Here is an account of a loan transaction recently closed by Sol Nicoletti, a Tampa manager. I want to extend my appreciation for her sharing this story with us.
Sol’s client bought a home from a business owned by J.C. (name not disclosed because facts have yet to be verified). My research revealed that JC is [...]
I wrote this story about five times before clicking the send button. I didn’t want to come across as someone who didn’t think current conditions of the economy were something not be concerned with or things that would pass quickly. Nor did I want you to feel that I thought the mortgage broker industry was [...]
AMB Introduces Gold, Silver and Bronze Lending
Effective March 2, 2009 AMB has elected to do away with Special Policy loans as they pertain to working in another state. Our new philosophy is to divide lending practices into three classifications: Gold, Silver and Bronze.
Gold Loans
Loans that your branch is licensed to originate and that you personally [...]
My second edition of the AP isn’t getting out as early as I had hoped. I think it’s time I made an executive decision: Going forward the date of the weekly AP will be for Monday instead of Friday. This way I can work on the AP over the weekend and you can have it [...]
When asked, are you prepared to answer the question, “Why should I buy now?” If not, here are five great reasons your clients should get off the fence and act now.
You need to be in a position to encourage your borrowers to buy NOW! Buying a home is a great deal for them, creates income [...]
Contributed by Chip Cummings, Compliments of Ellie Mae
With the world seemingly crashing in around our industry, it’s easy to get caught up in all the media hysteria that is pounding away at us every day. Foreclosures at a record high; economy in the tank; lenders going under (or at least hiding); and [...]
I hope your 2009 is off to a great start.
If there is one thing I think everyone in our industry can agree on, is that we’re happy 2008 is behind us and we are hopeful for a better 2009!
We here at Ellie Mae are dedicating ourselves even more this year to making that a reality [...]
The U.S. economy has put most of us on financial lockdown, but one subset of the population is enjoying a free and easy lifestyle at our expense: mortgage fraudsters.
The most recent report from Mortgage Asset Research Institute (MARI) on suspected mortgage fraud showed that nationwide such reports were up 42 percent in the first quarter [...]
For those of you that watched Jim’s video message I am sure you join me in wishing the Marks family much successful and enjoyment as they plan a future away from AMB. So after nine great years it’s time to wish Jim and Suzanne the best!
View Jim’s message.
View my message.
If I were in your shoes, [...]