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Contributed by The National Mortgage News The new Mortgage Disclosure Information Act is prompting many lenders to lean hard on their document preparation providers to help them comply through automation. MDIA is a huge catalyst in the process of furthering marketwide e-disclosure adoption, according to Don Iannitti, president and CEO at DocMagic. “DocMagic [...] Please be advised that due to the number of individuals using the same log on information to pull Desktop Originator (”DO”) from our corporate account we have been forced to disable the corporate account effective Friday, 8/28/2009. In the future FNMA will issue individual user ID’s for each employee. Please call AMB’s IT Department for [...] June Fletcher wrote a great article for The Wall Street Journal offering tips on how to take better photos of homes. The story is very useful to real estate agents and FSBO’s. Help out your sellers and agents by pointing them here. Here is a reprint of an article based on a story from The [...] Contributed by the NAMB On August 21, 2009, the recently appointed Federal Housing Administration (FHA) Commissioner David Stevens met with leaders of the National Association of Mortgage Brokers (NAMB) to discuss mortgage broker participation in the FHA program. Stevens has a long history of working with mortgage brokers in private industry. The meeting was very positive [...] It took me less than 10 minutes to create this home video. How do you think your real estate agents would respond?
Sol Nicoletti wrote to ask: Hi all! I am going through my pipeline and prospect folders now to move old files to the withdrawn folder. If possible PLEASE don’t move my files. I will be glad to make any changes that need to be done. Please note, that sometimes I may work with a borrower [...] Contributed by Garrett A. Foster, Compliments of the Orlando Sentinel Meet fictional 34-year-old identical twin brothers Fred and Ted. Reuters reported on August 14 that the Federal Deposit Insurance Corporation (”FDIC”) will take Colonial Bank Group into receivership and sell the bank’s assets to BB&T Corp. This would be the largest bank failure since Wachovia Bank was put into receivership last September. Apparently BB&T Corp. did not acquire any assets and [...] Contributed by brad Finkelstein, Compliments of Broker Universe Many people associate the Internet with the Wild West – a lawless place where almost anything goes, including trampling over copyrights. In reality, said several experts on the topic, that is not the case. Furthermore, be careful, what you post on a social network site can come [...] Contributed by Ameen Kamadia Interesting question. And the answers will surprise you.But before I give you the answers, what do you think are the main reasons people choose a mortgage lender? Come on, think a little.I asked a few brokers in my office, and here were the top three responses: Lowest rate/fees What are your top [...] |
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