Archive for the 'Loan Officers' Category

Greg Frost Sr.: Training industry leaders, planning for the future

June 21st, 2010

Written by Greg Frost

Things are always cooking here at Frost Mortgage, and last week was no exception. I wanted to share a couple of experiences in particular that I’m excited about.

Last week, I was the guest speaker at the Casa Latino National Franchisee meeting held in Orlando, Florida. We shared current mortgage industry information and conducted my Productivity Sales Training based on the 6 Scientific Principals of Ethical Influence.

This week I am in the airport and on the way to meet with the Primary Residential Mortgage, Inc. executive team for a 2-day Master Mind conference in Salt Lake City on Monday and Tuesday. Strategizing for continued industry leadership is the meeting goal, which includes design work on a new 580 FICO score FHA product that will be originated and serviced by Primary. I believe that a manually underwritten, common sense FHA product, without the severe FICO score overlays that are currently being imposed by the big Banks, is essential to simulating mortgage production and home sales. During the first 65 of the 77 years FHA has been in existence there was no FICO score a and no automated underwriting. Loans were manually underwritten to the FHA credit manual, and still should be.

Coming weeks are no less packed. What’s on your agenda?

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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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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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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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Frost Mortgage officer recognized by 2nd business publication

April 2nd, 2010

Written by Frost Mortgage

Nita Diem, a loan officer with Frost Mortgage Banking Group, has earned more recognition for her accomplishment in earning the Certified Mortgage Banker (CMB) designation from theMortgage Bankers Association. Nita is one of only a handful of people in the state to have earned this prestigious title and is the first woman in New Mexico to hold it. She had been recognized previously in the Albuquerque Journal Business Outlook.

Today her honor was reported by the New Mexico Business Weekly as well. Please join us again in applauding Nita’s success.

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