Home » January 23rd, 2010
Entries posted on “January, 2010”
Game bird hunters depend on their dogs. Each dog is carefully trained to sniff out the birds, vigilantly sending them to flight and then watching intently as their masters take a shot. When birds are hit, the dog immediately seeks it out for retrieval. A dog
January 23rd, 2010 | Posted in Blog,Uncategorized | Read More »
Every year we make a resolution that is ultimately never kept.
January 20th, 2010 | Posted in Blog,Uncategorized | Read More »
As we move into the new year, many of my appraiser friends are finding out that more and more of the appraisal work is being farmed out to appraisers willing to work for ridiculously low fees! No matter what the scope of work is! As a result of this, many Brokers are finding that the [...]
January 20th, 2010 | Posted in Blog,Uncategorized | Read More »
- Application enhances loan production through automated workflow management, enforced compliance and a social media-style communication platform –
SAN DIEGO, Jan. 20 , 2010 – Cogent Road (www.cogentroad.com), a provider of Web-based mortgage technologies that facilitate communication between lenders and borrowers, announced the launch of Roohmz Mortgage Enterprise, an Internet-based workflow management system that intelligently manages the progression of loan applications from origination to closing, enforces compliance and provides a robust communication platform.
January 19th, 2010 | Posted in Uncategorized | Read More »
Ethynol, solar, wind, and lead generation will power 2010
Lead generation fuels your business with referrals and can keep a pipeline filled with loans. Utilizing a variety of ways to generate those leads will help you to grow a strong referral-based origination business that will withstand all the product changes and rate fluctuations.
In today’s market, it is essential that you have a consistent flow of prospects. Yes, loans are more difficult to complete and less borrowers qualify; but there is also less competition. Many borrowers no longer have a connection to someone in the industry. Realtors have also seen the departure of loan officers and many are looking for a solid, trustworthy originator to add to their team. Reaching out with consistent, creative marketing will help you reach these borrowers and Realtors.
January 19th, 2010 | Posted in Archive,Articles,Online Lead Gen | Read More »
The Niche Report talks with Mary Miller, Director, Product Management, Mortgages of Zillow.com.
What is Zillow Mortgage Marketplace?
Zillow Mortgage Marketplace is an open and transparent lending marketplace that provides borrowers a hassle-free, anonymous way to receive unlimited and customized mortgage quotes directly from lenders, for free. When lenders (banks, originators, loan officers, brokers) respond with customized quotes, borrowers compare the quotes, review lender ratings and profiles, and then decide whom they want to contact and when. Since borrowers are anonymous to lenders, they are not inundated with unwanted phone calls and email messages.
January 19th, 2010 | Posted in Archive,Articles,Center Stage | Read More »
Is the spread a bit too thin?
Among the confusion in complying with HUD’s new RESPA Rules, it is likely no issue has raised quite as much concern as the treatment of Yield Spread Premiums (YSP). As an industry leader, Calyx feels a responsibility to help do part to clear up some of the confusion. We are proud to be the first major LOS to bring the new Good Faith Estimate (GFE) to market (August 2009 with Point 7.1) and through of our close collaboration with HUD, we’re also very confident our implementation is accurate and compliant.
Throughout the design and execution of our 7.2 release this past November, we had the opportunity to analyze and consider many facets of the RESPA Rules and the required implementation changes. We also had a chance to speak with many interested industry participants and through this “in the trenches” experience have discovered several issues we feel the industry needs help understanding.
January 19th, 2010 | Posted in Articles | Read More »
Okay, look… before I say another word, I want everyone to know that I did not want to do this. I put it off all year, and I take no pleasure in doing it even now. But someone has to say something, and it might as well be me.
The simple fact is that our president was a tremendous disappointment to me last year, and although I tried my best to put someone else into this slot, I just could not convince myself to do so. What the hell is going on in the mind of The White House?
I know this is a magazine that people in finance and banking read. And I know that finance and banking types want to believe our economy has turned some sort of corner, but please… no one seriously believes that, do they? What corner? The stock market is up, I suppose, but as to why, no one really knows. Unemployment is as bleak as ever. And foreclosures… well, don’t even get me started. What’s better, exactly? (Write to me, I want to know.)
January 19th, 2010 | Posted in Archive,Articles,Bringing Up the Rear | Read More »
You are going to do time…properly
Sales crimes are insidious. They sneak up on you, infiltrate the way you do business and quite possibly keep you from closing the sale. They are not illegal, just nonproductive. Examine your sales practices and see if you are committing sales crimes.
Blah, blah, blah, blah, blah…….
Ever have someone stop by at your office without an agenda just to shoot the breeze? It can also be an incoming phone call from a vendor that has no substance or purpose. The biggest crime in sales is time wasting activities. If someone imposes these innocuous activities upon your day, stop them in their tracks! Use your voice mail effectively by changing it to reflect your schedule for the day. Let callers know when you will be returning calls. Answer emails only at specific times. Stop being reactive to the onslaught of electronic demands and take back control of your day.
January 19th, 2010 | Posted in Articles | Read More »
When all confidence was lost in the banking system during the fall of 2008, the marketplace responded by baking a huge "WORST CASE SCENARIO" discount into asset valuations. Stocks sold and sold and sold as the "WORSE CASE SCENARIO" implied the global economy was doomed to be sucked into a deflationary spiral. Panic was the prime source of motivation in the decision making process.
However, historic "quantitative easing" actions taken by the Federal Reserve served to re-establish CONFIDENCE in the banking system and slow the pace of global economic contraction. Although a systematic collapse had already priced into asset valuations, the Fed’s liquidity measures and the rapid responses of the Treasury Department soon facilitated the restoration of status quo in the financial markets.
January 19th, 2010 | Posted in Articles | Read More »
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