RSS | Category Archive | "Mortgage News"
Details: More information on the first ever MortgageBarCamp are coming in the following weeks. We’re focusing on a theme involving adapting, surviving and thriving in the current market with the many industry changes that have and are taking place. Have questions? Leave them in the comments. Need Information or want to participate / sponsor? Ping [...]
I’m happy to announce the first installment of a new LeadPress Video Series called 3 Questions with LeadPress! Following shortly will be a weekly podcast and other related series! I was lucky enough to catch BarCampLA this weekend and got to hang out with some amazing folks. One of those people was Dustin Luther, the [...]
There are many knowledgable and talented Mortgage pros that write about all things mortgage, but their content is going unnoticed. The talent at Lenderama, The Mortgage Cicerone (aging theme be damned), Straight Talk About Mortgages and others provide cutting edge commentary and market insight, but their traffic sucks (my opinion based on limited and possibly [...]
As demand for mortgages increase, many lenders are finding that they are unable to fund loans or are extremely slow in funding as their warehouse lines are shrinking or disappearing altogether. This means that as the economy struggles to recover, homeowners that have the biggest need to refinance are finding their loans are not funding [...]
The following list of best practices are being shared with us today by Clarion Mortgage as sent to Clarion LO’s in an internal email. These guidelines are excellent rules of thumbs for any originating loan officers or mortgage brokers operating in the existing changing environment we live in today. Guidelines For Locking When to Hold [...]
MGIC has discontinued contract underwriting of uninsured loans. Moving forward and citing market conditions, they have announced that June 1st and beyond they will no longer contract underwrite loans in our Underwriting Service Centers that do not have Mortgage Insurance. Effective June 1, 2009 MGIC will no longer accept uninsured business in our Underwriting Service [...]
I had a blast chatting last week with Mike Ferree of LeadCritic on his Carpool Confessions segment. I had a blast aside from my headset being a little hot and crackly and a mild overdose on redbull. We talked about twitter rumors, mortgage lead generation, mortgage broker education, mortgage leads and more. CHECK IT OUT!
The times they are a changin’. Flagstar sent out a memo today documenting their expectations for pair offs. In other words, if you lock a loan and it closes elsewhere, expect to receive a bill from Flagstar. Some Flagstar clients are reporting $400 invoices per pair off. Loan fallout is yet another pressure banks are [...]
Summary of Manager’s Amendment to H.R. 3915 Title I (Mortgage Origination) Subtitle A. Licensing System for Residential Mortgage Loan Originators. * This subtitle is from Rep. Bachus’ bill (HR 3012) and provides for licensing and registration of individual mortgage brokers and registration of bank employees that originate mortgages, as well as the establishment of a [...]
LEGISLATIVE ALERT From NAMB Government Affairs On Tuesday, the House Financial Services Committee (“HFSC”) debated, marked-up, and voted 45-19 to approve the Mortgage Reform and Anti-Predatory Lending Act of 2007 (“HR 3915”). This vote clears the way for HR 3915 to move to the floor of the U.S. House of Representatives for further debate and [...]
If the answer is no, then you are not alone. This is likely due to the use of a Full 1003 Application (90% or more of lead conversions are lost with a Full 1003) and a host of other Mortgage Lead Generation Taboos such as Flash Intros, Music, and overall outdated and generic designs that kill lead conversion. LeadPress solves these issues and more!
LeadPress is Different. As loan originators ourselves, we have experienced firsthand how the fatal flaws made by most mortgage website providers today can sabotage your mortgage marketing efforts and your bottom line. Leveraging this experience, we have built the most technically advanced, efficient and effective mortgage website platform in existence today. LeadPress can help you generate more exclusive mortgage leads!
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