Loan Think

Just because you are a people person, it doesn’t guarantee sales success.

A different compensation structure is possible if broker products fill in gaps banker loans fail to fill and there are careful written policies in place that cover compliance concerns.

The lender paid a $7.5 million fine in July for violating the do not call list regulations and that might have had more to do with its shutdown.

The Homeownership Protection Program is funded with money from the national mortgage settlement to help people avoid foreclosure.

Originators can't divide annual income by 12 to see if the borrower qualifies for a loan.

Mortgage firms are in fight or flight mode as they plan either to comply to an avalanche of new regs or be acquired by other companies.

Brokers need to take pride in their business and protect it.

The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.

An additional role brought to light by the housing crisis was the need to prevent foreclosure and administer the Hardest Hit Fund.

Some policies only allow a one-year window to challenge claims decisions after an event has occurred.