Loan Think

A convicted financial crime felon, whose conviction has been widely reported in the press and which is known to every person working on the NMLS, submits an MU form and applies for a state MLO license.

The Consumer Confidence Index rose in February to its highest point in three years, which means Americans are feeling more optimistic about their income prospects and the direction the economy is headed – but will this newfound "happiness" translate into increased business for mortgage bankers and Realtors?

Many sales trainers talk about utilizing time management philosophy and techniques in order to maximize your productivity. But Anthony Signorelli begs to differ.

This past week Karen Sibayan of our staff broke the news about Redwood Trust’s second jumbo deal. But there's an interesting follow-up to the initial news that has not been reported on.

Next week Fannie Mae and Freddie Mac are expected to report their fourth quarter results – and no one (as might be expected) is looking for a blow-out quarter. Over the past year there's been plenty of chatter concerning when these two might (if) return to profitability.

Question: I am having a hard time getting repeat business from real estate agents and builders. My loans take too long and my customers are very unhappy with me. I want to build my repeat referral business with agents and builders, but they are not willing to give me another try.

As we all know, the "sand states" (Arizona, California, Florida and Nevada) have residential delinquency rates in the nosebleed territory, but guess which state is the subprime late payment king? That distinction belongs to Mississippi, which according to the Mortgage Bankers Association, has a subprime (FRMs, that is) total past due rate of 32.61%.

It’s been said that if you get four leads (phone calls, pre-apps), three of those leads will take anywhere to three to six months to buy a home (or refinance). Out of those three leads, 90% of them won't end of doing business with you!

Kondaur Capital let go almost 40% of its workforce on Monday, citing a lack of available product to purchase. The product in question is nonperforming residential loans (NPLs).

In our past few articles, we have been discussing the one sentence that will generate more clients for you. Here’s the sentence: People will do anything for those who encourage their dreams, justify their failures, allay their fears, confirm their suspicions and help them throw rocks at their enemies.