Mortgage Processing News in FHA-VA Loans
Friday, July 27, 2012 - 5:06pm
This is part 3 of a multi-part series that provides helpful questions and answers about FHA appraisals, properties and valuations. I recently ran across this list as I was actually searching for something on a completely different topic. I found these FAQs so helpful and informative I felt the need to pass them on in hopes they will be useful to you as well!
Need FHA Training? CLICK HERE: http...
Friday, March 23, 2012 - 7:40pm
Have you ever played this game at the fair? You have to hit the little buggers with a padded stick when they pop out of their holes. They pop their heads up and back down and you scramble to bop them before they disappear again.
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
Being in the Mortgage business these days I feel like we’re playing the game on a daily basis.
Agency...
Friday, February 24, 2012 - 8:38pm
I my role as a Loan Originator, it has come to my attention that this phrase is becoming a major part of our vocabulary these days. Let me give you a few examples from recent conversations I have had with clients.
...You are very well qualified; a refinance to today’s rates would give you significant savings on a monthly basis. But, because your value is low you will not qualify for the program...
Thursday, January 26, 2012 - 7:58pm
In December I promised to be giving updates on the new HARP refinance programs as details emerge, and so being good to my word I am returning to the subject. Unfortunately there are not many details to talk about, and what there is to say is almost guaranteed to give you a headache.
For the most part we are holding our collective breaths waiting for Fannie to roll out the new DU portal in March...
Friday, January 13, 2012 - 5:20pm
So here we are, 2012 is underway. Speculation about what this year is going to bring is of course a popular subject these days and the doomsday crowd is getting ready for a party. I hope they are all around to suffer the “hangover” in 2013 since that would mean they are wrong again.
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
The funny thing about the doomsday prophecies is that...
Friday, December 30, 2011 - 5:03pm
2012 is here. A year of promises to be made and a year of prophecies. Promises of positive change and prophecies of imminent doom. Whichever it may be I think we can be assured that it is going to be yet another year of change in our industry. So in other words…the same old thing.
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
It is tempting to spend time wondering what this New...
Friday, December 9, 2011 - 5:50pm
The new HARP refinance program has been released as of the first of this month. This program is expected to help consumers who have been unable to take advantage of low interest rates and the opportunity to lower their payments due to falling house values which has resulted in homeowner’s being “underwater”
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
There are still many hurdles...
Friday, November 11, 2011 - 7:44pm
It would feel redundant right now to talk about the mortgage crisis, the financial meltdown, the homeless or really any subject that deals with the issues being discussed by the “Occupy” movements that highlight the controversy of the 99% versus the 1%. We need to talk about solutions.
Corruption has been identified at every level of the process; therefore pointing blame is also a redundancy that...
Saturday, October 29, 2011 - 12:17am
With the interagency review requiring reform, review of loan files and now the media attention brought by the Occupancy protests are all putting pressure on the large servicers to “clean up their acts”. It seems we may be seeing some positive progress in the form or realistic reform.
The Interagency Review which was issued in April calls for each of the 14 regulated servicers to conduct a review...
Friday, September 2, 2011 - 5:40pm
As I was going through some of my old paperwork the other day, getting ready to move my office, I came across this old gem. Dating before credit scores, these Scales of Justice are just as important today and so I thought I’d share them with you.
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
Compensating Factors:
1. Perfect Credit
2. Excellent Long Term Credit
3. Substantial...
Friday, July 15, 2011 - 5:21pm
The completion of the loan application form can make the loan process smooth or a nightmare. A complete application with the proper supporting documentation versus an inaccurate application can make all the difference in the world. We all know this, it is mortgage 101, however to this date it is one of the biggest concerns/problems in the system. The problem I think is that often times the...
Friday, July 1, 2011 - 4:28pm
Well...
I’m going to start with a short background of my career and a hint about the future subject matter you are likely to see from me.
I have worked in the mortgage industry for 25 years now and you could really say I’m a “lifer” as my father’s family was also in the industry as realtors, lenders and appraisers. My own experience has ranged from one end of the spectrum to the other it seems. I...
Monday, June 20, 2011 - 10:06am
Handling purchase transactions which involve bank owned foreclosure sales are not limited to merely standard bank owned properties, and as I am sure you will all agree, each of us have handled are fair share of FHA property disposition cases. As HUD continues to improve the incentives for homebuyers where the purchase of these properties are concerned, It is more important than ever, that we as...
Friday, June 17, 2011 - 1:22pm
CREDIT CAPACITY COLLATERAL
Need FHA Training? CLICK HERE: http://www.FHA-Classes.org
When an underwriter is presented with a loan request package, their job is to determine whether the potential borrower will pay back the loan or not. There are many tools available to today’s underwriter and most of the determination is handled by complex computer programs that are designed to weigh the risk...
Sunday, February 13, 2011 - 3:41pm
From the desk of Rob Ruston:
CREDIT: Part Two; Fixing Errors in Your Report.
This edition of Robs Report is the second of a three part series on Credit.
One of the most commonly asked questions in my training classes is “How does the credit scoring system work?” This series of reports is an attempt to shed some light on the mysterious and often misunderstood world of credit scores.
Today we want...
Meet Our Newest Members
|
Christopher
Tennihill
 |
Nervin
Sidhu
 |
Swapna
Deshmukh
 |
Bonnie
Kent
 |
|
Courtney
Fogg
 |
Haley
Durgen
 |
Alexis
Sanchez
 |
Anan L
Sturgess
 |
** SPECIAL OFFER **
The Official NAMP® Processor Boot Camp™
Get (4) Classes. PLUS, a 5-Year NAMP® Membership.
PLUS, the NAMP®-CMLP Certification
Only $995... SAVE $1,085 !!!
CLICK HERE to Learn More Now! >>
Mortgage Processor Jobs
Come join our growing Mortgage Banking Company. Do you have what it takes?
Resmac, Inc. is a FNMA approved servicer of...
Come join our growing Mortgage Banking Company. Do you have what it takes?
Resmac, Inc. is a FNMA approved servicer of...
Title: QA Mortgage Underwriter
Location: Atlanta, GA
A large financial services firm located in Atlanta, GA seeks...
Title: Licensed Residential Appraiser
Location: Dallas, TX
A large financial services firm in downtown Dallas seeks State...
Certified Residential Appraiser
Location: Dallas, TX
A large financial services firm in downtown Dallas seeks State...
QA Mortgage Underwriter
Location: Philadelphia, PA
A large financial services firm located in Philadelphia, PA seeks...
EverBank currently has needs for Retail Underwriters in Chesterfield, MO
Mortgage Professionals, Apply Today
EverBank's...
Are you a Mortgage Underwriter interested in being part of a great organization?
We are recruiting top Mortgage...
Correspondent Lenders - Indianapolis, IN
Company: Stonegate Mortgage
Location: Indianapolis, IN
Stonegate Mortgage...
Correspondent Lenders - St. Petersburg, FL
Company: Stonegate Mortgage
Location: St. Petersburg, FL
Stonegate Mortgage...
NAMP News Archive
Upcoming Classes
NAMP News Categories
Recent Articles
Fri, May 17th, 2013
Over the years I am often asked by borrowers if the points they pay at closing are tax deductible. When I am asked I always say, “Consult your tax advisor” as I am not an accountant or a tax advisor...
Fri, May 17th, 2013
It’s impossible to mention mortgages and the Federal government in the same sentence without provoking emotions. So when the FHA announced major changes to it’s MIP cancellation policy, reaction was...
Fri, May 10th, 2013
Georgia’s biggest lender, said it’s in talks with U.S. authorities to settle claims over its handling of loans backed by the Federal Housing Administration. The U.S. Department of Justice and the...
- Fri May 17, 2013 — Are Points Deductible? read »
- Fri May 17, 2013 — Are Points Deductible?: Over the years I am often asked by borrowers if the points they pay at closing are tax... read »
- Fri May 10, 2013 — SunTrust in Talks to Settle Claims on FHA Loan Originations read »
- Fri May 10, 2013 — SunTrust in Talks to Settle Claims on FHA Loan Originations: Georgia’s biggest lender, said it’s in talks with... read »
- Fri May 3, 2013 — Are You Sending Too Much Information by Over-documenting Your Package? read »
© 2006-2012 National Association of Mortgage Processors® & NAMP® are registered trademarks of NAMP, Inc. All Rights Reserved. Job Description for Mortgage Processor