Loan Think

Dealing with other income when it comes to underwriting loans and proving the borrowers' ability to repay.

Any salesperson will tell you that conversion is the key to success, but few are good at ensuring that it happens without a well-developed sales process.

Ann Thompson intimated that she works almost exclusively with mortgage lenders and servicers examining their prioritization process to assess risk.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.

This is an opportunity to ask your clients for referrals, not just for you but for your Realtor partners as well.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

If you look on the bright side, you will realize that this year has all the makings of a potentially incredible year.

There ought to be some flexibility to allow negotiated loan fees. But in these highly regulated days, nothing is easy.

Now that Jan. 10 has arrived with its many new regulations, some loan officers are thinking about whether they should stay in the mortgage business. There are other issues, however, that they should be thinking about as well.

The agency is reportedly auditing a number small lenders and brokers for compliance.