking butt and taking names.  "Daddy, Make Him Stop!" Why Uncle Sam Isn't the Answer in a Free Market goes back to the roots of why we have a government, and what it's role ought to be in our lives, especially as professional lenders.

Do you want Uncle in the mortgage or short sale business?

Last, but not least, is a post by Tom Brady.  That's him to the left.  In his spare time, he's a mortgage originator.  Don't believe me?  It's right in front of you in black and white, so it must be true. 

Mike Mueller's post The Patriots WIN the Super Bowl! is a must read, even if it did slip into the next week.  (Ron Averni probably wouldn't have featured it anyhow.  LOL)

Mike in Tucson
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona

The next 3 members : 

1.      Ron Avneri            02/04/2008    through    02/10/2008

2.      Don Draughn        02/11/2008    through    02/17/2008

3.      Eleanor Thorne     02/18/2008    through    02/24/2008


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Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Mike, More and more I'm relying on you to do the hard work for me.

Bill Roberts

Feb 04, 2008 12:12 PM #13
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


It's good to see you!


You're welcome!  Thanks for stopping by to comment.


I'm predicting 30 year fixed in the 4.75% range before election day.


You'll enjoy these posts.


I slept like a baby last night.  Let's get together for coffee; I have a new coffemaker at the office.


It's better than watching late night TV!  LOL


You wrote.  I just published.  The author does all the work.


Hey!  Welcome back, stranger.  LOL  You're going to like what you read.


I agree with your assessment of the second generation of Thorne lenders.  I subscribe to her blog.

Mike in Tucson 

Feb 04, 2008 12:12 PM #14
John Hurbon
Homesmart International Tucson,AZ - Benson, AZ

Dear Mike,

The thing I love about your blog is that it always shows how much you care about the success of others.



John Hurbon

Living Proof Of Your Support

Try to Google   Benson Horse Property...  Today ...  Thanks again Mike In Tucson

Feb 04, 2008 12:18 PM #15
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Mike... this is excellent. Thanks for doing this, especially for the fact that I only read 2 of these. But so much to read. On another note, thanks for the honorable mention also. Again, thanks for doing this.

jeff belonger
Feb 04, 2008 12:39 PM #16
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


It was a pleasure; we have such talent here on Active Rain, and I appreciate learning from my peers.


Thanks for your comment.  I subscribe to the philosophy of BNI International's Ivan Meisner:  "Givers Gain."

Mike in Tucson


Feb 04, 2008 01:55 PM #17
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ

Thanks Mike for this great group of links. I'm looking forward to finding some more good people to subscribe to for good information.

It looks like it snowed down your way today, huh?


Feb 04, 2008 03:02 PM #18
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


It sure did! I took this photo at 6:30 p.m., leaving my office parking lot.  That's the intersection of Country Club and Ft. Lowell.

Mike in Tucson

Feb 04, 2008 03:15 PM #19
Matthew J Blum - (retired from the business)
Palm Beach Gardens, FL
Mike, Great Mortgage Pro Week in Review. I know I missed some of these posts. Looks like I have my reading cut out for me.
Feb 04, 2008 10:16 PM #20
Don Draughn - Mortgage Professional
High Point, NC
Great post Mike.  Thanks.  I look forward to reading each and every one of the posts you highlighted.
Feb 05, 2008 12:07 AM #21
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058
Dude!  Excellent stuff - appreciate being included in such an honorable group!  Guess Brady's business with the boomlet too! (LOVE that term!)  Figured I'd see you on TV at the SuperBowl festivities?
Feb 05, 2008 12:22 AM #22
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


We're quiet homebodies down here in Tucson.  We rooted for the Giants from our sofa while eating nachos with jalepenos.


Thanks for commenting.  It was fun.


Get crackin'!

Mike in Tucson

Feb 05, 2008 12:25 AM #23
Matthew Rosov
Amerisave Mortgage Corporation - Laurel, MD
Certified Mortgage Planning Specialist
Thanks for being the contributing editor on this.  Helps to know whom to go back and read or even re-read!
Feb 05, 2008 12:25 AM #24
Karl Burger
ERA Beach Ball Realty - Pensacola, FL
Pensacola Real Estate News
Thanks so much for the list of great articles from the past week. It is hard to keep up with all the good articles posted on AR, so this helps a lot. I really appreciate the effort.
Feb 05, 2008 01:41 AM #25
Mike Mueller
Tech and Social Media Consultant - Walnut Creek, CA

Mike  - Thanks for the mention. I had written that post weeks ago in two versions and was prepared to post it either way it went.  More cunning than the post itself was your lead in.  Thanks for the mention!


Feb 05, 2008 02:34 AM #26
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate
Thanks for your time and effort on this, Mike! With all of the uncertainty in today's market, it's nice for agents to have a collection like this to refer to so we can have some perspective when we're working with buyers.
Feb 05, 2008 02:52 AM #27
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital
Mike, that's a lot of reading!  Thanks for such a great summary.  I had originally missed all but a couple of these.
Feb 05, 2008 07:25 AM #28
Christy Powers
Keller Williams Coastal Area Partners - Pooler, GA
Pooler, Savannah Real Estate Agent
I always love the mortgage review. I never seem to see half the posts that get highlighted. I had to read the Patriots WIN the Super Bowl. 
Feb 05, 2008 01:20 PM #29
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

placeholder for returning comments

Mike in Tucson

Feb 05, 2008 01:50 PM #30
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People
Mike, I've got a new coffee maker at my office too:  it is a Kent!
Feb 06, 2008 12:23 AM #31
Cheryl Hale
SMP Mortgage, Inc - Plymouth, MI
Mortgage Loan Originator NMLS#276668


Nice job, thanks for the hard work. It's hard to stay on top of all the great posts and nice to have them in one place.

Feb 07, 2008 12:04 PM #32
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