Sentences with phrase «did as a mortgage broker»

Phil now earns more with credit repair than he ever did as a mortgage broker (and he works fewer hours).

Not exact matches

Mortgage originators may offer more products than banks, and they may do some brokering as well as in - house lending.

With banks not lending as much as they once did, more and more borrowers are turning to commercial mortgage brokers or consultants for help with their capital needs.

However, interest rates don't account for other loan charges, such as loan discount points, mortgage insurance premiums, broker fees, or closing costs.

Why couldn't the Fed and Treasury do for Lehman what they did with other Wall Street investment firms and stock brokers: let it reclassify itself as a bank so it could pawn off its junk mortgages at the Fed's discount window for 100 cents on the dollar, sticking taxpayers with the loss?

QuinStreet Media, Inc. and its affiliated companies, including QuinStreet Properties, Inc., a California corporation, use GTL as the site of a virtual marketplace where interested consumers can be made aware of lenders and mortgage brokers who are seeking the opportunity to do business with people like them living in their area.

QuinStreet Properties, Inc. and its affiliated companies use GTL as the site of a virtual marketplace where interested consumers can be made aware of lenders and mortgage brokers who are seeking the opportunity to do business with people like them living in their area.

Mortgage brokers lying, banks not reviewing paperwork, applying policies designed for first time buyers to 3 times as many folks buying their 2nd, 3rd, 4th etc home, appraisers giving banks whatever values they wanted on appraisals, rating agencies doing likewise for CDO's, insurers issuing credit default swaps without even a fraction of the backing needed.

While Ross Taylor doesn't necessarily disagree with any of those comments, as a mortgage broker he also knows that to get the best rate on a mortgage, you need a clean credit report, and a high credit score.

Bad credit mortgage lenders and mortgage brokers know that the person they are extending the loan to doesn't have as many options.

We've done business with thousands of satisfied borrowers, mortgage brokers, and real estate agents — just read the testimonies that point to our proven track record as a premiere hard money lender.

If you are not sure, don't hesitate to ask your mortgage company if they act as a lender or as a broker.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

While banks are the biggest mortgage lenders without the involvement of brokers, many applications are rejected, as they do not meet the loan approval criteria.

People who meet the criteria needed by banks do not have to pay anything upfront as the mortgage broker will be paid directly by the banks.

For starters, a mortgage broker acts as your personal loan concierge and does all the work for you.

People who meet the banks» criteria do not need to pay upfront as brokers will be paid directly by lenders as soon as the mortgage closes.

Those who meet banks» criteria do not have to pay any fees upfront because mortgage brokers get paid by the banks as soon as the deal is sealed.

Anyone who hopes to become a mortgage broker in Stouffville must have a license from the Financial Services Commission of Ontario in order for them to do business as brokers.

Can one of my expert Canadian friends tell me - a self directed RRSP, as in the US, can invest in a class of assets regular brokers don't handle such as businesses, real estate, notes, loans, mortgages?

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act Mortgage License Act of 1987.

The alert does not address when a mortgage broker is functioning as an AGENT of the borrower.

That's what mortgage brokers do as their profession, they skim through such complexity for their clients.

A few years ago it was not uncommon to hear of mortgage brokers or credit repair companies doing what was known as «doctoring» a persons credit.

As a result, most consumers will be bombarded at home and at work by real estate mortgage brokers, who 9 times out of 10, do not lend on mobile homes.

- Mobile home owners living in mobile home parks, on leased land or in other instances where the mobile home is not attached to real property, are forced to look to the internet for lending sources, as most local banks, credit unions and mortgage brokers normally do not finance or refinance mobile homes by themselves.

As a result, most consumers will be bombarded at home and at work by real estate mortgage brokers, who 9 times out of 10, do not lend on manufactured homes.

«There's a lot of competition out there now from alternative lenders who don't have to meet the mortgage stress tests as well as by online brokers,» says Justin Thouin, CEO of LowestRates.ca.

TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage inMortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage inmortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage inmortgage insurance.

Brokers don't always offer the same rates or products as the banks, which is why we provide comprehensive mortgage rate market comparison in Canada, comparing different brokers as well as banks, credit unions, and other lenders fBrokers don't always offer the same rates or products as the banks, which is why we provide comprehensive mortgage rate market comparison in Canada, comparing different brokers as well as banks, credit unions, and other lenders fbrokers as well as banks, credit unions, and other lenders for you.

After 26 years in the credit industry, I'd like to believe I've heard it all... including the following mistake: If you have a friend who works at a car dealership or as a mortgage broker, don't ever ask them to pull your credit for you.

Mortgage brokers don't have their own money or their own underwriters; they simply act as a middleman to match borrowers with lenders.

I sat as an adjuticator in the former Ontario Mortgage Brokers Association and the reasonable thing to do with the person before was to turn his hearing over to the police.

The U.S. Court of Appeals for the 10th Circuit affirmed the ruling of the trial court, finding that the mortgage broker did not meet the definitions of a creditor as set by the Act or by Regulation Z, the implementation regulation issued by the Federal Reserve for the Act.

He believes mortgage brokers can continue to grow, although not likely as prominently as brokers did in the U.S. prior to the mortgage meltdown, when broker share was well over 60 per cent.

to me the mortgage broker is critical in the transaction and they can use my preferred as I know it will go through but I don't demand it but if its someone I don't know or company I have no faith in or a company that I tried once before (Rocket) and they were flat butt ridiculous as a builder / seller to deal with..

Carey says she does not take this award lightly and sees it as validation of her 24 years in the mortgage industry and 14 years as principal broker / owner of Verico Personal Choice.

I have experience as a landlord, mortgage broker, note broker and have also done flips.

Unlike a mortgage banker, brokers do not fund the loan with their own money, but work on behalf of several investors, such as mortgage bankers, S & L's, banks or investment bankers.

287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship; broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account; broker committed conversion when his operating account fell below deposit amount; broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment; broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate broker vicariously liable and charged with actual knowledge of violation of law because of representative broker's cognizant misconduct as corporate officer; broker is not required to deposit a refundable commission in an escrow account unless contractually demanded; corporate broker and representative broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee

84 DOS 99 Matter of DOS v. Woodland - failure to appear at hearing; jurisdiction; mortgage applications; failure to pay judgment; ex parte hearing may proceeding upon proof of proper service; DOS has jurisdiction over respondents for acts of misconduct which occurred during licensure even though the licenses expired on their own terms; DOS fails its burden of proof to establish broker failed to obtain signature on agency disclosure form; DOS fails its burden of proof to establish that a broker has an obligation to «pre-qualify» a potential purchaser; broker breached duty to deal honestly with the public when advised purchaser he would assist in obtaining financing and failed to do so; DOS fails its burden of proof that broker wrongfully failed to hold a $ 500.00 deposit in escrow as deposit was remitted to seller with the permission of buyer; failure to pay judgment without a showing that broker is unable to do so is a demonstration of untrustworthiness; no action to be taken for reapplication for broker's license until payment of $ 1,000.00 fine and proof of satisfaction of judgment

Steven G. Walther, Inc. v. Taranto (16 A.D. 3d 1076) buyers procured by broker remained ready willing and able to complete the purchase pursuant to the terms of the purchase contract thereby entitling broker to its commission where purchase and sale contract addendum made the offer contingent upon the sale of buyer's existing residence; pursuant to the addendum, seller received another purchase offer, he was entitled, upon notice to the buyers, to accept the offer and cancel the contract with the buyers unless they removed the sale and transfer of title contingency within three days after receiving such notice; buyers could remove the contingency by demonstrating in writing that they had accepted a mortgage loan commitment which does not require the sale and transfer of title of their property as a condition of the mortgage loan funding; buyer complied with such requirement, even though mortgage loan commitment was subject to additional conditions not prohibited by the contract; judgment for broker.

Kreuter v. Tsucalas (287 A.D. 2d 50)- negotiation of a lower payoff figure for an existing mortgage does not constitute regulated real estate activities as defined in Real Property Law § 440 which includes negotiation or offering or attempting to negotiate a loan secured or to be secured by a mortgage; mortgage broker entitled to commission pursuant to agreement for negotiating a lower mortgage payoff

If you are not sure, don't hesitate to ask your mortgage company if they act as a lender or as a broker.

On the other hand, more potential home sellers (26 percent) say they second guess their desire to sell because they don't want to pay brokers fees, new mortgage closing costs, capital gains taxes, and other associated expenses as it would weaken their buying power for their next home.

On the other hand, more potential home sellers (26 percent) say they second - guess their desire to sell because they don't want to pay brokers fees, new mortgage closing costs, capital gains taxes and other associated expenses as it would weaken their buying power for their next home.

A broker does not make direct loans to buyers, but works to find the best deal and finally collects fees as part of the mortgage process.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

This means as their agent or broker, you will be required to do a bit more hand - holding and make sure they understand everything from property taxes to closing costs and mortgages, if they need one.

The training covers such information as the real estate market, what transferees need to do, how to choose a real estate broker, and questions to ask when shopping for a mortgage.