How to Avoid Fraud in Mortgage Loans There are different kinds of frauds, namely, appraisal frauds, occupancy frauds, identity frauds, and others. Mortgage fraud involves giving out any information that misrepresents or denies the truthfulness of an identity or information. Mortgage frauds may involve a couple of entities during the loan transaction, from loan borrowers [...]
How to Fix the Mortgage Business Mortgage is the term used to mean an agreement which allows someone to borrow money from a bank or organization in order to buy his needs. The mortgage is a security for the loan that a lender provides the borrower. So to start a mortgage business you have to [...]
An After-closing Letter That Asks for More Mortgage Referrals Let your customers know that the best compliment they can give you is a referral. Here is a sample follow-up letter (I pulled out of my personal files) you can use with customers who have recently closed a loan with you. You’ll see that it [...]
How to Plan your Year as a Loan Officer in the Mortgage Business Every year around this time, my business increases. Loan officers, mortgage brokers, and branch managers–in a flurry to set goals and make resolutions for the New Year– look for training services to improve their skills. They have high expectations for the year [...]
What Mortgage Industry Insiders Read to Stay Up to Date in Their Business Keeping up-to-date on everything going on in the mortgage industry can be a daunting task. With all of the coming changes from HUD and RESPSA, staying aware of rules and regulations is not only a necessity—it’s an absolute must! You do not [...]
Two Ways to Start your Own Mortgage Company From Someone Who?s Been There and Done That One of the most frequent questions I get asked from loan officers is, “How can I go out on my own and start my own mortgage company?” Often times, the person is sick and tired of low-commissions, office politics, [...]
Mortgage Companies and Brokers Can Originate Nationwide and Maintain Their Current Business Net branch. Bank Branch. These topics are on the minds of most originators these days due to the internet and technology expanding the reach of the geographic restrictions that originators may have once found limiting. The 50 state lending program is a program [...]
Free Home Buyers Workshop To Be Held April 22 At Advanced Mortgage Services In Plymouth, Ma DATELINE: PLYMOUTH, MA… A free educational and informative Home Buyers Workshop will be held at Advanced Mortgage Services, 25 Main Street in Plymouth, MA on Thursday April 22 from 6:30 p.m. – 7:30 p.m. Reservations are required and can [...]
Carol Nemet Curran Named Loan Officer At Advanced Mortgage Services DATELINE: NORWELL and PLYMOUTH, MA… Advanced Mortgage Services recently announced the appointment of Carol Nemet Curran as a Licensed Loan Officer. Advanced Mortgage Services, with offices in Norwell and Plymouth, MA, is a full service mortgage company offering a wide range of financing programs tailored [...]
Bad Mortgage FAQ Can I run over a mortgage near discouraging credit?Help! My husband and I are renting a home and we are totally in love with it. The owner of the home is anxious to supply it but we have really bad credit (low 500′s). He mentioned conceivably the bank just removing… Can i [...]
