The rise of Non-QM Loans

By
Mortgage and Lending with PS Mortgage Lending 305-791-4874 or 888-845-6630 365768

As a mortgage lender, I have always viewed Non-QM Loans as a great opportunity for people to receive a loan that doesn’t include all of the confusing and time spending rules a regular QM loan requires.

 

In previous years, (viewing them on a much higher scale) Non-QM hadn’t reached the popularity that people like me expected, most of us being non-bank lenders or small service providers. In recent years, we’ve seen our expectations come to fruition as Non-QM starts to gather popularity, even starting to compete with other types of popular loans like the FHA and the VA loan.

 

With this increase in popularity comes a time for adjustment.Technology has risen up to the task of providing users a more practical and better interaction with all kinds of products, be it a simple task like ordering food online, getting a cab, or even selling your own house with a click! (That last one having some pros and cons...)

 

Look at new software and app examples, “Closing Scheduler” is an app that lets the originator choose closing date and time in a matter of minutes (after the loan is cleared to close, of course). There’s no more need to go back and forth through the involved parties, this makes the whole process a breeze.

 

We are looking at a new type of technology, one that’ll help originators as well as customers, we’ll be able to breach the gap between disinformation and time consuming processes, making Non-QM loans a top seller giving the chance to originate better and plenty Non-QM loans. The future of Non-QM is here, and it will make a big (hopefully effective) change on the way we mortgage lenders do our business.

 

 

Posted by

 

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Information and content in this blog is original to Phil Stevenson

Please click the "SUBSCRIBE TO MY BLOG" button on the right, and receive more Traditional and Reverse Mortgage information in Florida and other parts of the US & Puerto Rico.

 

Phil Stevenson

PS Financial Services

Owner and Principal Mortgage Originator

Certified Reverse Mortgage Professional (CRMP)

LO #365768

NMLS #968090

Cell: 888.845.6630

Miami Mortgages & Florida Mortgages

Copyright © 2013 by Phil Stevenson & PS Financial Services, LLC

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Tags:
zillow
lender
loans
closing
mortage
non qm

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
264,876

Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas
Ask Me About the NEW Reverse Mortgage Program!
*
*
*
*
Spam prevention