Archive for the 'Greg Frost Sr.' Category
Greg Frost Sr. Featured in the New Zealand Mortgage Mag
December 14th, 2011
Written by Frost Mortgage
Greg Frost Sr. was chosen as the keynote speaker for the New Zealand Mortgage Brokers annual kickoff conference recently and featured on the cover of Volume 10, Issue 7 of the New Zealand Mortgage Mag. Greg Frost Sr. delivered ” A strong dose of Frost bite” to the attendees of the conference and the magazine’s Sr. writer, Jenny Ruth.
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Aristotle wrote………”the proof that you know something is that you are able to teach it.”
August 24th, 2011
Written by Frost Mortgage
Greg Frost, the mortgage industry’s 1st Billion Dollar Originator, knows how to develop unique value, build reciprocal relationships and leverage every loan in process into several additional opportunities.
He has mastered how to achieve multimillion dollar per month personal production year after year throughout his career.
He knows how to do it. He revels in every opportunity he has to share how it is done.
Greg just returned from New Zealand where he shared his strategies with hundreds of Kiwi Loan Advisors at the NZMBA annual convention to rave reviews.
Consider inviting Greg to teach your team. You’ll be glad you did.
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Greg Frost Keynote speaker at New Zealand Mortgage Bankers Association Conference
July 15th, 2011
Written by Frost Mortgage
Greg Frost will be the key note speaker at the New Zealand Mortgage Bankers Associations annual conference in Auckland, the first week of August.
Darren Pratley, President of the New Zealand trade association reports that registrations for the August 4 conference are already the largest ever. “We made a decision to hire mortgage industry icon, Greg Frost, to come all the way from the U.S., to share his proven production strategies with us. This has stimulated tremendous interest in the meeting and is proving to be a very good investment.”
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Mortgage Broker Numbers Continue to Dwindle
June 22nd, 2011
Written by Frost Mortgage
Mortgage Broker numbers continued to dwindle in first quarter 2011 to the lowest level ever recorded by the National Association of Mortgage Brokers. An industry that once accounted for more than 30% of residential mortgage originations funded less than 7% of the total through March 2011.
“We are seeing a steady migration of quality Brokers to the Mortgage Banker space,” says Greg Frost, President of Frost Mortgage Banking Group, a Division of PRMI. “We licensed 4 new offices in April/May and have 9 more in various stages of evaluation, migration and licensing. Our business model speaks to the entrepreneurial spirit of the Broker while providing increased product access, as well as financial stability. Brokers seem to agree that the Mortgage Banker correspondent platform is preferable to going to work for one of the large commercial banks.”
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Greg Frost’s thoughts on the future of Mortgage Banking
December 30th, 2010
Written by Greg Frost
You know I just heard a quote from a long time mortgage man that we Mortgage Bankers were toast and that after April, 2011 we would all be out of business. That perspective was credited to my long time, friendly competitor, Jason Pike. Jason has been a top mortgage originator for many years. He currently works at Bank of America. Jason didn’t choose to go to work for Bank of America, as a matter of fact, once upon a time, Jason shared his very dim view of that particular bank’s ability to compete in the mortgage space. He chose to work for Countrywide Home Loans, and we all know what happened there and we all know that the bank bought Countrywide and, I guess, Jason along with it.
Let me say that I don’t agree with Jason at all. I am confident that the Mortgage Banking industry, is so vital to the ethical distribution of mortgage credit to the American public, that no set of industry circumstances, natural or legislated, will depose it from its position as the nations #1 mortgage resource. We Mortgage Bankers are the entrepreneurs of the Mortgage industry. We are licensed by our states and by the National Mortgage Licensing Agency. We take mandated continuing education, which by the way, the exemption of which, Jason’s bank lobbied congress to gain. As a result our Loan Originators are eminently more educated and regulated than those working for the banks. Every day, we put our cash, credit, and net worth where our mouths are, as we fund billions of dollars of loans and then sell them to bank investors, many to the Bank of America.
It’s funny to hear Jason’s perspective, because his opinions are not shared by the officers of his own bank. Certainly not by the Bank of America officers who manage that banks correspondent lending division. The Bank of America is either the largest or second largest purchasers of Mortgage Banker originated mortgages every year. These bank officers have told me, over and over again, that the bank relies on the production capacity of the Mortgage Banking industry to help the bank replace its mortgage pay downs every month.
These Bank of America officers have repeatedly told me, at various meetings throughout the US, that we Mortgage Bankers play an integral and important role in their banks budgeted growth. A point of view that is in total contrast with Jason’s claims.
I was called by another friend and fellow mortgage banking entrepreneur today, as some of his people were being recruited by Jason. He was concerned that Jason had shared his….”you’re all going to be toast after April, 2011” perspective with his employees and successfully hired one of his team. I shared with him what I now share with you……”Capitalism and the entrepreneurial spirit that made this country great will not be stifled by a few banks, who themselves needed a government bail out, an infusion of your tax dollars, in order to survive. I think that we should just “consider the source” and focus on continuing to provide our fellow Americans with the best choices in mortgage credit, at the fairest prices, that are available in the marketplace today.”
Thank you and have a great day!
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See Greg Frost Sr. in Las Vegas in December at NAMB/WEST Conference!
November 5th, 2010
Written by Frost Mortgage
Mortgage legend Greg Frost Sr. is taking part in the NAMB conference in Las Vegas in December.
Industry legend Greg Frost Sr., President of Frost Mortgage, will be taking part in the NAMB/WEST Conference from December 4-6 at the MGM Grand Las Vegas with a special luncheon presentation.
This is an incredible opportunity to see one of the most dynamic speakers anywhere share valuable insights for top originators, producers, branch managers, loan officers and anyone else with an interest in selling. Click above for a link to the conference site, or connect via the NAMB Facebook page.
We hope to see you there!
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Greg Frost Sr. profiled in New Mexico Business Weekly
October 29th, 2010
Written by Frost Mortgage
At 61, Frost has been among the nation’s most successful mortgage loan originators for three decades. It has led him to become a national motivational speaker. He has averaged 40 speeches annually for two decades.
He has leveraged those national contacts to expand Frost Mortgage in the past three years. In September, he financed $30 million worth of loans across nine states.
Read the whole story at Hard knocks prepared Greg Frost for business bumps | New Mexico Business Weekly.
If you’d like to learn more about Greg’s dynamic and proven motivational speaking, please visit GregFrost.com.
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Greg Frost Sr. talks Fannie/Freddie Bailout with New Mexico Business Weekly
October 25th, 2010
Written by Frost Mortgage
“Fannie and Freddie’s loan portfolio performance will dramatically improve as loans originated since January of 2009 add to the portfolio,” Greg Frost Sr. of Frost Mortgage Banking Group in Albuquerque said.
Read the whole story at Fannie, Freddie bailout may cost $363B | New Mexico Business Weekly.
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New Mexico Business Weekly talks Fannie Mae Hardship Breaks with Greg Frost
September 28th, 2010
Written by Frost Mortgage
Military families struggling with a mortgage payment because of the death or injury of a service member on active duty will get some assistance, under a new program backed by Fannie Mae.
It includes a mortgage payment forbearance of up to six months in such cases.
“No family impacted by the death or injury in the line of duty should have to face the additional burden of foreclosure as the result of the hardship,” said Jeff Hayward, senior vice president of Fannie Mae’s National Servicing Organization.
Under the program, lenders may suspend or reduce a borrower’s monthly payments for up to six months under Fannie Mae’s “Unique Hardships” guidelines. Credit bureau reporting will also be suspended during the forbearance, meaning qualified families participating in the program will not see their credit scores negatively affected.
“This program, though well intended and long overdue, will require a great deal of understanding, trust and coordination between Fannie Mae and their seller-servicers,” said Greg Frost Sr. of Frost Mortgage Lending Group in Albuquerque.
“It remains to be seen how quickly and with what required verification the two entities will be able to respond to a request for this payment abeyance.”
Fannie Mae (OTC BB: FNMA)has established a hotline to provide more information on the military program at (877) MIL-4566
Jeff Clabaugh of the Washington Business Journal, an affiliated publication, compiled this report.
Read more: Fannie Mae offers military hardship break – New Mexico Business Weekly
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My “take away” from Zig Zigler at our meeting this week
August 4th, 2010
Written by Greg Frost
My “take away” from Zig Zigler at our meeting earlier this week was Encouragement. Encouragement is the seed of motivation. Zig shared that my timely encouragement could be just the spark that a person needs to get them to take the next step towards their success. I can contribute to the success of many by constantly being a source of encouragement.
Zig reminded me of the importance of Encouragement. I shared with him that, my wife, Devon, regularly sends me off to start each day with a “You can do it”, or “I’m so proud of you”. Zig replied, “You’ll never need one of those energy drinks if you get that kind of a send off every morning.”
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