It’s December 2019. Your entire origination staff just got Certified by a 25 year mortgage veteran. Your underwriting conditions are cut in half due to less touches on more profitable files. Your customer service has improved dramatically and the stress level with all employees is greatly reduced. Not to mention, there is a significant reduction in potential compliance issues. New applications are increasing because originators are not babysitting files with more time to originate new …
The Mortgage Professional Program Starting May 1, 2019 What if I told you, you could get 25 years of experience in nine months? And what if during this time of learning and growth you were challenged, you learned how to think differently…work more efficiently, more profitably and even build loyalty with your customers? And just suppose you were willing to devote 60 hours of time over the next nine months to master what it takes …
The FHA Single Family Handbook has been updated. Check out the complete list of changes. Some highlights include an update to the legal age for members of an LLC, an update to the standard to limit non-commission employees to those employees that perform underwriting or quality control activities, that Mortgagees must report employee compensation following IRS requirements, as well as providing guidance on the use of Third Party Verifications, (TPV) services to verify borrower’s employment, …
We like less confusing! Right after I finished my Only Three Conditions on the First Underwrite webinar today I received a FNMA update. Thank you Fannie Mae. In response to feedback from lenders and technology providers, Fannie Mae has rewritten and simplified the DU Validation Service messages. According to their release today, the DU 10.3 update replaces 41 current messages with 11 messages, including changes for findings regarding commission income, as well as some updates …
Our CLOES.online Mortgage Professional Program is coming soon and I am in “content hell” but, happy to say with light at the end of the tunnel. The program will be available April 1, 2019 but there is one area I want to share because we are in tax season and it may be helpful, a sneak preview! Mortgage Practices 1 includes an episode on Mortgage Math & Income Calculations, with a detailed review of tax …
Charter Oak Systems, LLC and CLOES.online is pleased to announce the National Association of Mortgage Brokers (NAMB) now offers a new Online, On Demand Video-Recorded course, Mortgage Professional Practices. NAMB is committed to continuing to build a robust, education platform to support the professionalism of all mortgage originators. Most originators agree, none of us were really ever educated. Yes, we got on-boarding, prospecting, internal systems, policies and procedures training but, where would we have gone …