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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

“I just closed two or three transactions with VA loans in 21 days, so you can’t tell me that we can’t close in under 30 days,” said San Diego-based Compass agent Todd Armstrong. Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender.

Clients 393
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The fight to standardize educational training for LOs

Housing Wire

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 378
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

The mortgage loan officer handling the loan? In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Motivational books and recordings help you stay up when business is stressful. Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

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Bridging the gaps in the home buying process

Housing Wire

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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The jumbo market is up for grabs (Part II)

Housing Wire

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. The loans themselves are… really creditworthy and being marked.

Marketing 361
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Fannie Mae vs. Freddie Mac

Assurance Financial

By doing so, Freddie Mac helps to ensure that there is a steady flow of funds available for mortgage lending, which in turn helps to keep interest rates stable and affordable for homebuyers. Visit the Fannie Mae Loan Lookup tool or the Freddie Mac Loan Look-Up tool on their respective websites.

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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. Read many tips in this article, including motivational books and recordings, becoming an optimist, stages of adjustment to change, and many more ideas.