News Digest

Survey Reports Consumer Misconceptions

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A new survey indicates that many consumers are confused about various aspects of home mortgages. According to the Zillow survey, more than a third of potential buyers believed it wasn’t possible to obtain a mortgage w...

CFPB Provides Mortgage Rule Videos

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The Consumer Financial Protection Bureau (CFPB) has developed a series of videos that detail its final mortgage rules.  You can access the video presentations that provide an overview of the 2013 rules in addition to ...

Fed Maintains Low Rates Policy

Added by 2 weeks ago

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At their most recent meeting (5/1), Federal Reserve policymakers voted to keep short-term interest rates at record lows at least until unemployment drops to 6.5%, and continue the monthly purchase of $85 billion in Tr...

Originator Profiles

S. John Murray Uses Refi Niche to Achieve Superstar Success

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S. John Murray knew that there were better options than being known as “Mr. Meat,” the nickname for top salespeople at the in home frozen meat distribution company where he worked. After graduating from the Univers...

Brooks Grasso Produces Superstar Career

Added by 7 months ago

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Brooks Grasso got his start as a top producing loan originator after learning some of the sales fundamentals while working as a dairy salesman. “I sold dairy products to cafeterias on capitol hill, the Library of C...

Sales & Marketing

Helping Borrowers Overcome Credit Obstacles

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One of the challenges many loan originators face is how to help borrowers with credit issues. You know that without extra attention, credit-impaired prospects often aren’t able to obtain a mortgage. They may have a...

Enhance Your Seminars

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The best thing about hosting your first seminar is that once you’ve finished, you never have to host your first seminar again! Although having hosted one seminar doesn’t quite qualify you as an expert; you’ve made it ...

how to be found on search engines

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Because most people today turn to the internet before making any type of purchase business owners want to know how to be found on search engines. Although there are a lot of things that come into play when getting a w...

Put Ideas into Action

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Most loan originators are always looking for new marketing strategies to test, such as those discussed at industry conferences. “I have been attending self-improvement seminars of one type or another since the earl...

What’s New in 2013?

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We asked several lending professionals to share what they will be doing differently this year to expand their production and enhance overall customer service. “As an originator I am leveraging the advantage of ...

Should I have a website? (video)

Added by 3 months ago

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This question has been asked of me many times: Should I have a website since I have a Facebook page and other free social media profiles? The short answer to this is YES. I understand the question from two standpoi...

Loan Programs

New FHA Streamline Refi Program Benefits Homeowners, Originators

Added by 9 months ago

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Recent changes to the FHA streamline refinance program offer loan originators another significant opportunity to assist homeowners. If you have past customers with an FHA loan closed before June 1, 2009, you want to l...

Changes to FHA Underwriting requirements Effective April 1, 2012

Added by 1 year ago

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By Theresa Ballard The attached Mortgagee Letter 2012-3 was released late last night and contains several significant underwriting requirements.  Please read through the letter carefully.  Below is an outline of th...

HARP 2.0 – Resource Guide!

Added by 1 year ago

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HARP 2.0 – Resource Guide! Heard a lot of HARP HYPE lately? Looking for HARP 2.0 answers? Find out what you need to know now about Fannie & Freddie’s unlimited LTV refi programs, including: No re-qualifying...

Take Advantage of Enhanced HARP

Added by 1 year ago

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Loan originators striving to help “underwater” customers and prospects, and continue expanding their own business should be taking advantage of the updated Home Affordable Refinance Program (HARP). The program allowin...

Understanding the 203(k) Streamline Loan Process

Added by 1 year ago

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Planning and communication are important for all parties involved in the 203(k) process. This example provides a guideline to the process on a Streamline 203(k) loan. The focus of this article is based on the Streamli...

203k Loan program Benefits Borrowers and Originators

Added by 1 year ago

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Leesa Sandoval and Jonathan Blackwell know how valuable the 203K loan is for prospective homeowners—who want a single loan to purchase and renovate their house—and loan originators striving to expand their customer ba...

Networking

Why Do People Resist Networking?

Added by 4 weeks ago

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Every year, there is more evidence of the success people have when using networking activities to help grow and promote their businesses. This is thrilling, but many people— for some reason or another—continue to resi...

Holiday Party Networking Opportunities

Added by 6 months ago

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The holiday party is a great time to meet people but… you should have a plan!   Everybody goes to parties, and the holiday season is full of them—from now through New Year’s Day. It’s also a business slowdo...

Expanding Your Network with BNI

Added by 10 months ago

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All loan originators wish they had more referrals and expanding your network is one proven way to develop a strong referral pipeline. Participating in a referral group such as BNI is a key strategy that has worked for...

Premature Solicitation

Added by 1 year ago

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by Dr. Ivan Misner Has someone you didn’t even know ever solicited you for a referral or business? I call this “Premature Solicitation.” (Say that fast three times and you might get in trouble!) I’ve been a victim...

Learning Networking Skills: Organized Study vs. “Winging It”

Added by 1 year ago

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By Dr. Ivan Misner My colleagues and I, as co-authors of my most recent book (Business Networking and Sex – not what you think), thought that it would be interesting to see if men and women learned how to network d...

Holiday Party Networking Opportunities

Added by 1 year ago

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By Dr. Ivan Misner & Ed Craine The holiday party is a great time to meet people but… you should have a plan! Everybody goes to parties, and the holiday season is full of them—from now through New Year’s Day....