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FHA and the new trend

By rich sinatra

Services for Real Estate Pros with amotec

May 12, 2008 12:09 AM

I often speak with loan officers who are eager to share with me their thoughts on FHA lending programs, and I have become so surprised by the number of lenders/brokers that do not offer this fabulous product. FHA loans are a trend that is sweeping our nation's housing market and it is showing no signs of slowing down in the imminent future. Not only does my client offer competitive FHA pricing, they whole-heartedly encourage their loan officers to further specialize in this emerging lending strategy.

The U.S. Department of Housing and Urban Development recently announced an increase in the maximum FHA mortgage amount for single family homes. For the state of Virginia, this amount is now $200,160...up above the previously implemented figure of $172,632 from 2005. Normally, FHA loan limits follow median home prices. However, HUD has made this move in an effort to provide FHA financing to a greater number of potential home buyers. As many mortgage programs are being eliminated, or become more difficult to obtain, FHA financing becomes a welcome light at the end of the tunnel. My client's FHA financing offers a fair and reasonable approval process, plus great rates & terms. By increasing the maximum loan size, more homes are being made available to a larger group of potential homebuyers. This is just what the doctor ordered in this challenged market!

If you are a mortgage banker from the Mid-Atlantic and FHA has become one of your niche products, I'd love to chat with you regarding your thoughts and feelings on this product or any other specialized area of interest. From FHA to 1^st time home buyers to renovation financing, I am certain my client can equip you with the best of what this market can offer.

Thank you and I look forward to hearing from you soon!

Julie Moran-Salvo

440-250-4600 Ext. 5235

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Anonymous

Julie is a "head hunter" for AMOTEC staffing company out of Ohio. She solicited a mortgage company in Rockville today and tried to recruit it's Loan Officers. Beware of Julie because she will be calling your Loan Officers to try and recruit them for National City Mortgage. Julie, there are more ethical ways to recruit like using this BLOG forum, advertising, and through client referrals... you know, the same way everyone else has to do it, no matter what business they're in.

Aug 13, 2008 01:53 PM

Rich Sinatra, Amotec

Our business is that of recruiting loan officers for Clients in the Northeast and the MidAtlantic. Using the blog forum is only one of the ways that we recruit for our client base. We utilize the phone, email, referrals, and Direct marketing campaigns. I still do not see the problem that you perceives with a recruiter reaching out to you. Have you not been contacted by the recruiters from Wells Fargo, JPM Chase, Bank of America, and SunTrust. If you have been, you should be feel good about the fact that recruiters are contacting you about other opportunities in the industry. Believe it or not, we are met by (probably) a 90% success rate of people who are not nessecarily in the market place but are always willing to chat about the new venue.

I have no idea why you should feel threatened our calling and talking with you. If there is a misconception about what a headhunter does for a client, I would be happy to talk wioth you about our services and even let you talk with past clients that we have worked with. I look forward to a response and have listed my name and number below.

Rich Sinatra

Executive Recruiter
Amotec Inc

440-250-4600 ext 5236

Aug 14, 2008 12:17 AM

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