Archive for the 'Loan Officer Opportunities' Category

Continuing hints of better news

June 9th, 2010

Written by Frost Mortgage

DENVER, CO–(Marketwire – June 8, 2010) –  Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuations, today released the latest IAS360® House Price Index (HPI) (http://www.iasreo.com/ias360_update.html). Based upon the timeliest and most granular data available in the industry, the benchmark for national house prices gained 0.9% in April.

via U.S. Housing Prices Turn Positive in April.

The West region was up 1.1 percent, according to their report. Even if this does reflect the last of the federal tax credits, we’re encouraged that we could be looking at better times to come.

We hope it helps with purchaser confidence, but we’ve consistently said you can’t time the market. If you’re in the market for a loan or you’re considering making a move up in the mortgage business, give us a call and we’ll help you figure out what the right move is for you today.

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Loan officer candidates — a smart bunch

June 9th, 2010

Written by Frost Mortgage

Roughly 71% of loan officers pass the national test to become qualified mortgage professionals the first time they take the exam, according to new figures released by the Nationwide Mortgage Licensing System. The state (first-time) pass rate is even better: 78%, according to NMLS. The results reflect tests administered between July 30 of last year and April 30, 2009.

via National Mortgage News – mortgage industry news | mortgage information | commercial real estate.

Loan officers are in general a pretty sharp group of people. They’re highly motivated, driven to succeed, and almost always multitalented. And so, it’s no surprise that so many are achieving their licensing on the first go-round.

In any business, though, the testing is continuous, and a professional is always in training for the next level, whether that’s an official certification or just a step up in his or her capacity or skills.

If you’re looking to make that next step, we’re looking for you. We seek out top performers who will appreciate the unparalleled mortgage platform we can provide, please get in touch with us today. We think you’ll be glad you did.

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Appraisals must now be electronic, Fannie says

May 11th, 2010

Written by Frost Mortgage

Fannie Mae has begun mandating that appraisals be delivered by lenders electronically, according to National Mortgage News.

Lenders will have several options for providing the information according to MISMO standards (”the leading technology standards development body for the residential and commercial real estate finance industries, is a wholly owned subsidiary of the Mortgage Bankers Association”). Smaller lenders may upload PDFs or use the XML format using a Web portal, while larger lenders may work
directly with Fannie’s chosen technology provider, Veros Real Estate Solutions.

According to one analyst, “the migration to the newly adopted valuation standards will largely be invisible to the lending community on the origination side” but is expected to have significant impacts on secondary markets.

Are you a top producer who follows news like this? If so, visit our site and find out why our Branch Partner Opportunities are among the best in the business. Come see why we don’t just close loans, we open doors.

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Money Market Recap & Forecast from the Daily Communicator

May 10th, 2010

Written by Frost Mortgage

The week began badly for U.S. Treasury securities, but the benchmark 10-year note did a major U-turn on Tuesday sending it plunging from Monday’s close of 3.70% to 3.39% on Thursday. Yields and prices move in opposite directions.

Monday’s problems were twofold. The proposed Greek bailout by the EU and the IMF dried up safe-haven buying in bonds, which had been keeping yields low. In addition, a trio of good economic releases added to selling pressure.

Consumer spending in March increased for the sixth straight month, rising 0.5%. This pushed it past the pre-recession high reached in November, 2007. Purchases of autos and durable goods led demand, while income rose only 0.2% and the savings rate fell 2.7%.

If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/

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Broker/Owners and Producers: Thrive or Survive?

May 7th, 2010

Written by Greg Frost

Are you a Broker/Owner or Producing Branch Manager who is looking for a platform from which to catapult and grow your business for the next 5 years?

If so, you owe it to yourself to take a serious look at our Branch Partner business model.

• Top 20 National Lenders
• Billion Dollar Monthly Funding Capacity
• 2 Day Underwriting/ 1 Day Re-submits
• Very Competitive Pricing

In addition, you can count on my assistance at building a business plan that will allow you to thrive rather than survive. Please visit this page, designed just for you, today to learn more:

http://frostmortgage.com/branch-opportunities-e1/

If you are a Top Producing Originator who wants to enter the Mortgage Banking world under a Full Eagle, FHA/VA approved lender, please visit:

http://frostmortgage.com/loan-officer-e1/

Greg Frost

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Mortgage legend Greg Frost live on Twitter 5/10

May 7th, 2010

Written by Frost Mortgage

Frost Mortgage President Greg Frost will inaugurate #FrostMortgageMonday, a live interactive chat, on May 10 at 11:30 Mountain Time.

Whether you’re a homebuyer with a mortgage question or a top producer, broker or loan officer looking for industry insights, this will be a unique opportunity to interact with an industry legend.

Greg has been the #1 residential Mortgage Lender in New Mexico since 1985 and is consistantly ranked by Mortgage Originator Magazine among the top 20 Mortgage Originators in America.  Greg is also noted as being the first $Billion Dollar$ Loan Originator, and he is a renowned speaker, trainer and consultant.

Click here to follow Greg Frost on Twitter.

You can also read more about the use of “hashtags” like #FrostMortgageMonday on Twitter or visit TweetChat for an easy way to follow the conversation.

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Frost Mortgage: 19 branches and growing

May 5th, 2010

Written by Frost Mortgage

Many people may not realize the full reach of Frost Mortgage’s business operations. As we’ve noted in our ad in National Mortgage Professional, we can tap up to up to $2 billion of monthly warehouse capacity with 48-hour underwriting. So whether you’re a Producing Branch Manager looking for a Branch Partner opportunity or you’re looking to borrow, Frost has what you need.

For both our partners and potential borrowers, the great news is that our geographic reach has grown to national proportions. In addition to our home base of New Mexico (including Albuquerque and in fact the whole state), our Branches are now serving buyers from (click anywhere to find a loan officer in one of these locations) California (both northern California and other areas such as Santa Rosa, Irvine, Laguna Hills, Solana Beach, Santa Ana, Westlake Village and Lancaster), Florida (Miami and Jupiter), on up to Virginia (Winchester) and Maryland (Abingdon and Upper Marlboro), then back to the middle of the country in states such as Texas (Dallas and Lewisville), Ohio (Lancaster), Illinois (St. Charles), Missouri (Ofallon) and Colorado (Greenwood Village). With all these locations, it’s likely we can help you as you look for your next home. What’s more, we’ll respond quickly.

So please, call us today and learn more about why Frost Mortgage doesn’t just close loans–we open doors.

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Money Market Recap & Forecast from the Daily Communicator

May 3rd, 2010

Written by Frost Mortgage

Money flew into U.S. Treasuries on Tuesday after Standard & Poors downgraded Greece’s debt to “junk” status. Later Portugal also suffered a downgrade. Buying was furious as investors sought the safety of Treasuries and the 10-year note yield, which moves inversely to price, tumbled by 10 basis points.

The day began differently, as consumer confidence in April jumped to a higher-than-expected 57.9 from 52.3. A big increase in “future expectations” was responsible for the big number.

The Fed statement released Wednesday afternoon surprised no one. The post-meeting announcement retained the words “extended period,” referring to the question of how long rates would remain at rock-bottom levels. The rationale is that businesses need to borrow cheap money to hire and make capital investments.

If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/

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