Sentences with phrase «known as mortgage brokers»

Also known as mortgage brokers, these experts can find you the best rates available.

Not exact matches

The banks and mortgage brokers, however, knew these were unqualified buyers, as their inside jokes about liar loans and Ninja loans (no income, no job or assets) attest.

The broker of record as they are also known must ensure that mortgage rules are adhered to and that all documents are precise.

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.

Tom of Mortgage Craft, a mortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesMortgage Craft, a mortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesmortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesmortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest rates».

A contrarian view is that Fannie Mae and Freddie Mac led the way to relaxed underwriting standards, starting in 1995, by advocating the use of easy - to - qualify automated underwriting and appraisal systems, by designing the no - down - payment products issued by lenders, by the promotion of thousands of small mortgage brokers, and by their close relationship to subprime loan aggregators such as Countrywide.

There might be more than one mortgage broker in a firm and the lead is known as a broker of record.

The person who runs a mortgage brokerage is known as the principal broker or broker of record.

I know how difficult it is as a mortgage broker to try to think of all aspects of a transaction, current and in the future and the affects it may have on my clients.

However there is a problem with that since as many mortgage brokers will tell you, banks want to know the source of the funds.

The mortgage broker, in this case, knows that they will be paid directly by banks as soon as the mortgage closes.

The first step towards refinancing one's mortgage is to sit down and go over your situation with a professional broker who will know the ins and outs of mortgage refinancing rates, as they apply to your specific situation.

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.

Lenders and brokers are required by Federal law, known as the Real Estate Settlement Procedures Act (RESPA) to give you a booklet called «Shopping for your home loan - HUD's Settlement Costs Booklet» when applying for a mortgage loan.

as far as I know, you can definitely switch lenders... and again using a mortgage broker will help you find the best deal in my opinion

What You Need to Know about Mortgage Brokers In the past, many people considered going to a mortgage broker as a last ditch possibility to get financing after they had been turned down by the majoMortgage Brokers In the past, many people considered going to a mortgage broker as a last ditch possibility to get financing after they had been turned down by the majomortgage broker as a last ditch possibility to get financing after they had been turned down by the major banks.

One mortgage brokerage company can have more than one broker led by one known as the principal broker or broker of record.

OREP specializes in providing general liability insurance and professional liability insurance, also known as errors and omissions (E&O) insurance, to real estate appraisers, home inspectors, real estate agents and real estate brokers, mortgage field service and other real estate professionals nationwide.

If you have errors on your credit report that need to be corrected quickly, you can work with a mortgage lender or broker to go through a process known as rapid re-scoring.

Mortgage Consultants, also known as Mortgage Loan Consultants, Mortgage Brokers, Mortgage Loan Originators, or Loan Officers, help customers who are in need of loans to help them buy or refinance a house or other real estate property.

Mortgage Originator is also known as a mortgage banker or a mortgageMortgage Originator is also known as a mortgage banker or a mortgagemortgage banker or a mortgagemortgage broker.

I happen to know about a dozen Firefighters who work as Realtors and mortgage brokers.

Great Mortgage broker as you know is integral to this business and I have been on the butt end of terrible ones especially up in the Chicago area that I guess were beginners a week from closing and lender fail..

OK from my point of view as long as it benefit the buyer or seller and not the mortgage broker I am good with whatever is negotiated its a free country as we know.

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..

And as is often / mostly the case, none of this reflects in some appraisals, relative to final reported sale price; and the mortgage broker or the buyer's bank is none the wiser; (because the «pay commission figure» is no longer shown on the actual APS); resulting in a possible question: is the public, or the mortgage broker or the bank, even, mislead sometimes in this regard?

If the practitioner writes up the purchase agreement as a residential purchase knowing the deal is being mischaracterized by the mortgage broker or loan officer, the practitioner could be found to have committed loan fraud.

As we all know, many former mortgage brokers, title agents, and related professionals now specialize in foreclosure rescue.

As we said, a mortgage broker is worth their weight in gold — however know that they aren't all the same.

Now that you know what a blogging program is, let's talk about how it can be used as a mortgage broker marketing idea for 2016.

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

As required by § 1026.19 (e)(1)(i), the mortgage broker must make a good faith effort to disclose the name and address of the creditor, but if the name of the creditor is not yet known, the disclosure required by § 1026.37 (a)(3) may be left blank.

With a 20 year career in this business (mortgage broker, real estate transaction coordinator, loan officer as well as running a successful mobile notary closing company), I know a real estate transaction has many key players and lots of moving parts.