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"Mortgage Broker"
I recently had a couple of reminders about how important it is to meet our clients’ needs. Those of us in the service business need to remember that it is the clients’ perspectives that are most important, not necessarily our point of view. The first reminder came the last time I was getting my hair [...]
Continue Reading →First the News! We finally got word today from one of our lenderswith whom we broker loans that they will startaccepting registrations for the new conforming-jumbo loan limits to $697,500 in San Diegobeginning April 27. The conforming limit is currently $417,000.The Economic Stimulus Act of 2008 allowed FHLMCand FNMA to purchase loans up to $697,500 [...]
Continue Reading →As a mortgage broker, I have access to lenders andprograms that you as a borrower are unable to findon your own. For the most part, many of the big lenders that havea local presence allow us to represent their loanproducts as well. When you apply to the local lender, you are puttingyour eggs in that [...]
Continue Reading →As a mortgage broker, we are able to get approved with manydifferent lenders to represent their product lines to our clients. With few exceptions, we can place loans with all the majorlenders that have an “office on the corner”. Wells Fargo,Chase, Citimortgage, Washington Mutual and Countrywideare among those large companies. There are also many lenders [...]
Continue Reading →Because of the problems that contributed to the “sub-prime” crisisand have a large number of borrowers facing default and foreclosure,the House passed bill 3915 in an effort to limit abuses and badbusiness practices in the mortgage industry. The proposed legislation would include: – Require a nationwide licensing system for mortgage brokers and bank loan officers [...]
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