| Author |
Previous Topic | Next Topic |
|
EMP
115 Posts |
 Posted - 07/08/2008 : 11:16:38 AM
|
| What are the top concerns/challenges that loan officers face? |
|
dtabar
768 Posts |
Posted - 07/08/2008 : 11:17:30 AM
|
| Making sure a company does not go out of biz on you. |
|
|
EMP
115 Posts |
Posted - 07/08/2008 : 11:24:34 AM
|
| By a company, you mean a lender/bank? Are lenders still imploding that fast? |
|
|
QCLP
3 Posts |
Posted - 07/08/2008 : 11:26:34 AM
|
| Finding a lender that will actually LEND money! |
|
|
gsgroupinc
2035 Posts |
Posted - 07/08/2008 : 11:27:21 AM
|
| Will the goverment put me out of business with new laws that don;t apply to banks.!!!!! |
|
|
EMP
115 Posts |
Posted - 07/08/2008 : 11:29:28 AM
|
| Wow!Is traditional mortgage lending that difficult to find? How much of your portfolio is FHA percentage wise? |
|
|
cla
46 Posts |
Posted - 07/08/2008 : 11:29:48 AM
|
| Will new restrictions make it impossible for us to do business? |
|
|
GBecerra
48 Posts |
Posted - 07/08/2008 : 11:30:47 AM
|
Keeping a positive attitude after dozens and dozens of files that have gone down the drain to due the ever changing guidelines. If your attitude isnt on the up and up your performance will be right behind it....
|
|
|
AGreene00
2820 Posts |
Posted - 07/08/2008 : 11:33:31 AM
|
-What is going to happen to wholesale mortgage lending?
-Is government legislation going to make our careers extinct? |
|
|
cspatmon
2142 Posts |
Posted - 07/08/2008 : 11:43:18 AM
|
| Open and derogatory credit. |
|
|
EMP
115 Posts |
Posted - 07/08/2008 : 11:51:32 AM
|
| Is property tax re-accessment on declining values a concern? |
|
|
rtrefflich
3414 Posts |
Posted - 07/08/2008 : 11:52:15 AM
|
| Trying to find clients that can actually qualify. I don't want to go w-2 so I'm doing RE instead of FHA and its working okay, I just hate RE |
|
|
katbunk
2172 Posts |
Posted - 07/08/2008 : 11:54:51 AM
|
| So what service are you providing? |
|
|
frank drigotas j
1518 Posts |
Posted - 07/08/2008 : 12:00:09 PM
|
Frances Fisher (Ruth DeWitt Bukater): So this is the ship they say is unsinkable.
Billy Zane (Cal): It is unsinkable. God himself couldn't sink this ship.
Titantic, the movie, 1997
dollar
|
|
|
americanheartlan
2237 Posts |
Posted - 07/08/2008 : 12:00:13 PM
|
| 100%LTV |
|
|
EMP
115 Posts |
Posted - 07/08/2008 : 7:27:19 PM
|
So what service are you providing?
We're currently working on a report on the state of the mortgage industry. |
|
|
Mandyvilla
3447 Posts |
Posted - 07/08/2008 : 7:57:52 PM
|
Define "mortgage industry." In this little world you have stumbled upon, that is a very broad subject.
Think of it as you saying, "we are currently working on a report on the state of health care." |
|
|
velecico
3991 Posts |
Posted - 07/08/2008 : 8:06:15 PM
|
should I take the corner office with the Bentley convertible or the downtown office with 2 smoking assitants , ahhhh , then I woke up |
|
|
ritabradley01
3228 Posts |
Posted - 07/08/2008 : 10:02:37 PM
|
quote:
Originally posted by EMP
What are the top concerns/challenges that loan officers face?
My office gets too cold. |
|
|
EMP
115 Posts |
Posted - 07/09/2008 : 8:06:25 PM
|
| No wonder you're all still hanging in there you have a great sense of humor. Really though, where are you finding your clients if it's not a trade secret? |
|
|
EMP
115 Posts |
Posted - 07/09/2008 : 8:09:08 PM
|
Are most mtg brokers buying leads or depending on referrals? I notice a distinct lack of mail from mtg brokers so I assume DM is no longer en vogue.
http://www.wowifixedmycredit.com/ |
|
|
EMP
115 Posts |
Posted - 07/10/2008 : 5:28:09 PM
|
| Good Feedback! |
|
|
RANDY P
2828 Posts |
Posted - 07/10/2008 : 5:30:02 PM
|
| secondary market function. Willing borrowers isn't the problem, sources of money are. |
|
|
darkstar
18293 Posts |
Posted - 07/10/2008 : 5:37:22 PM
|
quote:
Originally posted by EMP
What are the top concerns/challenges that loan officers face?
Not enough time in the day to do all the loans! |
|
|
ritabradley01
3228 Posts |
Posted - 07/10/2008 : 5:53:12 PM
|
| yeah me neither, but seriously...I am having some success telemarketing. I try not to waste time on tire-kickers or unqualified people. I don't make enough to quit my day job yet. |
|
|
EMP
115 Posts |
Posted - 07/10/2008 : 7:32:19 PM
|
Darkstar, you don't have to pay a fee to get your rent reported on your credit profile. There is another FREE alternative!
|
|
|
smoothlid
419 Posts |
Posted - 07/10/2008 : 7:53:47 PM
|
quote:
Originally posted by EMP
No wonder you're all still hanging in there you have a great sense of humor. Really though, where are you finding your clients if it's not a trade secret?
I find most of mine at Walmart. They have a great selection. |
|
|
homebroker@sbcgl
3527 Posts |
Posted - 07/10/2008 : 9:32:18 PM
|
If we use the same 5-COLOR THREAT-ASSESSMENT ALERT they use for terror alerts the current level is RED
quote:
Originally posted by EMP
So what service are you providing?
We're currently working on a report on the state of the mortgage industry.
|
|
|
EMP
115 Posts |
Posted - 07/11/2008 : 06:31:08 AM
|
| Agreed! That would be red in bold. |
|
|
EMP
115 Posts |
Posted - 07/12/2008 : 4:38:37 PM
|
| Although foreclosures are purchases! |
|
|
CoolMtgGuy
3704 Posts |
Posted - 07/12/2008 : 5:28:33 PM
|
I have never heard a foreclosure described as a purchase. Is that what it is being called these days?
quote:
Originally posted by EMP
Although foreclosures are purchases!
|
|
|
EMP
115 Posts |
Posted - 07/12/2008 : 5:42:42 PM
|
Well, I know a person who bought a foreclosure, is renting out his old house and has moved into the foreclosure. He obtained a loan through a mortgage broker so Thats a purchase and there's a growing market for it.
|
|
|
kellamtom
633 Posts |
Posted - 07/12/2008 : 9:14:26 PM
|
will i be able to survive in this business and take care of my family, fear of the unknown,
foreclosures aren't always purchases, my borrower had a contract on a prop and get the title work back and property went into foreclosure 1st tuesday, the listing agent is nowhere to be found, moving on to another prop, her landlord wants her out by the 1st. |
|
|
EMP
115 Posts |
Posted - 07/13/2008 : 11:26:54 AM
|
| What you mean is they don't always "close", but thats true of any real-estate transaction. Some never make it out of title. Still, there's tremendous potential in foreclosures. Some experts are projecting the surge of foreclosures to start another mortgage industry surge. Some brokers are already experiencing it by marketing to people who want to buy foreclosures. |
|
|
jbelman
254 Posts |
Posted - 07/13/2008 : 1:35:46 PM
|
| No Wholesale lending... to hedge that get a Real Estate License and get clients and send loan business to retail.. .02 |
|
|
EMP
115 Posts |
Posted - 07/16/2008 : 11:47:14 PM
|
| This is good stuff...better than the political bantering. |
|
|
EMP
115 Posts |
Posted - 07/20/2008 : 01:57:43 AM
|
| another off forum feedback: They say the home's value declining is an issue. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
