Loan Officer Job - WA - Posted 1/14/09
Loan Officer - WA Post Date: Jan 12, 2009 Type: Full time Start Date:ASAP Salary: (Verify your salary with Salary.com) ... Reference:MH768-77 Job Description: Experienced Loan Officers in all regions in and around Bellevue ... ? I invite you to take a look at the Loan Officer Deal Points for the new Liberty Financial Division [more...]
Date: 2009-01-14 20:07:22
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Loan Officer Job - North Carolina - Posted 1/14/09
Loan Officer Post Date: Jan 12, 2009 Type:Full time Start Date:Immediate Salary: (Verify your salary with Salary.com) ... : Retail Loan OfficerAs a Retail Loan Officer, you will be offering FNMA/FHLMC products, Jumbo, FHA, VA and USDA/RHS mortgages. We are seeking expansion in all licensed areas. Green Planet Mortgage [more...]
Date: 2009-01-14 19:13:21
Loan Officer Job - Cleveland/Akron, OH - Posted 1/14/09
Company: freedom financial mortgage corporation Job Title: Loan Officer Job Category: Finance/Banking Job Description: Earn 100% commission. We will set you as a virtual office in our organization. Will offer support and one on one help. Must be a seasoned loan officer that can fully self sufficient. We offer FHA,VA. Conventional [more...]
Date: 2009-01-14 18:34:49
The Challenge Is Prices Got Stupid
The Daily Astorian reports from Oregon. “An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and ... Joe Schulte, VP of Compass Community Bank in Seaside, said subprime loan programs were available ... as the loan criteria change each day. ‘Loan officers have to be ahead of the curve,’ he said. ‘There’ [more...]
Date: 2008-10-07 17:26:52
Start 2009 by recognizing the unrecognized
Rhonda has a post over at her Blog regarding the low interest rate environment that prevails today ... into the office to work on transactions so that loan officer and agents transactions closed on time ... . Rates under 5% are hard to believe even for very seasoned agents, loan officers and those [more...]
Date: 2009-01-07 05:11:57
WaMu
by hilzoy A story about WaMu from the NYT: "WaMu pressed sales agents to pump out loans while disregarding borrowers' incomes and assets, ... you a loan." Here's a charming anecdote: On another occasion, Ms. Zaback asked a loan officer ... , she was told the balance was only $5,000. The loan officer yelled at her, Ms. Zaback recalled [more...]
Date: 2008-12-28 07:19:22
Retail Loan officer - North Carolina - Posted 1/13/09
Post Date: Jan 12, 2009 Type: Full time Start Date: Immediate Salary: (Verify your salary with Salary.com) ... : Retail Loan OfficerAs a Retail Loan Officer, you will be offering FNMA/FHLMC products, Jumbo, FHA, VA and USDA/RHS mortgages. We are seeking expansion in all licensed areas. Green Planet Mortgage [more...]
Date: 2009-01-13 16:13:23
Real Estate Sellers Giving A Buyer Cash Back is Defrauding the Lender
When we sold our home just over a year ago we were talked into selling for a bit more than the original offer so the person could get money back to ... other reason to object, after all, if the loan officer was willing to loan that much money ... in order to persuade a lender to make a loan they would not otherwise make is a textbook case [more...]
Date: 2008-11-22 16:31:03
Senior Loan Officer sentenced in Mortgage Fraud scheme
US Attorney’s Office FOR FURTHER INFORMATION CONTACT AUSA VICKIE E. LEDUC or MARCIA MURPHY at 410-209-4885 September 21, 2009 FOR IMMEDIATE RELEASE http://www.usdoj.gov/usao/md SENIOR LOAN OFFICER SENTENCED IN MORTGAGE FRAUD SCHEME THAT TARGETED VICTIMS THROUGH LOCAL TV ADS Greenbelt, Maryland – U.S. District Judge Deborah K. [more...]
Date: 2009-09-22 15:30:35
Loans Not Funded
I got a question about "what does it mean if my loan is not funded after right of rescission? ... insurance. Every once in a while, a good loan officer will get a subordination moved to prior to funding ... back with a score that no longer qualifies under that program. These are not the loan officer's [more...]
Date: 2008-12-26 14:57:46
Why You Should Not Refinance Just to Lower Your Payment
I keep talking with people who don't understand that a higher interest rate on a refinance can result in a lower payment even though the cost of ... (or a House) Based Upon Payment. There are all kinds of games lenders and loan officers can play ... loan five years ago for $300,000 at 6% on a thirty year fixed rate basis. Your payment [more...]
Date: 2008-10-18 14:47:33
The Garrett, Watts Report (November 4, 2008)
To Our Clients, Colleagues and Friends, · Those of you who were born in 1947 or earlier were alive when blacks couldn’t play major league ... intentionally. One of our loan officers did a loan for him back then, and we remember that Eckersley [more...]
Date: 2008-11-05 13:54:19
Some Free Advice About Real Estate Transactions
Most days I get loan wholesalers coming into my office ... , but that's cool. I'll price loans with them anyway, and if they're the best I can do for the client ... they have to pay in order to get it. This comes back to The Trade-off Between Rate and Cost. If one lender's par [more...]
Date: 2009-01-09 14:40:27
Sweet December
Sweet December My Dominican co-workers wore sweaters to work when temperature fell below 70 degrees in December ... outside the Hato Mayor office: these bank members finished a loan in December and took out another ... International, offices in El Seibo and Hato Mayor recently worked through a large number of loan cycle renewals [more...]
Date: 2009-01-14 16:46:51
A D.C. Loan Officer's Possible Conflicts of Interest
Are loans to businesses that do business with a city sufficient to create a conflict of interest? This is the question that has been batted around recently in Washington, D.C., according to an article in today's Washington Post. read more [more...]
Date: 2009-01-15 17:40:24
What are Home Loan Jobs
by Ethan Hunter Most people sitting in a loan companies office isn’t thinking about working there - but there are some people, perhaps you yourself, ... to debt ratio, you find a serious challenge. Having ... with a calculator? Was math an easy subject in school for you, and did you breeze through it while others [more...]
Date: 2008-07-08 11:30:10
Provident reports higher earnings
Provident New York Bancorp reported net income of $6.3 million, or 16 cents a share, during its fiscal first quarter ... in the community business sector of the loan portfolio. ... and chief executive officer, said in a written statement. The provision for loan loss was $2.5 million [more...]
Date: 2009-01-15 23:22:17
Fisc, you are right about
Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]
Date: 2009-01-15 22:06:17
Fisc, you are right about
Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]
Date: 2009-01-15 20:06:09
Loan Modifications Reamortize, Don’t Affect Fixed Rates
I just got off the phone with Patty at BB&T Mortgage, who walked through all the options I had with them with regards to my mortgage. She was extremely courteous and explained everything in great detail, great loan officer. The one big bit of advice I learned was that a loan modification isn’t what I thought it was. Loan [more...]
Date: 2008-12-22 17:08:36
Drag Me to Hell (2009) m-720p
Drag Me to Hell (2009) m-720p Language: English | 1h38mn | x264 | 1280x534 | 2387kbps | 23fps | AC33 | 384kbps | 2 GB Genre: Fantasy | Horror | Thriller A loan officer ordered to evict an old woman from her home finds herself the recipient of a supernatural curse, which turns her life into a living hell. Desperate, she turns to a seer to try and save her soul, while evil forces work to push her to a breaking point [more...]
Date: 2009-09-27 16:43:47
A Few Ways to Raise Cash Quickly
Disclaimer: After some strong feedback from GRS readers (and from my wife) ... -write makes it clear that I am not advocating all of these ideas. Yes, payday loans are on the list ... for finding money, and then ranked them from best to worst: We talked to loan officers, financial planners [more...]
Date: 2008-08-28 20:00:56
Close More Loans With a Personal Blog
If you are a loan officer or a mortgage broker, it is very important to exercise every marketing tool available to get your message in front of your customers. This is especially true [more...]
Date: 2009-01-15 19:11:30
A Look At 2009 From The Inside: Real Estate, Credit, and Debt
About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]
Date: 2009-01-02 15:47:36
Ohio Mortgage Fraudster Sentenced To 20 Months
Timothy Pearson, 37, Beavercreek, Ohio, was sentenced to serve 20 months in federal prison, followed by three years of supervised release, and ordered to pay $171,211 in restitution to the Internal Revenue Service (IRS) for his role in a mortgage fraud scheme. Pearson had previously been employed as a loan officer at: City Fed Mortgage [more...]
Date: 2009-01-07 14:31:20
FICO Expands Availability of Credit Score
Imagine if you could log onto your online banking account and click on a feature that not only tells you your exact credit score for free each month, ... of credit decisions each year, including more than 75 percent of U.S. mortgage loan originations”), “Scores ... Campbell, chief operating officer at Fair Isaac. Typically, customers will see the same [more...]
Date: 2009-01-15 20:01:41
Thank You Reverse Mortgage Daily Sponsors
These companies make Reverse Mortgage Daily possible, if you enjoy RMD, please consider supporting them in 2009 ... mortgage products. Golden Gateway’s online tools, award winning calculators and personalized service ... , training, and full resource center created exclusively for Reverse Mortgage Loan Officers. Sign [more...]
Date: 2009-01-02 20:50:18
Driving Mass Transit Riders Back To Their Cars
Just as more and more Illinois commuters were getting on board with mass transit, ... -term loans, Hynes says his office could begin digging out from under the mountain of unpaid bills. The state would then repay the debt as future revenues trickle in. Gov. Rod Blagojevich shot back [more...]
Date: 2008-11-19 22:40:38
Policy makes take aim at inflated appraisals
By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) ... was that appraisers, pressured by loan officers and mortgage brokers, kept hyping home values. Not only did homebuyers wind up paying more, but the exotic mortgage products they needed to finance [more...]
Date: 2009-01-14 11:38:44
While McCain Plays Games, Washington Mutual Falls
From Yahoo: WaMu is largest U.S. bank failure By Elinor Comlay and Jonathan Stempel 1 hour, 37 minutes ago NEW YORK/WASHINGTON (Reuters) ... debt. Washington Mutual, the largest U.S. savings and loan, was closed by the federal Office ... , a portfolio manager at Bahl & Gaynor Investment Counsel in Cincinnati. “He’s becoming an acquisition [more...]
Date: 2008-09-26 04:02:19
When is a 5.5 Percent Mortgage Rate Really a 3.96 Percent Rate?
It’s income tax season again ... , but it will suffice for a rough estimate. Seek out one of many online mortgage calculators to assist ... of mortgage interest tax deductions is one reason why loan officers make reference to “after-tax mortgage [more...]
Date: 2009-01-14 19:45:51
The Idea That Banks Aren’t Lending Anymore Is Ridiculous
One of the worst parts of being a money manager is that in order to stay on top of financial news one should really have CNBC on in the office ... , JPM’s total consumer loans rose by 2% or $10 billion, to $483 billion, between September 30th ... , given that the sub-prime mortgage crisis [more...]
Date: 2009-01-15 21:03:04
Pop forum: Meet today's featured reader
Today's reader has smelled a celebrity and attempted to pay for merchandise with Dwight Schrute's face ... cleaned up on The Singing Bee. Where I live: Charleston, S.C. Occupation: Loan officer Three famous [more...]
Date: 2009-01-12 13:49:29
Movie Review: Yes Man
Growing up in the ’90s, I watched the rise of Jim Carrey. From his humble beginnings on the sketch comedy In Living Color ( ... . Carrey play Carl Allen, a divorced loan officer. Carl's life is pretty much a downer, from watching [more...]
Date: 2008-12-24 02:10:47
Which ending was the worst for Tony Romo?
Tony Romo has a knack for ending his season in spectacular, if not successful, fashion ... back days after leaving his job as an Irving loan officer. But the Cowboys were still in position [more...]
Date: 2009-01-09 21:16:09
Loan Pre-Approval Means Nothing
The only Pre-Approval I trust is one that I wrote myself. I got this search engine hit: pre-approved loan underwriter changes terms illegal I have gone over these issues in discussing the pre-qualification. Loan officers are salespersons [more...]
Date: 2008-11-25 16:24:19
Reassess Your Web Presence
Reassess Your Web Presence The transition from one year to the next seems to give a clean slate with hope for a year improved over the previous ... to do so. Posted by Rich Dansereau Loan Officer Knoxville TN on 01/15/2009 04:22 PM [more...]
Date: 2009-01-15 22:22:22
SoCal office owner skips payment on $1.5 billion loan
Cabi in Fountain Valley A real estate investment trust run by KBS Realty of Newport Beach — owed $175 million by a ... in principal due on the overall $1.5 billion loan package. The borrower, part of Cabi Properties, used ... -Arden loan package. The KBS loans mature next August. KBS revealed the late payment in an SEC filing [more...]
Date: 2008-11-04 16:58:44
Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?
Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]
Date: 2009-01-06 15:03:21
How To File Bankruptcy Online
by John Steed When an individual or institution becomes unable or incapacitated to pay its debtors, it prompts the debtor to file for bankruptcy ... country or organizations. A direct meeting with a legal officer is put in place ... are almost the same as loan application, since on is required to give a lengthy detail [more...]
Date: 2009-01-14 23:40:31
Laying Out Student Loan Options for CBO
Around this time of year our friends at the Congressional Budget Office (CBO) ... Grants As we have said previously, the role student loan guaranty agencies play in the Federal Family Education Loan (FFEL) program is anachronistic, inefficient, ill-defined and riddled [more...]
Date: 2008-10-30 15:41:49
Racing the Clock on DPA Programs: Will The Dems Save the Day?
I had some fun, yesterday, with a report about the down payment assistance ban and the First-Time Homebuyer Tax Credit ... that the Tax Credit might be collateral for a “tax refund loan”, thereby, facilitating the need ... . I queried some senior bank credit officers about this. What I discovered is that those defaults [more...]
Date: 2008-08-28 04:26:04
FORMER FANNIE MAE EXECUTIVE CALLS FOR 1930′S STYLE SOLUTIONS TO THE HOUSING CRISIS
from the NEW YORK TIMES:January 15, 2009Executive Calls ’30s Housing Solutions Superior By LYNNLEY BROWNINGA former Fannie Mae executive has deemed ... in the current housing crisis.The executive, Edward J. Pinto, who was Fannie’s chief credit officer ... confronting the incoming Obama administration. More than half of all loan modifications handled [more...]
Date: 2009-01-15 03:31:13
Rain City Mortgage Rates
Just a reminder that next Thursday is Thanksgiving and banks will be closed. Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits. It’s an odd limbo time for lenders as they try to wrap [more...]
Date: 2008-11-21 22:37:18
How to tackle foreclosures and unemployment at the same time
Back in mid-December, after I wrote a post about some numbers from the Office of the Comptroller of the Currency (OCC) that seemed to show loan modifications don't work so well, a reader of this blog suggested that the data release might be politically motivated—that the Bush administration, [more...]
Date: 2009-01-06 17:06:23
Good Time To Ask About Refinancing Your Mortgage: I Might Save $50,000!
With the rate drop yesterday, mortgage rates are at amazing lows. People in the office are bragging about locking in 4 ... that you’ll be holding the loan longer than that. Here are two breakeven calculators: one and two ... . (Especially if you have a good credit score and a loan-to-value ratio below 90%.) My favorite source [more...]
Date: 2008-12-18 11:53:02
Foreclosure Filings Shot Up in 2008
Foreclosure Filings Shot Up in 2008 15Jan09 Last year, a startling 3.2 million foreclosure filings were reported on 2 ... officer of RealtyTrac. “The big jump in December foreclosure activity was somewhat surprising given ... lenders and loan servicers aimed at delaying foreclosure actions against distressed homeowners. [more...]
Date: 2009-01-15 19:23:27
Text: President Bush Statement on Whitehouse Bailout Deal with U.S. Automakers | December 19, 2008
(Source: White House Press Office) 9:01 A.M. EST THE PRESIDENT: Good morning ... provisions of our bankruptcy laws — and provide federal loans to keep them operating while they try ... certainly lead to disorderly bankruptcy and liquidation for the automakers. Under ordinary economic [more...]
Date: 2008-12-19 16:46:58
Foreclosure Activity Increases 81 Percent in 2008 According To RealtyTrac U.S. Foreclosure Market Report
Nearly 3.2 Million Foreclosure Filings on More Than 2.3 Million Properties Reported RealtyTrac(R) (www.realtytrac.com) ... appears to have worn off by December,” said James J. Saccacio, chief executive officer of RealtyTrac. “ ... by both Freddie Mac and Fannie Mae, along with programs from some of the major lenders and loan [more...]
Date: 2009-01-15 07:45:00
2008 Foreclosures Jump 81, Dimon Sees Loan Demand Fall
From Realty Trac.... RealtyTrac®, the leading online marketplace for foreclosure properties, today released its 2008 U.S ... appears to have worn off by December,” said James J. Saccacio, chief executive officer of RealtyTrac ... by both Freddie Mac and Fannie Mae, along with programs from some of the major lenders and loan [more...]
Date: 2009-01-15 13:20:00
